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Cross-Border Payments Fintech Thunes Acquires Limonitek, a European Payment Service Platform

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Cross-border payments Fintech Thunes revealed earlier this week that it acquired Limonetik, a European Payment Methods Platform.

The latest acquisition by Thunes should complement the Fintech firm’s existing cross-border payments solutions by enabling companies or businesses to get paid in 70 different countries, using more than 285 local payment methods, including mobile wallets, payment by instalments (BNPL), QR code payments, and various other options. The solution will be called Thunes Collections.

As noted in a release, Limonetik is one of the “earliest” developers of an alternative payment methods platform that is “suitable for international merchants and marketplaces.” And like Thunes, the company closely works with different payment service providers (PSPs) and financial institutions.

Handling over EUR 2 billion a year, Limonetik is “trusted” by more than 14,000 merchants, marketplaces and Fintech players – which includes Deliveroo, Uber Eats, Veepee, CMA – CGM, Worldline – Ingenico, ACI, Amadeus and Natixis.

Established in Paris in 2007, Limonetik is led by CEO & co-founder Christophe Bourbier, a well-known entrepreneur and payment space professional. Today, Limonetik “counts 50 employees who will become Thunesters.”

As noted in the announcement:

“Rapid growth in cross-border e-commerce trade has made it essential for global sellers to accept payments in locally preferred methods. There are over 400 alternative payment methods, and this diversity brings integration complexity and back-office costs that Limonetik’s offering resolves with a single API integration. We believe collecting funds globally should be easy regardless of customer location.”

By joining the Thunes payment and collection networks, companies and their clients are able to send payments to – and get paid in – “even the hardest-to-reach corners of the world.” With a single, simple connection, Thunes provides fast, transparent, and affordable payments and will now also “enable more flexible ways to collect funds.”

Peter De Caluwe, CEO of Thunes, stated:

“Thunes is recognised for our far-reaching global network and brilliantly simple payments solution. We are excited to further strengthen our offering with a global collections capability made possible through the acquisition of Limonetik. We welcome the Limonetik team to Thunes, and as one, we look forward to offering a single end-to-end payment solution that connects every corner of the world and makes the global economy accessible to all.”

Christophe Bourbier, founder of Limonetik, added:

“Limonetik has been driving the transformation of collections with its platform-as-a-service (PaaS) model, while Thunes possesses a powerful global payments network. We are incredibly excited to extend our combined payments and collections solutions across the world.”

Thunes is also introducing a new brand identity, which includes a new logo and website “to better reflect its well-established market position and expanding service offerings.”

These changes have come around 4 years after Thunes’ launch and the firm’s diversification and scaling of its business while expanding its international footprint.

In May 2021, Thunes secured $60 million through a Series B growth round led by global private equity and venture capital firm Insight Partners, bringing the firm’s total funding to $130 million in just 2 years. Insight Partners’ support “enables Thunes to speed up investment in its operations, product and technology.”

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
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Source: https://www.crowdfundinsider.com/2021/07/178255-cross-border-payments-fintech-thunes-acquires-limonitek-a-european-payment-service-platform/

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Akoin’s AKN Token Now on BitMart, Improves Access for African Users

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Akoin, a digital ecosystem and cryptocurrency developed by global artist and Akon to improve social opportunities and access for African entrepreneurs, is now listing on the cryptocurrency exchange BitMart.

The listing with BitMart provides access for Akoin within the United States from people who want to support Akoin and opens up access to many other African countries who were previously unable to access and utilize it. The development will also make Akoin available for trading in 10 additional countries where it was previously inaccessible: Burundi, Central African Republic, Egypt, Ethiopia, Guinea, Guinea-Bissau, Mali, Tunisia, and Uganda.

Trading began Sept. 17, and users can buy and sell the token using internationally available deposit options such as PayPal, Paxful, and Apple Pay. It also features sign-up processes uniquely designed for the African business environment. This extends Akoin coverage into an additional 11 African countries with access to buy and sell the Akoin token.

