Fintech
500-Year-Old Investment Firm, Joseph Sassoon Group, JV with Raffles Financial to Expand Corporate Finance Business in the Americas & Europe
Singapore, Singapore–(Newsfile Corp. – March 4, 2022) – Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTCQX: RAFFF) (“RFG” or the “Company“) is pleased to announce that, through its subsidiary Raffles Financial Americas Pte. Ltd. (“RFA”), it has entered into a joint venture agreement (the “Joint Venture Agreement“) with The Joseph Sassoon Group (“JSG”), one of the world’s oldest privately owned investment management firms, to form Sassoon Raffles Financial (“SRF”) to serve clients in the Americas and Europe with corporate finance advisory and public listing services. This joint venture will expand RFA’s business, resources and capabilities in the Americas, Europe, & the MENA regions.
Joseph Sassoon Group, with a history of over 500 years, is one of the oldest privately owned investment management firms. Their ancestry has lead some of the world’s most iconic projects including investment in the Suez Canal and Rails in the Ottoman Empire along with co-founding of the National Bank of Egypt and Banque du Caire in Cairo.
Under the terms of the agreement RFA and JSG will each hold 50% of the joint venture, Sassoon Raffles Financial, “SRF”. Mr. David Sassoon, Executive Chairman of JSG and Mr. Nicolas Standish, Director of RFA together with an independent director and a professional team of investment and asset managers will lead SRF.
Mr. David Sassoon, Executive Chairman of JSG, exclaimed “We are excited to partner with the young and creative Raffles Financial Group and believe with the Sassoon’s long and prolific history in the investment business this joint venture will provide clients with a unique and established suite of financial solutions to increase their market capitalization.”
Mr. Albert Fan, CEO of RFG said “Raffles Financial is honored and humbled to have this extraordinary opportunity to work with the grand-master of investments, Joseph Sassoon Group, to serve clients who are either seeking public listing, fundraising or mergers & acquisitions in North America. We believe our combined resources will add significant value for our clients.”
RFA Executive Director, Mr. Nicholas Standish, commented “The Sassoon family has a long history of global entrepreneurship and investments in key projects throughout our history spanning back to the 16th century. Our clients will benefit a lot from their legacy, wisdom and vast resources.”
Agreement Highlights:
a) To launch the Joseph Sassoon Asia Fund (“Fund”) to be based in Singapore with a mandate to invest in pre-IPOs, listed securities, digital assets, property funds and REITS.
b) To list the Fund onto one of the 4 licensed digital asset exchanges in Singapore.
c) To promote the corporate finance advisory and public listing mandates throughout the Americas, Europe and MENA regions’ accredited investors, family offices, and investment funds.
d) To run Joseph Sassoon Accelerator programs that incubate Middle Eastern & Asian unicorns for IPO or RTO in the North America.
About The Joseph Sassoon Group (“JSG”)
Joseph Sassoon Group is a multinational full-service investment management and merchant banking firm based in New York with presence in Tel Aviv and Cyprus. The group is the result of entrepreneurial and innovative family enterprises. A philosophy driven approach gives the Group independence and courage to develop long-term vision and identify opportunities. Joseph Sassoon Group is the continuation to a line of successor merchant and banking firms starting as Ibn Shoshan Frères & Co established in 1512. The firm has been in family control for 20 generations, constituting a history of over 500 years of experience and innovation at the center of global trade and financial markets. The corporate predecessors provided financing for some of the most iconic and impactful projects in the world, including:
- Construction of the Suez Canal in 1854
- The first rail in the Ottoman Empire; and
- Co-founding of the National Bank of Egypt and Banque du Caire
Today the company is one of the world’s oldest privately owned investment firms with deep expertise spanning investment, asset management, investment banking as well as corporate finance and private banking.
About Raffles Financial Americas Pte. Ltd. (“RFA”)
Raffles Financial Americas is a joint venture between Raffles Financial Group and Stamatis Capital. RFA specializes in working alongside mid-sized companies to provide them with a full suite of financial services such as corporate finance advisory in IPO, RTO, M&A, family office & trust fund management, REIT & digital asset fractionalization, and public listing as well as capital markets & corporate development consulting services.
About Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTCQX: RAFFF)
Raffles Financial Group is listed on the Canadian Securities Exchange Purchasable under the stock symbol (CSE: RICH, the Frankfurt Stock Exchange Purchasable under the stock symbol (FSE: 4VO) and the OTC Markets under the stock symbol (OTCQX: RAFFF).
On behalf of the RFG Board of Directors
Monita Faris
Corporate Secretary
Phone: +65 6909 8765
Email: [email protected]
Website: www.RafflesFinancial.co
The CSE has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.
Neither the Canadian Securities Purchase nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Purchase) accepts responsibility for the adequacy or accuracy of this release. Certain statements contained in this release may constitute “forward-looking statements” or “forward-looking information” (collectively “forward-looking information”) as those terms are used in Canadian securities laws. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated”, “anticipates” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/115676
Welcome to Blocks & Headlines, your comprehensive daily briefing on the transformative world of blockchain. Today, we explore groundbreaking partnerships, economic innovations, and blockchain-powered initiatives redefining the future.
