Secfi | September 28, 2022
Secfi, the leading provider of equity planning, today announced the launch of Secfi Wealth, offering personalized financial advice, investment management, and access to alternative investments opportunities for those with startup equity. As a registered investment advisor (RIA), Secfi will now expand on its equity planning expertise to provide comprehensive financial advice and ongoing investment management specifically for the startup community.
Equity is the most exciting yet daunting aspect of a startup employee’s financial life, and requires dedicated expertise and guidance to get it right. The startup community is underserved by today's wealth managers who lack extensive experience with stock options, advanced tax planning, and a deep understanding of venture valuations. In addition, they often require clients to have at least hundreds of thousands of dollars in investable assets. Secfi provides investment advice when it matters most early in one’s financial life which is why Secfi doesn’t require a minimum amount of investable assets to work with an advisor.
Secfi brought John Morrison on to lead the design and management of client portfolios, as well as educate clients on investing. John brings over a decade of portfolio management experience to Secfi. He was a portfolio manager of systematic active strategies at Dimensional Fund Advisors for several years. He also spent a number of years evaluating alternative investments from a risk management point of view at Goldman Sachs, and consulted at Bain and Company.
We listen to our clients and build a portfolio that suits them and their unique situation. Our goal is to save them money, make them money, and/or lower their risk by taking a systematic, data driven approach to investing while controlling what we can control in the structuring and management of their portfolio, Many of our clients reached their current level of financial wealth by taking a chance at a startup, working hard, and reaping outsized returns as a result. We help them grow that wealth in a way that avoids single points of failure so they can have the freedom to live the life they want to live and potentially take another chance on something with confidence,said Morrison.
“Startup equity is an important gateway to future wealth, which is why it’s key that it be incorporated into financial planning, Historically, access to this level of expertise and wealth management would be limited to startup founders. But the reality is that it’s needed by all levels of startup employees. We’ve been waiting for this day ever since we started Secfi to provide a holistic offering to our clients.”
-Frederik Mijnhardt, CEO and Co-Founder of Secfi
With this additional offering, startup employees receive access to specialized expertise in pre-and post-IPO equity planning, stock option exercise and selling strategies, tax planning, preparation and filing, secondary and tender offers, and investment diversification creating a one-stop shop for employees to understand their choices around their stock options and how this impacts their larger financial goals.
Since 2017, Secfi has been the startup community’s leading equity advocate, and has worked with employees from 90% of all U.S. unicorns including Airbnb, Palantir, and Doordash, helping them understand, maximize, plan, and provide cash to unlock the value of their stock options. More than 30,000 startup employees have used Secfi’s platform for equity planning, representing $48 billion in equity.
Secfi is trusted by startup employees for equity planning, stock option financing, and wealth management. We’re the first to provide a digital platform for equity planning, 1:1 financial advice, and ongoing investment management, as well as financing products that enable employees to own a stake in the company they helped build. We’ve worked with employees from more than 90% of all U.S. unicorns, and built more than 30,000 equity plans worth $48B in equity value. As an expert in valuing private companies, Secfi has studied and underwritten hundreds of high-growth startups.
Airwallex | September 26, 2022
Airwallex, a leading global fintech platform, announced it has been recognized as the “Startup of the Year” in the US FinTech Awards.
The US FinTech Awards celebrate the achievements and successes of the U.S. FinTech community each year. The awards honor innovators, directors, and rising stars across the U.S. industry through 20 categories. This year’s awards attracted hundreds of nominations across each category and across the full spectrum of fintech, and Airwallex is proud to be at the top.
As winner of “Startup of the Year”, Airwallex was recognized by the judging panel to be “innovative and impactful, engaging and always enabling customers in the movement of money on a global scale. This fintech is well on its way to becoming established in the U.S. market and making the world even bigger for its target clients. A lesson in excellence.”
