Lionbridge Again Named One of America's Best Employers by Forbes

Lionbridge | April 17, 2019

Lionbridge Technologies is proud to announce it has again been named one of America's Best Employers by Forbes, which also recognized Lionbridge as a Best Employer for Women in 2018. The 2019 list recognizes organizations across a variety of industries that employ more than 1,000 people in the U.S. Working with Statista, Forbes deployed an independent survey to a representative sample of the US workforce and reached more than 50,000 employees overall. The rankings were mainly assessed based on the likelihood that an employee would recommend their employer to friends and family versus recommend a different employer. Other questions included inquiries about company culture, career development, gender equality, and compensation. "Our foundational priorities are our people and customers," said John Fennelly, CEO of Lionbridge. "We're very proud of the progress we've made in creating an environment that allows our talent to expand their skillsets and interests. This has also helped us accelerate our innovation efforts." Ann Lazarus-Barnes, Lionbridge's Chief People Officer, said the award is a testament to the company's dedication to its employees. "Our community's strength is an immeasurably important part of our success and we are always on the lookout for the best and brightest to join us," she said.

Spotlight

Nuvei (Nasdaq: NVEI) (TSX: NVEI) is the Canadian fintech company accelerating the business of clients around the world. Nuvei’s modular, flexible and scalable technology allows leading companies to accept next-gen payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services. Connecting businesses to their customers in more than 200 markets, with local acquiring in 45+ markets, 150 currencies and more than 580 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.


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PAYMENTS, FINTECH

PayUp Announces Partnership with nFusion Capital

PayUp and nFusion Capital | November 23, 2022

Peter Rex, founder and Executive Chairman of Rex, announced that PayUp, a Rex company, has partnered with Austin-based nFusion Capital. PayUp is a technologized early payment solution for small and medium-sized businesses ensuring convenient and affordable access to capital. nFusion Capital is a private working capital finance company delivering customized financing solutions to small and medium-sized businesses. "Labor and materials prices are expected to continue to rise due to inflation and shortages, and 87% of vendors don't qualify for traditional lending, PayUp is building technology to manage the arbitrage in credit worthiness between these vendors and customers. A line of credit from a partner like nFusion Capital is only going to help PayUp meet that rising demand," -Peter Rex PayUp partners with businesses and their customers to expedite payments providing a fully integrated experience that seamlessly fits into existing invoicing workflows and provides instant verification and early, predictable payouts. We are excited to partner with PayUp and provide the capital they need to continue to grow their market, In a world where many companies hide behind jargon and fake tech, PayUp is the real deal. It is fin-tech that has developed a truly one-of-kind platform built with technology that solves a real-world problem and we look forward to their continued success,said Jason Lippman, CEO of nFusion Capital. This line of credit will allow PayUp to factor $50M+ in invoices & achieve a multi-million dollar ARR, As we partner with high credit quality customers, we expect to raise larger debt facilities at lower costs of capital, thereby generating margin expansion for our current investors,said Denver Lobo, co-founder and CEO of PayUp. Since its May 2022 launch, PayUp has processed thousands of invoices totaling well over $1.5M in payments. Over the next 6-12 months PayUp will be focused on accelerating growth of their customer base and hiring key personnel. About Rex Rex is a technology, investment and real estate company whose mission is to empower the billions of people who use real estate to live, work, and play. Rex has launched Tech Ventures Real Estate (TVRE), a single venture to disrupt real estate - the world's largest asset class. TVRE leverages Rex's access to 10k+ apartments, an in-house startup studio and elite tech team that conceives of, launches, and scales revenue generating businesses at an industry leading pace. Founded by Peter Rex and headquartered in Austin, Texas, Rex has been named a Forbes "Best Place to Work." About PayUp PayUp is a fintech company serving small and medium-sized businesses with early payment solutions. PayUp's technology allows vendors to get paid early on their timeline. About nFusion Capital nFusion Capital brings a unique approach to the world of business finance – as optimists we start from a position of "yes we can" and aggressively work on behalf of our customers to ensure their success.