Sony Ventures Into Blockchain With New Identity Solutions
Sony has unveiled its latest blockchain-based digital identity solution designed to enhance privacy and security in the online space. This innovative system uses decentralized technology to manage digital credentials, making identity verification seamless and secure.
Sony’s venture reflects a broader trend among tech giants exploring blockchain’s potential to reshape data privacy and authentication systems.
Source: Sony Press Release
TRON’s Daily Revenue Skyrockets 119% in 2024
TRON has reported a staggering 119% increase in daily revenue, a testament to its innovative blockchain economic models. By leveraging smart contracts and a scalable infrastructure, TRON continues to attract developers and businesses seeking cost-efficient blockchain solutions.
This growth positions TRON as a leading player in the competitive blockchain ecosystem, setting benchmarks for others to follow.
Source: Bitcoin.com
MIGMIG Partners With XT.com to Bring Blockchain Rewards
MIGMIG, a blockchain gaming and rewards platform, has partnered with XT.com to expand its reach and user engagement. This collaboration aims to deliver unique blockchain-powered rewards while enhancing the gaming experience for users worldwide.
The partnership highlights the increasing intersection of blockchain technology and entertainment, opening new avenues for user interaction.
Source: Bitcoinist
Nano Labs Supports the Inaugural Presidential Crypto Ball
Nano Labs has announced a partnership with the Inaugural Presidential Crypto Ball, emphasizing its commitment to fostering blockchain awareness. This high-profile event aims to bridge the gap between blockchain innovators and policymakers, paving the way for broader adoption.
The initiative underscores the importance of collaboration between the blockchain community and governmental bodies to shape the future of digital assets.
Source: PR Newswire
Bybit Card Partners With EnTravel for Luxury Travel Perks
Bybit has teamed up with EnTravel to offer its cardholders exclusive discounts on luxury travel experiences. This partnership integrates blockchain-powered payment solutions with high-end travel services, providing users with unparalleled convenience and value.
The move exemplifies how blockchain technology can enhance traditional industries, offering innovative solutions tailored to modern consumer needs.
Source: PR Newswire
Key Insights and Industry Trends
- Decentralized Identity: Sony’s blockchain-based solution addresses growing concerns over online security and privacy.
- Economic Innovations: TRON’s revenue surge highlights the profitability of scalable blockchain networks.
- Gaming and Blockchain: Partnerships like MIGMIG and XT.com showcase the potential of blockchain in entertainment.
- Policy and Collaboration: Nano Labs’ involvement in the Crypto Ball underscores the importance of industry-government dialogue.
- Luxury Integration: Bybit and EnTravel demonstrate blockchain’s ability to enhance traditional services.
The post Blocks & Headlines: Today in Blockchain ( appeared first on News, Events, Advertising Options.
Fintech
Fintech Pulse: Your Daily Industry Brief (Float Financial, Alza Fintech, Thrive Capital, Stripe, Unzer, Agora Data)
Welcome to Fintech Pulse, your comprehensive daily update on the latest in financial technology. Today’s edition dives into funding rounds, leadership changes, and the evolving landscape of decentralized finance (DeFi) and fintech innovation.
Float Financial Secures $48.5 Million Series B Funding
Float Financial, a fintech startup positioned as the “Brex of Canada,” has successfully raised $48.5 million in a Series B funding round. The company aims to revolutionize financial services for small and medium-sized businesses (SMBs) across Canada, providing corporate cards and spend management solutions.
The funding will be used to expand its product offerings, invest in technology, and scale operations. With a growing demand for SMB-centric financial tools, Float is poised to challenge traditional banking systems and redefine how Canadian businesses manage their finances.
Source: TechCrunch
Alza Fintech Shuts Down Amid Industry Challenges
Alza Fintech, a promising startup backed by Thrive Capital and Stripe, has announced its closure. Known for its focus on financial inclusion for Latino communities, the company cited difficulties in scaling its operations and meeting market expectations.
This development reflects the broader challenges faced by niche fintech players in a competitive landscape. It also underscores the importance of sustainable growth strategies and robust operational frameworks in the fintech sector.
Source: Fortune
The Next Phase of DeFi: Fintechs and Exchanges Take the Lead
The decentralized finance (DeFi) space is entering a new phase, with fintech companies and exchanges taking a more active role in its evolution. Industry leaders are integrating DeFi functionalities into their platforms, making decentralized financial tools more accessible to mainstream users.
This trend highlights a shift towards a hybrid model, combining traditional financial services with decentralized technologies. Experts believe this approach could bridge the gap between conventional finance and the blockchain ecosystem, driving broader adoption of DeFi solutions.
Source: Fortune Crypto
Leadership Update: Goetz Moeller Joins Unzer as CFO
German paytech Unzer has appointed Goetz Moeller as its new Chief Financial Officer (CFO). Moeller brings extensive experience in financial management and strategic planning, having held leadership roles in prominent European financial institutions.
