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Credit card fintech Pliant lands €18m Series A extension led by PayPal Ventures

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Pliant, a Berlin-based B2B credit card fintech, has secured over €18 million in a Series A extension, pushing the total funding for this round beyond €50 million.

PayPal Ventures led the latest investment round, with participation from existing investors Alstin Capital, SBI Investment, and Motive Ventures.

Earlier this year, Pliant raised €28 million through its initial Series A funding round. With this new injection of capital, the company is set to expand its cards-as-a-service (CaaS) product into markets outside the European Union, with a focus on the UK.

To facilitate its expansion plans, Pliant has developed multi-currency capabilities, allowing it to offer services in 11 different currencies. This enhancement enables customers to receive invoices in the same currency used for the transaction, a feature particularly beneficial for businesses dealing with significant volumes in non-EUR currencies.

Pliant attributes this funding success to its strong performance in 2023, where it doubled its annual revenues.

Additionally, the fintech has broadened its reach by extending its Electronic Money Institution (EMI) license to cover 25 countries across the European Economic Area (EEA). This expansion allows Pliant to offer financial services beyond card issuance in the region.

Source: fintechfutures.com

The post Credit card fintech Pliant lands €18m Series A extension led by PayPal Ventures appeared first on HIPTHER Alerts.

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Banking Circle Welcomes Johan Bergqvist as Group CFO

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Johan Bergqvist, Former Bolt Chief, Takes Helm as Banking Circle’s Group CFO

Johan Bergqvist, formerly of Bolt, assumes the role of Group CFO at Banking Circle, a financial infrastructure provider. His appointment, effective February, comes as the Luxembourg-based group, owned by Swedish investment firm EQT Partners, aims for the next phase of sustainable growth.

In partnership with Banking Circle’s management team and co-founders Anders la Cour and Laust Bertelsen, Bergqvist will lead initiatives to drive rapid and profitable expansion.

Banking Circle serves a diverse clientele, from online merchants to institutional banks, offering a suite of solutions including cross-border payments, card issuing, accounts, liquidity management, and revenue-based financing. In the previous fiscal year, the company reported run-rate revenues of €300 million and handled €550 billion in run-rate annual payment volumes.

Anders la Cour, commenting on the company’s performance, noted that despite reaching significant scale, there’s ample room for growth in the market.

Bergqvist, with nearly 20 years of industry experience, is poised to leverage his expertise in his new role. This marks his third stint as a Group CFO, having previously served at transportation and delivery platform Bolt, where he remains a board member, and UK-based paytech Teya.

Source: fintechfutures.com

The post Banking Circle Welcomes Johan Bergqvist as Group CFO appeared first on HIPTHER Alerts.

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Genome and Chilli Partners join forces to revolutionize iGaming affiliate payouts

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Leading the charge in the convergence of financial technology and iGaming, Genome, a cutting-edge electronic money institution, is thrilled to announce its strategic partnership with Chilli Partners, a prominent iGaming affiliate program specializing in casino games.

The collaboration marks a pivotal moment in the iGaming industry, bringing together Genome’s expertise in online financial services and Chilli Partners’ prowess in affiliate marketing. The partnership is set to redefine the landscape of affiliate payouts, offering an array of benefits to both affiliates and the iGaming community at large.

“We are excited to embark on this journey with Chilli Partners. By combining our financial expertise with their influential position in the iGaming affiliate space, we aim to set new standards for efficiency and innovation in affiliate payouts,” – noted Genome’s CEO Daumantas Barauskas.

For one, the partnership offers efficient payouts. Affiliates can now enjoy expedited and secure payouts through Genome’s state-of-the-art financial infrastructure, enhancing their overall experience and satisfaction.

It also provides global reach for Chilli Partners, as it can extend its reach to affiliates worldwide with Genome’s international payment capabilities. This allows Chilli Partners to foster a more diverse and expansive network.

The partnership streamlines financial workflows, ensuring seamless transactions and reducing administrative overhead for Chilli Partners, allowing them to focus on delivering top-notch affiliate services.

Genome is all about innovation in payments and online financial services. This approach brings new possibilities for payment options, providing flexibility and convenience for affiliates participating in the Chilli Partners program.

Lastly, the collaboration prioritizes compliance and risk management, assuring affiliates of secure and compliant transactions in accordance with industry regulations.

“This partnership aligns perfectly with our commitment to providing the best possible experience for our affiliates. Genome’s advanced financial services will play a crucial role in elevating our affiliate program to new heights”, – added Clayton Zammit Cesare, Head of Affiliates at Chilli Partners.

As the iGaming industry continues to evolve, Genome and Chilli Partners stand united in their dedication to driving positive change, innovation, and reliability. The partnership is poised to create a ripple effect, positively impacting the entire iGaming ecosystem.

About Genome

Genome is a leading EMI that provides innovative financial services, including batch payouts, SWIFT, and SEPA transfers. With a focus on efficiency and compliance, Genome empowers businesses across various industries, including iGaming, to streamline financial operations and enhance user experiences.

For more information, please visit https://genome.eu/

About Chilli Partners

Chilli Partners is a prominent iGaming affiliate program specializing in casino games. With a commitment to excellence, Chilli Partners connects affiliates with top-tier iGaming brands, offering a lucrative partnership that includes competitive commission structures and tailored support.

For more information, please visit https://chillipartners.com/

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Trina Storage Recognized as Tier 1 Energy Storage Manufacturer by BNEF for Second Consecutive Quarter

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MUNICH, May 3, 2024 /PRNewswire/ — Trina Storage, the leading global energy storage product & solution provider, has once again secured its position as a Tier 1 energy storage manufacturer for the second quarter of 2024, according to the latest assessment by BloombergNEF (BNEF). This prestigious recognition comes on the heels of Trina Storage’s outstanding performance in the first quarter of 2024, reaffirming its commitment to excellence and innovation in the industry.

Trina Storage’s continued dedication to research and development has propelled its success in the energy storage market. Trina Storage possesses comprehensive in-house research & development capabilities, and has successively launched 280Ah, 306Ah and 314Ah battery cells. Through optimizations such as increased cycles, intrinsic safety enhancements, and enhanced energy density, Trina Storage has achieved cost reductions and performance improvements in energy storage systems, establishing a competitive advantage in safety and efficiency.

Furthermore, Trina Storage’s expertise extends beyond battery manufacturing to encompass comprehensive energy storage system integration capabilities. By seamlessly integrating cutting-edge technologies and in-house storage products into customizable energy storage solutions, Trina Storage ensures customers benefit from optimal performance and reliability across various applications and use-cases.

In addition to technical prowess, Trina Storage boasts exceptional financial capabilities, as evidenced by its recognition in DNV-certified Due Diligence reports and inclusion among the Top 5 bankable energy storage providers by BNEF in 2023. These accolades underscore Trina Storage’s robust financial position, bolstering investor confidence and facilitating strategic partnerships to drive continued growth.

“We are honored by BNEF’s recognition of Trina Storage as a Tier 1 energy storage manufacturer for the second consecutive quarter,” said Helena Li, Executive President at Trina Solar. “This achievement reflects our unwavering commitment to excellence in every aspect of our operations, from research and development to manufacturing, integration, testing and financial management. We remain dedicated to advancing the global energy transition with innovative, reliable, and sustainable energy storage solutions.”

Photo – https://mma.prnewswire.com/media/2404094/5MWh_Elementa_2.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/trina-storage-recognized-as-tier-1-energy-storage-manufacturer-by-bnef-for-second-consecutive-quarter-302135476.html

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