FinLync | May 10, 2021
FinLync, a privately held, global fintech company transforming corporate finance and treasury offices through its world-class products, today announced that it has closed on a $16M equity funding round. Point72 Ventures led the financing and included investments from Nyca Partners, former CFO of Palantir and Founding Partner of Friends & Family Capital Colin Anderson, and Plaid Founder William Hockey.
FinLync brings speed, simplicity and greater transparency and control to finance and treasury professionals globally. Through its world-class products, they provide them the infrastructure to unlock more value from their day-to-day operations. This latest funding will support the company’s continued growth, including investment in its technology and expanding the firm’s global reach and executive leadership team. By leveraging bank APIs and embedding the technology within the client’s ERP, FinLync enables corporate finance and treasury departments to have greater control and visibility over their data than legacy treasury management systems provide, while benefiting from financial institution-grade security. Equipped with FinLync’s applications, treasurers and finance professionals are now able to experience real-time payment processing, machine learning-assisted forecasting and reconciliation, all on a user intuitive platform.
Leading companies, including Citrix, have chosen FinLync’s technology to integrate their bank and ERP data in real time, resulting in richer insights and more actionable data to their corporate treasury functions. FinLync’s global bank partners include J.P. Morgan and Standard Chartered, among other leading banks.
“The corporate treasury function has evolved into an increasingly strategic role. FinLync is accelerating that change with its unique solution for CFOs and treasurers around the world, and think they have an opportunity to transform this area of financial services,” said Tripp Shriner, Partner at Point72 Ventures. “We are confident in the experience and industry knowledge FinLync’s executive team brings to the table and believe in their vision. We believe FinLync is uniquely positioned to make a significant impact on this area of open banking and corporate treasury and we are encouraged by the clients and partners it has secured. We look forward to supporting the business as it continues to expand globally.”
While the wave of digital transformation has modernized many areas of financial services and accelerated the use of APIs, corporate treasuries have been largely left behind, still relying on static, disparate and legacy technology. In response, FinLync has created a modern solution that delivers the critical information treasury departments need to maximize cash and make better, faster decisions. Bringing the ease and sleek design of consumer banking technology to corporate treasury, FinLync provides today’s treasurers with real-time data in a simple, customizable dashboard. With FinLync, users have a single, integrated view into all of the information they need—with a reduced risk of breaches and fraud. This innovation makes the ERP the single source of truth for an entire enterprise.
“FinLync’s innovative model addresses the pain points treasurers have to deal with on a daily basis,” said Hans Morris, Managing Partner at Nyca Partners. “Phillip and Peter have built a strong team with backgrounds in corporate treasury, payments and technology to create and deliver an elegant solution that will save companies money.”
“We are at a critical point of growth for our firm. We’ve secured an extensive list of global bank partners and this investment will help us continue our goal of bringing open banking into corporate treasury,” said Phillip Klein, co-founder and CEO of FinLync. “With the right tools, treasurers and their teams are change leaders within their organizations. These individuals need access to real-time treasury data to manage their complex finance needs. With FinLync, corporate finance departments can become forward-thinkers and optimize cash, make better and faster decisions, all while saving time and resources. We believe that our solution is going to transform the treasury function of every global company and we are excited to have secured this growth investment to support our vision.”
FinLync is a privately held, global fintech company transforming the insights and functionality of corporate finance and treasury offices through its world-class products. FinLync’s ERP native apps and API connectivity empowers treasurers to optimize cash, make better, faster decisions, save time and reduce the resources needed to manage complex finance needs. FinLync’s largest clients include Fortune 500 and Fortune 2000 companies. The firm has employees from 18 different countries and offices in Singapore, Los Angeles, New York, and Paris.
Point72 Ventures is a global venture capital strategy led by a diverse set of domain experts with the capital and mandate to lead rounds through all stages of a company's growth, from idea to IPO. The team invests in founders with bold ideas who use the latest technologies to drive transformational change across industries. Point72 Ventures offers entrepreneurs access to expertise and insights, executive and technical talent, and hands-on support. With offices in the U.S. and Europe, Point72 Ventures is an affiliate of Point72, the global asset manager founded by Steven A. Cohen.
3QualiTy | May 24, 2022
Beginning May 30th, 3QualiTy, a leader in the charitable giving fintech space announced that it will partner with MoonbaSwap, a cross-chain AMM DEX protocol for swapping tokens based on OneLedger and its bridged chains.
This partnership will be 3QualiTy’s launchpad for an extended seed sale, and makes the company the first crypto project to use the MoonbaSwap launchpad. Ultimately, this opens up the 3QualiTy platform to additional users, while also providing them with low transaction fees. The MoonbaSwap launchpad will offer: token investment which allows purchasing and trading of tokens that users store in their connected wallet; wallet integration through Metamask; multi-tiered staking and farming; KYC compliance; and lending and borrowing. An AMA session took place on May 19th, which allowed for an open conversation across platforms.
MoonbaSwap is excited to announce the first project to go live on its LaunchPad will be 3QT, a New-York based fintech charity platform, MoonbaSwap is a Defi protocol and LaunchPad, built on the OneLedger platform, a web3 network protocol with a true multi-chain application environment built from the ground up for cross chain interoperability. Our goal is to host the world’s best projects after careful due diligence and consultation with a formidable cohort of technology and financial specialist that make up our Advisory Committee. 3QT is a quality project with prodigious talent and exemplary global support.”
George Connolly, the president and CEO of OneLedger and MoonbaSwap Technologies.
