Fintechs, ESG, and Making a Difference
Environmental, Social, and Governance (ESG) ratings are increasing in importance among companiesRead now
Samee Zafar (Director, London) recently spoke with Nadeem Hussain, pioneer in financial services and technology. He is the founder and ex-CEO of Tameer Bank and EasyPaisa (sold to Telenor) which have impacted millions of Pakistanis by extending credit, insurance and mobile banking solutions to a large segment of unbanked population. EasyPaisa is one of the most successful mobile financial services initiatives outside Africa. He is the founder and chairman of Planet N which aims to connect and catalyze the next wave of technology leadership in developing markets and in particular Pakistan.
It is difficult to predict how the economic downturn and recession will impact the Buy Now Pay Later (BNPL) industry. As interest rates continue to rise, credit card borrowing is growing more expensive. Now there is a new breed of start-ups that have turned the concept of BNPL on its head. Save Now, Buy Later (SNBL) schemes incentivise saving for big-ticket purchases while avoiding the potential debt trap that comes with BNPL. Mark Beresford (Director, London) along with the Retail Payments Practice at EDC have taken a closer look at SNBL as this new alternative payment method starts to gain momentum.
Retail sales during the Christmas holiday season can be a significant contributor to overall annual sales for many retailers. For the UK and six of the largest European markets, the 2022 estimate for Christmas holiday period retails sales is down by €4.5bn compared to the same period in 2021. Once the January sales are over, how can retailers increase sales in a challenging economic period? Tom Robins (Business Analyst, London), Mark Beresford (Director, London) and EDC’s Retail Payments Practice has identified how retailers can focus on five areas where optimization best practices can be applied to increase retail sales. These five areas may not be what you would expect.
The Canadian technology firm Nuvei has entered definitive agreement to acquire Paya, a U.S. leading provider of integrated payment solutions. This acquisition is expected to create a comprehensive suite of payment solutions and services, adding value to Nuvei's existing offerings to merchants and clients. In particular, it is expected that Nuvei will leverage Paya's existing infrastructure, clients, and technology to grow its capabilities in the integrated payment software as well as the B2B payments markets.
In this episode, Martin Koderisch meets with Sirpa Nordlund, Head of Sales and Partnerships at MobilePay. The company launched in Denmark in 2013 and has grown to become a dominant force in Danish and now Nordic consumer payments. It recently merged with Norway’s Vipps to create a pan Nordic mobile wallet platform.
Investors know that being actively involved in ownership can greatly influence the overall success of an investment, and in the current economic climate, it is more critical than ever for private equity firms and the management teams of their payments and fintech portfolio companies to align on value creation initiatives. In this article, Martin Koderisch (Principal) outlines an approach to value creation at VC/PE owned payments and fintech companies.