Akoin said is committed to bringing a more trusted digital currency to countries within Africa which suffer from weak and over-inflated fiat currencies that prevent citizens from accessing financial services and the global economy. The Akoin ecosystem provides token holders with access to a wide range of dApps and apps, along with tools for entrepreneurs to connect, engage and scale business in regions such as Africa, while providing a positive social impact to their communities.

The president and co-founder of Akoin, said the listing was an important step for the business.

“BitMart enables us to offer Akoin to a much larger number of people, including those in the United States and more broadly across Africa, which has been a goal for us,” Jon Karas said. “Listing on BitMart also creates more global awareness and liquidity for the Akoin token while bringing us even closer to realizing our vision of bringing greater opportunity and social connectedness to rising entrepreneurs who want to build, grow and develop their own businesses.”

Akoin has signed global partnerships they expect will increase utility of the AKN token, including the Mwale Medical and Technology City (MMTC) in western Kenya where it is being successfully used as the main currency and central payment platform for residents, workers and businesses, a move which has led to the ongoing roll out of AKN across Kenya.

Global expansion continues in Senegal and throughout the African continent through the growth of the Akoin Wallet and global exchange listings with Bittrex Global and BitMart, the company said.  

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.crowdfundinsider.com/2021/09/180714-akoins-akn-token-now-on-bitmart-improves-access-for-african-users/

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Akoin’s AKN Token Now on BitMart, Improves Access for African Users

Published

on

Akoin, a digital ecosystem and cryptocurrency developed by global artist and Akon to improve social opportunities and access for African entrepreneurs, is now listing on the cryptocurrency exchange BitMart.

The listing with BitMart provides access for Akoin within the United States from people who want to support Akoin and opens up access to many other African countries who were previously unable to access and utilize it. The development will also make Akoin available for trading in 10 additional countries where it was previously inaccessible: Burundi, Central African Republic, Egypt, Ethiopia, Guinea, Guinea-Bissau, Mali, Tunisia, and Uganda.

Trading began Sept. 17, and users can buy and sell the token using internationally available deposit options such as PayPal, Paxful, and Apple Pay. It also features sign-up processes uniquely designed for the African business environment. This extends Akoin coverage into an additional 11 African countries with access to buy and sell the Akoin token.

Akoin said is committed to bringing a more trusted digital currency to countries within Africa which suffer from weak and over-inflated fiat currencies that prevent citizens from accessing financial services and the global economy. The Akoin ecosystem provides token holders with access to a wide range of dApps and apps, along with tools for entrepreneurs to connect, engage and scale business in regions such as Africa, while providing a positive social impact to their communities.

The president and co-founder of Akoin, said the listing was an important step for the business.

“BitMart enables us to offer Akoin to a much larger number of people, including those in the United States and more broadly across Africa, which has been a goal for us,” Jon Karas said. “Listing on BitMart also creates more global awareness and liquidity for the Akoin token while bringing us even closer to realizing our vision of bringing greater opportunity and social connectedness to rising entrepreneurs who want to build, grow and develop their own businesses.”

Akoin has signed global partnerships they expect will increase utility of the AKN token, including the Mwale Medical and Technology City (MMTC) in western Kenya where it is being successfully used as the main currency and central payment platform for residents, workers and businesses, a move which has led to the ongoing roll out of AKN across Kenya.

Global expansion continues in Senegal and throughout the African continent through the growth of the Akoin Wallet and global exchange listings with Bittrex Global and BitMart, the company said.  

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.crowdfundinsider.com/2021/09/180714-akoins-akn-token-now-on-bitmart-improves-access-for-african-users/

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Shares in MoneyLion to Trade on NYSE on September 23rd as SPAC Deal Approved

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MoneyLion Inc., a neo-bank Fintech that reports over 2.8 users and an annualized net revenue run-rate of over $150 million, will commence trading on the New York Stock Exchange tomorrow (September 23, 2021) as the SPAC deal is approved. Following a special meeting yesterday of Fusion Acquisition Corp. the deal was certified and shares of MoneyLion will trade under the ticker ML.