“After launching in the U.S. just one year ago, to be able to take home the award for U.S. Startup of the Year is a true honor, That said, this is really just the beginning for Airwallex in the U.S. We are laser focused on ensuring we continue to strengthen our products and offerings so we can provide businesses in the U.S. and broader Americas region with a global infrastructure that can seamlessly support their payment and financial services needs.”
-Ravi Adusumilli, General Manager, Americas at Airwallex
Airwallex was first established in Melbourne, Australia in 2015, and is today, the leading financial technology platform for modern businesses growing beyond borders. The business operates with a team of over 1,200 employees in 19 locations across Asia-Pacific, Europe, and North America. In the U.S., Airwallex has a team of almost 50 across product and engineering, legal, risk & compliance, partnerships and sales, and is planning to continue expanding its U.S. team to further strengthen its foothold in the market.
Airwallex is the leading financial technology platform for modern businesses growing beyond borders. With one of the world’s most powerful payments and banking infrastructure, our technology empowers businesses of all sizes to accept payments, move money globally, and simplify their financial operations, all in one single platform. Established in 2015 in Melbourne, our purpose is to connect entrepreneurs, business builders, makers and creators with opportunities in every corner of the world. Today, Airwallex has a global footprint across Asia-Pacific, Europe, and North America.
About US FinTech Awards
The US FinTech Awards is brought to you by FinTech Intel, the global market intelligence platforms for financial services technology. The US is home to the world’s premier financial services center and a burgeoning financial technology market. These awards were developed to celebrate this incredible community, and the achievements and successes of the country’s best and brightest. The categories are designed to cover the full spectrum of fintech, and submissions are judged by an independent panel of experts.
Inswitch and Mastercard | September 30, 2022
Inswitch, a fintech technology company with focus on embedded solutions for banking and payments, and Mastercard International Incorporated have partnered to design and deliver digital payment solutions and issuing programs starting with selected countries across LAC.
Inswitch will start issuing cards as a Mastercard principal member in Mexico, with plans to expand quickly to key markets in LAC and other regions in the future. This collaboration will allow the company to extend its value proposition by offering digital and physical Mastercard branded cards for a broad range of applications across industries: Now our clients can issue branded cards to support different use cases: digital wallets, Buy now pay later, supplier payments, working capital for corporate expenses or cash management necessities; among others, said Ronald Alvarenga, Inswitch's CEO.
In addition to the issuing program, Inswitch and Mastercard will work together to integrate their respective assets and solutions offering an agnostic platform supporting different types of businesses: Business-to-Consumer, Business-to-Business, Consumer-to-Business. Through this strong collaboration, Mastercard and Inswitch are position to deliver a robust turnkey solution in several verticals like eCommerce, Retailers, CPGs. Banks, Gig economy among others.
Inswitch solves two urgent problems for enterprises moving to the digital world: it provides a varied payment infrastructure to accelerate the transformation to e-commerce; and innovating beyond payments with a full digital wallet and banking platform; allowing any company to build and launch financial services fast, reliable and around the world. In addition to offering payments and banking all-in-one platform, and a superior user experience; Inswitch will be providing Mastercard and its clients strong management tools to manage the business, including reporting, analytics, white label channels, automatic settlements, and reconciliations.
"We are very excited to have Inswitch as a Mastercard Issuer in Mexico to integrate issuing capabilities and extend the value proposition to all B2C and B2B clients for Inswitch and Mastercard. Inswitch is a company that combines payments, core banking and issuing products in a single stack, that facilities all companies to develop and launch financial services in multiple markets.''
- Pablo Cuaron, Vice President Fintech & Enablers for Mastercard Mexico and Central America
Inswitch is a global integrated financial technology company that helps companies to rapid activation of digital financial services through its omnichannel 360 Fintech-as-a-Service platform.
Since 2002, Inswitch has implemented more than 100 platforms in 30 countries in Latin America and the Caribbean. In addition, Inswitch has processed over USD 9 billion in Total Payment Volume for more than 80 million users.
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.