In a role reversal, Xalts, a Singapore fintech startup founded 18 months ago, has acquired Contour Network, a digital trade platform set up by eight major banks including HSBC, Standard Chartered and BNP. Backed by Accel and Citi Ventures, Xalts enables financial institutions to build and manage blockchain-based apps. Contour was started in 2017 by a consortium of eight banks to digitize trade and is currently used by 22 banks and more than 100 global business including Tata Group, Rio Tinto and SAIC.
Regional venture capitals refuel their funds
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Women-led VC firm Globivest announces close of its first fund
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Plaid has named Jennifer (Jen) Taylor, who most recently served as Cloudflare’s chief product officer, as its first president. In announcing Taylor’s appointment, San Francisco-based Plaid pointed out that her nearly seven-year tenure spanned pre, during and after Cloudflare’s IPO perhaps signaling that Plaid itself is inching closer to an initial public offering (IPO).
Plaid s new president hails from Cloudflare, has IPO experience
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