Dee Choubey, co-founder and CEO of MoneyLion, said this was an incredible milestone for his company:

“Taking this step to become a public company provides us with an incredibly strong balance sheet to accelerate our mission of using our digital financial platform to rewire the banking system and help more people take control of their finances and achieve their life goals. We are grateful for the support from our global team, our investors and everyone who helped us reach this moment, and we are excited for the future ahead.”

As was previously reported, the MoneyLion deal has a valuation of around $2.4 billion.  The combination is expected to provide approximately $450 million in cash to the Fintech thus providing a fair amount of growth capital.

John James, CEO of Fusion, stated:

“The MoneyLion team has positioned the business extremely well for future scale, and this transaction provides them with ample growth capital to expand their already broad suite of products and services, both organically as well as through strategic acquisitions. We look forward to partnering with Dee and his talented management team during their next phase of growth.”

MoneyLion’s new board of directors will be comprised of ten directors, nine of whom are independent directors. Non-executive Chairman John Chrystal, vice chairman of The Bancorp, Inc., will lead the Board with MoneyLion’s directors including former Ambassador Dwight Bush Sr., Greg DePetris, Matt Derella, Jeff Gary, Lisa Gersh, Annette Nazareth, former SEC Commissioner, Michael Paull, and Chris Sugden. The current management team will remain in place.

MoneyLion offers many banking services in a digital environment in partnership with MetaBank and investing with DriveWealth, LLC. MoneyLion also offers crypto, powered by Zero Hash, a key offering for younger consumers.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.crowdfundinsider.com/2021/09/180716-shares-in-moneylion-to-trade-on-nyse-on-september-23rd-as-spac-deal-approved/

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Crowdfunding

Shares in MoneyLion to Trade on NYSE on September 23rd as SPAC Deal Approved

Published

on

MoneyLion Inc., a neo-bank Fintech that reports over 2.8 users and an annualized net revenue run-rate of over $150 million, will commence trading on the New York Stock Exchange tomorrow (September 23, 2021) as the SPAC deal is approved. Following a special meeting yesterday of Fusion Acquisition Corp. the deal was certified and shares of MoneyLion will trade under the ticker ML.

Dee Choubey, co-founder and CEO of MoneyLion, said this was an incredible milestone for his company:

“Taking this step to become a public company provides us with an incredibly strong balance sheet to accelerate our mission of using our digital financial platform to rewire the banking system and help more people take control of their finances and achieve their life goals. We are grateful for the support from our global team, our investors and everyone who helped us reach this moment, and we are excited for the future ahead.”

As was previously reported, the MoneyLion deal has a valuation of around $2.4 billion.  The combination is expected to provide approximately $450 million in cash to the Fintech thus providing a fair amount of growth capital.

John James, CEO of Fusion, stated:

“The MoneyLion team has positioned the business extremely well for future scale, and this transaction provides them with ample growth capital to expand their already broad suite of products and services, both organically as well as through strategic acquisitions. We look forward to partnering with Dee and his talented management team during their next phase of growth.”

MoneyLion’s new board of directors will be comprised of ten directors, nine of whom are independent directors. Non-executive Chairman John Chrystal, vice chairman of The Bancorp, Inc., will lead the Board with MoneyLion’s directors including former Ambassador Dwight Bush Sr., Greg DePetris, Matt Derella, Jeff Gary, Lisa Gersh, Annette Nazareth, former SEC Commissioner, Michael Paull, and Chris Sugden. The current management team will remain in place.

MoneyLion offers many banking services in a digital environment in partnership with MetaBank and investing with DriveWealth, LLC. MoneyLion also offers crypto, powered by Zero Hash, a key offering for younger consumers.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.crowdfundinsider.com/2021/09/180716-shares-in-moneylion-to-trade-on-nyse-on-september-23rd-as-spac-deal-approved/

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