December 2, 2020

Sysnet Global Solutions Acquires the Managed Compliance Solutions (MCS) Division of ControlScan, Inc. to Boost SMB Security Worldwide

Sysnet Global Solutions, the leading provider of cyber security and compliance solutions for SMBs, today announced that it has acquired the Managed Compliance Solutions (MCS) division of ControlScan, Inc., a U.S. leader in managed security services specialising in compliance, detection and response. Terms of the deal were not disclosed. The acquisition establishes Sysnet as the largest provider of compliance and security management services to almost 4 million small- and medium-sized businesses (SMBs) and payment processing organizations worldwide.

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December 1, 2020

OpenSesame Partners With Harvard Business Publishing Corporate Learning to Increase Access to World-Class Leadership Experiences

OpenSesame, the elearning innovator, announced the addition of leadership development solutions from Harvard Business Publishing Corporate Learning to its comprehensive catalog of 20,000+ elearning courses, delivering high-impact digital learning content that drives business results. “We are delighted to welcome one of the best-known names in business education to the OpenSesame catalog,” said Spencer Thornton, Senior Vice President of Curation at OpenSesame.

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November 20, 2020

Bought by Many rebrands to ManyPets in Sweden amid wider mission

Bought by Many in the UK will remain the same, but a new branch will be opened in Sweden. Pet insurer and insurtech Bought by Many has rebranded as ManyPets in Sweden. The new name demonstrates the company’s focus on creating unique pet insurance policies that meet pet owners’ needs, delivering first-class customer service and a competitive claims experience. A new Swedish branch - authorised by Swedish financial regulator the Financial Supervisory Authority (FSA) - has also opened ahead of the Brexit deadline.

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November 19, 2020

Identity startup ID.me sees explosive growth, plans to hire 1,000 workers

McLean identity management startup ID.me has announced a massive expansion, with plans to hire more than 1,000 employees in Northern Virginia by the end of 2021. The company said this week it has already hired 300 new employees since the start of 2020, causing its total headcount to balloon to 350 now. It's also opened up two new locations in Tysons, though only its essential workers are reporting to its physical offices.

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November 19, 2020

RapidRatings Expands & Enhances The FHR Network®

Today, RapidRatings, the leading provider of financial health data and analytics, announced the expansion and enhancement of the FHR Network®—an innovative and secure membership platform that gives private company suppliers the ability to share their financial health rating and build more meaningful relationships with global business partners. RapidRatings previously unveiled the FHR Network at the firm’s 2nd Annual Client Summit. Since launch, membership has grown by the thousands—with suppliers onboarding during the pandemic—worldwide.

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November 17, 2020

Fintech Interview: Thomas Kim – CEO, Enfusion

A slight change of pace, a series of interviews with interesting people within the Fintech space. First up, Thomas Kim of Enfusion... Thomas Kim was named CEO in early 2020 to build upon Enfusion’s success as an industry-leading technology and managed services provider to global hedge funds and investment managers.

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November 17, 2020

Credorax Adds Google Pay & Apple Pay to Payment Methods Offering

Credorax, a fintech bank and smart payments provider, announced on Tuesday it has added Google Pay and Apple Pay to its payment method offering. Credorax reported that both methods may now be added to merchants’ accounts as payment options for their shoppers alongside the more than 150 global payment methods the platform offers.

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November 17, 2020

Here’s the pitch deck a 26-year-old dropout used to raise $68 million for his software platform Paddle

Software billing startup Paddle has raised a £52 million ($68 million) Series C from investors including FTV Capital, Kindred Capital, Notion Capital, and 83North. Founded in 2012 by Christian Owens and Harrison Rose when they were just teenagers, Paddle has raised £72 million ($93 million) to-date. Owens dropped out of school to focus on the startup, and neither cofounder went to university.

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November 17, 2020

Paddle raises $68 million to help SaaS companies sell software globally

Paddle, a platform that helps software-as-a-service (SaaS) companies grow globally by taking care of payments, checkout, subscription management, and licensing, has raised $68 million in a series C round of funding led by FTV Capital. The raise comes in what can only be described as a blockbuster year for SaaS companies, powered substantially by the push to cloud computing and the rapid embrace of remote working. Recent Gartner data indicates that the SaaS market is on track to hit $105 billion in 2020, a figure it projects to rise by 18% in 2021.

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