UK-based Redpin Holdings, which operates Currencies Direct and TorFX, has launched with a new strategy to offer payments and embedded software to the residential property market.
-The launch follows a previous £140 million strategic investment that Redpin received from Blackstone, Palamon and Corsair, while its two existing consumer-facing brands will continue operations under the new Redpin group umbrella.
-Arnaud Loiseau, who previously served as international CEO of WorldRemit (now Zepz) and vice president at King, has been appointed as CEO of the new group
-He has been tasked with leading the new strategy, drive talent acquisition and carry out mergers and acquisitions of property technology companies globally.
What does this mean?
Loiseau says: “The residential property sector is home to life’s most important payments but also the most frighteningly complex and fragmented ecosystem in the world.