MoonbaSwap is also the developer of the company’s smart contract for the new 3QualiTy token. The partnership builds upon new technology which has the potential to grow into a very powerful blockchain.
The success of 3QualiTy is our number one priority and wherever we see the opportunity to build this platform, make it better for the users, and increase our success rate legally in a way that does not affect our users, we will always look to take advantage of these opportunities.”
Nicholas Chandler, 3QualiTy Co-founder & CEO.
3QualiTy is a fintech company that offers an easy solution to charitable giving. 3QualiTy is a secure interface between charity and decentralized ledger technology. Through its digital token, 3QT, and its philosophy “Every Human is Equal,” charity and cryptocurrency go hand in hand.
MoonbaSwap is a cross-chain AMM DEX protocol for swapping tokens based on OneLedger and its bridged chains, this removes ‘trusted’ intermediaries and provides the platform for faster trading. MoonbaSwap can produce a throughput of about 4000 tps, which is a lot faster than what other dexs can offer.
BITCOIN AND CRYPTO
Foundry Digital LLC | March 08, 2022
Foundry Digital LLC ("Foundry"), a wholly-owned subsidiary of Digital Currency Group (DCG) focused on digital asset mining and staking, is proud to announce its membership with the Blockchain Association, a member-led organization dedicated to improving the public policy environment for digital assets. This announcement is part of Foundry's mission to highlight the transformative potential of decentralized blockchain technologies and the infrastructure that makes cryptocurrencies, such as Bitcoin, the most secure and egalitarian computer networks in the world.
With over 70 members, Blockchain Association combines its network and intel to create unique, meaningful policy with industry consensus. Foundry will leverage Blockchain Association's singular platform, blending industry insights and legal analysis, to inform lawmakers of the economic growth and technological innovations the crypto industry will continue to bring to the job market and electrical grid. Together, Foundry and Blockchain Association will help shape the regulatory future of the burgeoning crypto industry and work diligently to promote Foundry's principles of technological advancement and universal access to wealth in the United States.
Foundry and its clients have grown rapidly and expanded operations in various regions that are often overlooked, demonstrating the type of economic development and community revitalization the crypto industry can bring to these regions, Blockchain Association will help us carry this message of success and growth to Washington, where lawmakers can help replicate our success in communities across the country."
Kyle Schneps, Director of Public Policy at Foundry.
The Blockchain Association, the collective voice of the crypto industry, is proud to welcome Foundry as its newest member, As a leading U.S.-based company who provides digital currency miners and stakers tools to build tomorrow's decentralized infrastructure, Foundry will bring unique insight to the association and to our conversations in Washington."
Kristin Smith, Executive Director of Blockchain Association.
About Foundry Digital LLC
A subsidiary of DCG, Foundry Digital LLC was created to meet the institutional demand for better capital access, efficiency, and transparency in the digital asset mining and staking industry. Headquartered in Rochester, NY, Foundry leverages its institutional expertise, capital, and market intelligence to empower participants within the crypto ecosystem by providing the tools they need to build tomorrow's decentralized infrastructure.
IDT | January 21, 2022
IDT Corporation (NYSE: IDT), a global provider of fintech, cloud communications, and traditional communications services, announced today that it has acquired a majority stake in Sochitel, a global hub and digital distribution platform for mobile top-up, electronic vouchers, and other value transfer services.
Headquartered in London and Lagos, Sochitel has a deep footprint across Africa interconnecting Mobile Network Operators, banks, and financial service providers. Sochitel’s fintech platform empowers the continent’s leading banks to deliver digital, value-added services to over 60 million customers across Africa and supplies its services to corporate clients worldwide.
IDT and Sochitel will leverage their combined capabilities to expand the reach of IDT’s current digital offerings, including mobile top-up and money transfers into Africa, and to support future offerings including bill payment and e-vouchers.
Our combination with Sochitel significantly expands and streamlines our distribution network in key African markets, broadens our mobile top-up platform with new digital services, and provides access to a significant new base of partners and clients as we continue to grow our global value transfer businesses.”
Emilio del Rio, Senior Vice President of Prepaid Services at IDT.
We are delighted to join the IDT family. Africa is enjoying unprecedented growth while pacing the world in the adoption of digital fintech solutions. Combining our strength and depth in the African market with IDT’s distribution capabilities positions us for significant expansion as we further integrate Africa with the global marketplace.”
Jerry Ejikeme, CEO of Sochitel.
Africa, with a population of over 1.2 billion and some of the developing world’s most dynamic economies, represents a significant growth opportunity for the mobile financial service sector. According to the Global System for Mobile Communications (GSMA), Sub-Saharan Africa alone is home to half of the world’s mobile money services and generates two-thirds of global mobile money transactions value. Increasing mobile penetration, a scarcity of traditional transaction infrastructure, and the region’s rapidly evolving mobile payments infrastructure are creating tremendous opportunities for financial service providers to unlock significant value.
About IDT Corporation:
IDT Corporation (NYSE: IDT) is a global provider of fintech, cloud communications, and traditional communications services. We make it easy for families to communicate and support each other across international borders. We also enable businesses to transact and communicate with their customers with enhanced intelligence and insight.
Headquartered in London and Lagos, Sochitel has a strong pan-African footprint supplying digital products and services to major banks and Mobile Money Operators in over 20 countries, as well as corporate clients across the world. Its leading FinTech platform enables financial and corporate partners to offer an extensive and growing range of digital products that supports their customers’ daily activities.