Unzer’s decision to strengthen its leadership team comes as the company focuses on expanding its presence in the European payments market. Moeller’s expertise is expected to drive financial discipline and support Unzer’s ambitious growth plans.
Source: Fintech Futures
Agora Data Welcomes Jeremy Beck as VP of Sales Strategy
Agora Data has named Jeremy Beck as its Vice President of Sales Strategy. With a rich background in the auto industry, Beck is set to lead Agora’s efforts to enhance its data-driven financial solutions for auto dealerships.
This strategic hire aligns with Agora’s vision to leverage big data and AI to transform auto financing. Beck’s industry expertise will play a crucial role in strengthening client relationships and driving innovation in the auto finance sector.
Source: PR Newswire
Industry Trends and Analysis
The fintech sector continues to witness rapid advancements and dynamic shifts. Key trends to watch include:
- DeFi Mainstreaming: Increased integration of decentralized finance tools into traditional platforms.
- Leadership Transitions: Strategic hires to navigate growth and market complexities.
- Niche Challenges: Survival strategies for fintechs targeting specific demographics.
- Tech-Driven Solutions: Growing emphasis on AI and big data in financial services.
- Market Expansion: Scaling operations to address regional and global opportunities.
The post Fintech Pulse: Your Daily Industry Brief (Float Financial, Alza Fintech, Thrive Capital, Stripe, Unzer, Agora Data) appeared first on News, Events, Advertising Options.
Fintech
Fintech Pulse: Your Daily Industry Brief (Orion, Envestnet, Chime, Plaid, Brex, Dave, Fincover.com)
In today’s edition of Fintech Pulse, we explore groundbreaking developments, leadership shifts, enforcement actions, and market trends that set the tone for 2025. As the fintech landscape continues its rapid evolution, these stories provide insights into the sector’s resilience and innovation.
Orion Welcomes Arun Anur as COO
Orion Advisor Solutions has announced the appointment of fintech veteran Arun Anur as Chief Operating Officer. With over two decades of experience in financial technology and operational leadership, Anur’s addition to the team is seen as a strategic move to enhance operational efficiency and scale services for financial advisors and their clients.
Anur’s extensive background includes leadership roles at firms like Envestnet and other high-profile fintech companies. He is expected to drive Orion’s growth by focusing on advanced technological solutions and client-centric strategies.
Source: Business Wire
Hiring Trends in Fintech Amid Market Volatility
Despite the challenges of a turbulent 2024, several fintech companies are actively hiring in 2025, signaling confidence in the sector’s long-term growth. Prominent names like Chime, Plaid, and Brex are expanding their teams, with a focus on engineering, compliance, and customer success roles.
Industry experts suggest that the hiring surge reflects a shift toward rebuilding trust and enhancing service delivery post-economic uncertainty. This also underscores the increasing need for robust regulatory compliance and innovative product development in a competitive market.
Source: TechCrunch
U.S. Legal Action Against Fintech App Dave
The U.S. Department of Justice has announced a civil enforcement action against fintech app Dave and its CEO, accusing them of deceptive practices that misled consumers about their overdraft services. The allegations claim that Dave misrepresented its fees and terms, potentially harming financially vulnerable users.
This case highlights the heightened scrutiny fintech companies face as regulators aim to protect consumers from predatory practices. Industry leaders are watching closely, as this could set a precedent for future enforcement actions in the sector.
Source: Reuters
Fincover.com Launches Revolutionary Fintech Marketplace
Fincover.com has unveiled a groundbreaking fintech marketplace designed to streamline access to financial services. The platform aggregates offerings from multiple providers, enabling consumers and businesses to compare and select solutions tailored to their needs.
This innovative approach aims to enhance transparency and user experience in a crowded market. With features like AI-driven recommendations and real-time updates, Fincover.com is poised to redefine how financial products are discovered and adopted.
Source: GlobeNewswire
Singapore Leads SEA Fintech Funding with $995M in 2024
Singapore solidified its position as Southeast Asia’s fintech hub by securing $995 million in funding in 2024. This impressive figure highlights the city-state’s ability to attract global investors, thanks to its robust regulatory framework and supportive ecosystem.
Key areas of investment include digital payments, blockchain solutions, and insurtech. Analysts predict that Singapore’s leadership in fintech funding will continue to drive innovation and regional growth in the coming years.
Source: Singapore Business Review
Industry Insights and Trends
As we enter 2025, the fintech industry is navigating a complex landscape shaped by economic uncertainty, regulatory changes, and technological advancements. Here are key trends to watch:
- Regulatory Scrutiny: Increased enforcement actions emphasize the importance of compliance and ethical practices.
- Talent Acquisition: Strategic hiring in critical areas like technology and compliance reflects sector resilience.
- Marketplace Innovations: Platforms like Fincover.com are transforming how financial services are accessed.
- Regional Leadership: Singapore’s dominance in Southeast Asia highlights the value of strong ecosystems.
- Consumer Protection: Cases like the one against Dave underline the need for transparency and trust.
The post Fintech Pulse: Your Daily Industry Brief (Orion, Envestnet, Chime, Plaid, Brex, Dave, Fincover.com) appeared first on News, Events, Advertising Options.
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