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FINANCIAL MANAGEMENT, PAYMENTS

Airwallex partners with TripActions to support its global expenses and reimbursements

Airwallex | December 19, 2022

Global fintech Airwallex is pleased to announce that it has been chosen by TripActions as the partner of choice for its global cross-border payments and FX needs to support TripActions Liquid, its corporate card and expense management solution. With support from Airwallex’s global payments and banking infrastructure, TripActions can further streamline travel and expense management experiences for its customers across 130 markets by providing a seamless, cost-efficient way to convert and pay out funds in over 45 currencies. “Identifying faster, easier, and safer ways to move and manage money is key for businesses that want to grow at scale. At Airwallex, this is exactly the pain point that we are building a solution for, TripActions is the modern day, all-in-one solution for corporate travel and expense, and we are pleased that we are able to support them and their ambition as they look to grow and expand their business globally.” -Ravi Adusumilli, Global Head of Partnerships and General Manager, Americas at Airwallex TripActions aims to make travel and expense easy, and Airwallex’s vision to deliver better experiences and tech solutions aligns exactly with that goal, With Airwallex, we are now able to reimburse our customers’ international employees in their local currencies instantly or on the same day in many countries, and we’re excited to continue working together as we bring more innovative features to businesses everywhere,said Michael Sindicich, EVP and General Manager of TripActions Liquid. Founded in Melbourne, Australia in 2015, Airwallex reported significant business growth in the last year, with revenues more than doubling year-over-year. In the US, Airwallex has also built steady traction, having experienced rapid customer growth, and having won “Startup of the Year” in this year’s US Fintech Awards. Today, the business operates with a still-growing team of 1,300 employees in 19 locations across Asia-Pacific, Europe, and North America. About Airwallex 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 in a single platform. Established in 2015 in Melbourne, Australia, 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.

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TRADING SYSTEMS, FINTECH

NinjaTrader Wins Best Brokerage for Trading Futures at Benzinga Global Fintech Awards for Third Consecutive Year

NinjaTrader Group | December 14, 2022

NinjaTrader Group, LLC, a global leader in futures brokerage for active traders, was named Best Brokerage for Trading Futures for the third consecutive year at the Benzinga Global Fintech Awards. The firm also took the honor for Most Transformative M&A following its acquisitions over the past two years of TransAct Futures, a futures commission merchant (FCM), and Tradovate Holdings, LLC, an online futures brokerage and technology firm dedicated to meeting the needs of active retail traders. "We're delighted to win the coveted Best Futures Brokerage honor from Benzinga for the third year running, along with the recognition of our significant strategic expansion efforts. We are wholly dedicated to providing the most positive experience possible to our fast-growing community of engaged futures traders, from comprehensive support and educational tools, to accessible products, to powerful, easy-to-use technology." -NinjaTrader Group CEO Martin Franchi Jason Raznick, Benzinga founder and CEO, said: We are proud to recognize NinjaTrader at the Benzinga Global Fintech Awards as the firm has demonstrated a best-in-class trading platform and futures brokerage operation, made stronger by its acquisitions of TransAct Futures and Tradovate Holdings. Our judges named NinjaTrader as the Best Brokerage for Trading Futures, and we are excited to see growth in the years to come! The award winners were selected based on scoring and commentary from a panel of independent judges representing a broad cross-section of the capital markets, investment and fintech industries. The shortlist of finalists includes "the most innovative, game-changing industry leaders, making capital markets easier to consume for all people." Benzinga is a full-service news and media company providing real-time news, actionable trading ideas and insightful commentary. Year-to-date trading activity at NinjaTrader Group, reflecting volume at both NinjaTrader and Tradovate, has exceeded 105 million futures contracts. About NinjaTrader Group, LLC NinjaTrader provides award-winning trading software and futures brokerage services to active futures traders. Founded in 2003, NinjaTrader has evolved into an industry leader supporting over 500,000 traders around the globe with best-in-class technology, discount commissions and world-class support. Tradovate, a subsidiary of NinjaTrader Group, is an online futures brokerage firm dedicated to meeting the needs of active retail traders. Tradovate offers a modern, cloud-based futures trading platform and subscription-based, commission-free trading. Tradovate powers futures trading from anywhere, with complete access to download the platform for Windows and/or Mac, log in on the web with Chrome and other browsers, and trade via mobile Apple or Android devices.

