20 November 2023

Redpin launches with new strategy and £140m in funding

Written By FinTech Alliance

Redpin launches with new strategy and £140m in funding

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.

In brief:

-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.

Read more here.

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