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iTWire Monday, 24 May 2021 16:56 mx51 adds $25 million to coffers with capital raise Featured Victor Zheng, CEO mx51
Payments technology company mx51 has raised $25 million in a Series A round led by Acorn Capital, Artesian, Commencer Capital and Mastercard.
The funds represent
mx51’s first major round of investment, secured less than 12 months after the company spun out of Assembly Payments in May 2020.
The business is led and founded by former Westpac executive and former Assembly Payments co-CEO Victor Zheng.
mx5 says the round will allow it to rapidly expand in Australia and build out further functionality to compete with other payment platforms.
FSS Enhances Merchant Hub to Boost Business Efficiencies and Performance
Monday, April 26, 2021 4:55PM IST (11:25AM GMT)
Chennai, Tamil Nadu, India: FSS (Financial Software and Systems), a globally leading provider of integrated payment products and India’s largest payment processor, announced new enhancements to FSS Merchant Hub to maximize the value of the acquirer ecosystem for merchants through support for new transactional journeys and superior merchant service.
FSS Merchant Hub is a unique merchant support system designed for today’s omnichannel payments landscape. An integrated platform that consolidates critical business functions merchant onboarding, pricing, commissions and fee management, accounting, clearing and settlement across POS, internet, and mobile channels, FSS Merchant streamlines operations and boosts business efficiencies.
FSS Strengthens Leadership Team
Appoints Sanjoy Bose as the Chief Revenue Officer - South Asia
Sanjoy Bose, Chief Revenue Officer – South Asia, Retail Payments, FSS
Chennai, Tamil Nadu, India: FSS (Financial Software and Systems), a leading global payment processor and provider of integrated payment products, today announced the appointment of Sanjoy Bose as the Chief Revenue Officer – South Asia. Sanjoy will be responsible for growing FSS Business in the region, taking a customer-centric approach and driving high-quality engagements.
Sanjoy brings in three decades of deep global business development expertise. He will be focusing on expanding and further strengthening the brand in the region with new logo acquisitions and revenue growth for the multi-faceted retail payments.
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