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TRADING SYSTEMS, FINTECH

United Fintech Acquires Cobalt To Strengthen FX & Digital Assets Trading Capabilities

United Fintech and Cobalt | December 15, 2022

United Fintech, the end-to-end solution for banking technology, announces the 100 percent acquisition of Cobalt, the provider of critical risk and data services to the FX and digital asset markets. The acquisition elevates United Fintech’s position as the leading end-to-end solution connecting financial institutions with innovative fintechs to accelerate digital transformation. This is United Fintech’s fifth acquisition since launching in 2020 and has rapidly scaled its team to 150 across New York, London and Singapore. The acquisition of Cobalt is in addition to the acquisitions of FairXchange, TTMZero, Athena Systems and NetDania; demonstrating the ability to scale and grow despite the slowdown in the fintech space. Founded in 2015, Cobalt provides core shared ledger infrastructure for banks in foreign exchange trading and digital assets. The company's platform leverages blockchain-derived concepts to create a single, shared view of every transaction and remove the need for reconciliation across siloes and multiple systems. This allows foreign exchange traders to reduce credit risk and cost efficiently. Cobalt's current customer base includes top tier banks like Deutsche Bank, Citi Bank, Barclays, BNP, Natwest, ABN Amro and Standard Chartered Bank. United Fintech will onboard Cobalt, its clients and employees onto its platform while Cobalt will continue to operate as a standalone company under United Fintech. United Fintech CEO and founder, Christian Frahm, will be appointed as the new Chairman of Cobalt and Cobalt’s co-founder & Chief Product Officer Andrew Coyne and CEO Darren Coote will continue to lead the business day to day. “It is incredibly exciting to welcome some of the financial industry’s accomplished leaders to the United Fintech family. Cobalt is at the forefront of critical institutional trade infrastructure for foreign exchange and digital assets, leading the field in innovation that empowers banks to keep pace with the ever-evolving capital markets." - Christian Frahm, founder and CEO, United Fintech Foreign Exchange is a core part of a bank’s infrastructure today. In the future I’m convinced digital assets will become a key asset class in the sophisticated money management space, while financial institutions and banks will need a high level of expertise and know-how to thrive in the coming digital banking era. Cobalt’s technology is a great addition to the United Fintech global range of products and services and I look forward to the new phase of our growth journey together. Andrew Coyne, Co-Founder & Chief Product Officer, Cobalt, added, I am very happy that Cobalt is now part of the United Fintech family. They will help us accelerate shared infrastructure adoption for the benefit of all market participants. This will allow our clients to access markets more efficiently, with better control and lower cost. Royal Park Partners acted as exclusive financial advisor to United Fintech and its shareholders throughout the transaction. Commenting on the acquisition, Aman Behzad, Managing Partner and Founder, Royal Park Partners, said: The future of fintech rests on pioneers like United Fintech, which expertly consolidates disjoined banking infrastructure and streamlines digital transformation. Cobalt’s innovation will enable United Fintech to serve the urgent demand for institutional-grade infrastructure for FX and digital assets. It’s an incredible match up of talent and infrastructure capability and a great step for the industry overall. About United Fintech United Fintech launched in 2020 to unite the world's most talented people in capital markets, help drive change in the financial services industry and make a positive impact in the process. Its go-to platform for digital capital markets solutions is powered by partner companies including NetDania, Athena Systems, TTMZero and FairExchange. United Fintech empowers financial institutions to thrive and compete in the digital era, acquiring and scaling innovative fintech companies for growth. About Cobalt Cobalt launched in 2016 and provides critical risk and data services to the FX Market’s leading participants, leveraging these regulatory compliant solutions for the Digital Asset (DA) market. By creating a single standardised version of each transaction and managing credit in real-time, Cobalt enables all market participants to connect and automate their post trade functions including confirmations, trade netting and the management of credit relationships.

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Spotlight

Nuvei (Nasdaq: NVEI) (TSX: NVEI) is the Canadian fintech company accelerating the business of clients around the world. Nuvei’s modular, flexible and scalable technology allows leading companies to accept next-gen payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services. Connecting businesses to their customers in more than 200 markets, with local acquiring in 45+ markets, 150 currencies and more than 580 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.

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