Payments firm Adyen plans to continue a hiring spree that has hindered its profits. “Adyen is operating at an increasingly global scale,” the Dutch FinTech said in its half-year earnings report Wednesday (Feb. 8). “To sustain this rate of expansion, we spent H2 building our...
Conferma Pay has picked Square and Mastercard veteran Jason Lalor as its new CEO. Lalor has more than 20 years of FinTech experience and will help Conferma Pay in its goal of accelerating the digitization of B2B travel payments, the U.K. company said in a Monday (Feb. 6) news release. “Leaning into Conferma Pay’s...
FIS has reportedly laid off 2,600 employees and contractors in recent weeks. The cuts amount to 2% of the FinTech’s workforce, according to a Thursday (Feb. 2) Bloomberg report that cited unnamed sources. The move comes as the firm is reviewing its operations at a...
The wave of layoffs announced by employers last month was the highest since 2020. U.S. based companies cut 102,943 jobs in January, a 136% increase from December 2022 and a 440% increase from January of last year, the employment service Challenger, Gray & Christmas (CGG)...
Coda Payments has appointed former Worldpay executive Shane Happach as CEO. The provider of cross-border payments and distribution solutions to digital content publishers said in a Thursday (Feb. 2) press release that Happach will relocate to Singapore and assume the role in May. “Shane is...
Upstart is laying off 365 employees due to reduced demand for lending. The artificial intelligence (AI) lending platform said in a Tuesday (Jan. 31) filing with the Securities and Exchange Commission (SEC) that the cuts will amount to about 20% of its current workforce. “On...
Accounts payable (AP) automation and payments solution company AvidXchange has a new president. Dan Drees, who has served as the Charlotte, North Carolina, company’s chief growth officer since 2018, will now oversee the company’s sales, marketing, operations and product as president, AvidXchange announced in a...
Global Processing Services (GPS) has added two members to its leadership team. The global payments technology platform has appointed former Visa executive Jim McCarthy to the newly created role of executive vice president — global head of sales and product and Kevin Fox as chief...
Card issuing platform Marqeta has named its Chief Product Officer (CPO) Simon Khalaf as CEO. Khalaf joined the company as CPO in June and began leading its go-to-market organization as well in August, Marqeta said in a Thursday (Jan. 26) press release. Marqeta’s Founder, Chairman...
