The vast majority of businesses and people around the world depend on a form of payment financing. Credit cards alone finance $16T in merchant payments globally. Trade finance facilitates $10 trillion in B2B payments. One in every six families depends on remittances—money sent back home across the borders—yet even that system depends on trillions of dollars being locked in pre-funding accounts. The list goes on. While the demand for payment financing increases daily, creating an urgent need for more innovative solutions, traditional financial institutions are unable—or unwilling—to meet this need, widening the liquidity gap with each passing day.  Payment financing is so ingrained in every part of our lives that, without it, the entire economy would stop growing.

PayFi aims to address this giant liquidity gap by bringing trillions of dollars of real world payment volume over to blockchains and stablecoins. Leveraging the core strengths of blockchain—global money movement in seconds through programmable money—PayFi also enables new real-world use-cases that were previously impossible. Huma has built the first ever PayFi network with all of these use cases in mind, adopting an open, modular and decentralized approach to empower interoperable solutions across participants. By bringing the best of RWA, Payments, and DeFi together, Huma is creating a network that is far more efficient and accessible than traditional alternatives.

“While designing Huma, we often asked ourselves: How do you build an open payment financing network on blockchain that is more powerful than Visa? Today, stablecoins are already powering $2T in payments annually. An open payment financing network is going to help grow the entire payment ecosystem faster.” said Huma co-founder Richard Liu. “The surge of interest we’re seeing right now is a testament to PayFi’s potential. As more partners join us every week, it’s clear that PayFi is quickly becoming the new frontier of RWA.”

Building on this vision, Huma’s April merger with Arf, the leading on-demand liquidity solution for global payments, brought together the two of the most prominent PayFi players. Huma and Arf have already surpassed $1.8 billion in payment financing transactions and are on track to reach $10 billion next year, making them one of the fastest growing use cases for Circle’s USDC.

Part of this raise came as investments into Arf’s high-yield RWA assets. The Stellar Development Foundation provided a $10 million investment. Additionally, tokenized assets are currently available to accredited investors on Scroll for a limited period. With this funding infusion, Huma plans to further expand its PayFi network to the Stellar smart contract platform and to Solana in the coming months, making sure the network is accessible from all the major payments-focused chains.

“Moving money quickly and cheaply across borders is at the core of what the Stellar network does best. PayFi is providing real world utility that solves problems for people and companies, and it is the type of project tailor-made for the Stellar network. We look forward to continuing to working with Huma to grow the PayFi ecosystem,” said Denelle Dixon, CEO of the Stellar Development Foundation.

“Huma’s PayFi network represents an important step forward in payment financing, offering solutions to long-standing inefficiencies in the industry,” said Chao Deng, CEO of HashKey Capital. “We believe innovations like this are crucial for addressing real-world challenges, and we’re pleased to see Huma playing a key role in advancing the Web3 space.” Huma’s growing PayFi network has caught the attention of leading blockchain advocates, further fueling the momentum behind PayFi. The Solana Foundation’s support signals how PayFi’s innovative on-chain financial solutions are set to redefine global finance.

“PayFi is the creation of new financial markets around the time value of money. On-chain finance can enable new financial primitives, product experiences, and financial access that are impossible in traditional or even Web2 finance. When I met the Huma team, it was immediately apparent that they’d be a great anchor for the PayFi ecosystem within Solana.” said Lily Liu, President of Solana Foundation.

Huma plans to launch the Huma Foundation this year, a pivotal move to decentralize its PayFi network and broaden global access, further solidifying its leadership in the RWA space. Additionally, Huma is set to host the inaugural PayFi Summit in collaboration with the Solana Foundation and Stellar Development Foundation at Singapore Token 2049 on September 17th——an event poised to ignite conversations and drive innovation in the industry.

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“We are excited to welcome GEM as our first institutional-grade investor,” said Chad, Founder. “GEM’s commitment to our vision and their substantial investment underscores the potential of Vitreus to shape the future of blockchain technology. With GEM’s expertise and resources, we are poised to expand our reach, accelerate our development, and realize our mission of creating a decentralized, globally connected ecosystem.”

Over the next two years, GEM will engage in ongoing OTC purchases of wVTRS, supporting Vitreus’ growth while ensuring stability within the market. This partnership aligns with the long-term goals of both Vitreus and GEM, ensuring a collaborative approach to driving innovation and expansion within the blockchain industry.

“As we embark on this transformative journey with GEM, we’ll unlock new possibilities, drive innovation, and shape the future of blockchain,” added Chad. “This partnership is not just about investment; it’s about aligning our visions for a decentralized future and working together to make that future a reality.”

The partnership with GEM is a testament to Vitreus’ potential to disrupt the AI revolution. Together, Vitreus and GEM are set to redefine what is possible in the world of decentralized technology.

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“We are incredibly honored to be recognized as the ‘Best RegTech Solution’ at the Finovate Awards,” said Chris Hilliard, CEO of Winnow. “This award validates our commitment to delivering groundbreaking technology that empowers organizations to navigate the complexities of compliance with ease and confidence.”

The win follows Winnow’s successful demo of its compliance platform at FinnovateFall. Winnow’s platform enables customers to build highly tailored compliance surveys unique to their business type, licensing, financial products, and jurisdictions. Winnow also showed off its recent AI-powered legal search product that provides fast and accurate answers to legal and compliance questions powered by over 80,000 attorney-reviewed regulatory requirements.

FinnovateFall 2024 marks Winnow’s second nomination at the Finovate Awards and its second time being selected to demo at a Finovate event. Winnow was also a finalist in the “Most Impactful AI-Based Solution” category for Winnow AI, and Winnow CEO Chris Hilliard was nominated in the “Executive of the Year” category.

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Based in the United States, Mark will be responsible for driving revenue growth with focus on the commercial aviation, hospitality and overall travel industry. He will report to Kristian Gjerding, the CEO of CellPoint Digital.

Mark’s growth mandate is driven by the increased demand for Payment Orchestration solutions in CellPoint Digital’s target industries. The global Payment Orchestration Platform market was valued at $1.1 billion in 2022 and it is anticipated to grow up to $10.1 billion by 2032, at a CAGR of 24.5% during the forecast period, according to McKinsey & Well Company market research. As more companies turn to Payment Orchestration to mitigate payment fragmentation and facilitate scalable growth (Bain & Company), they need a partner with expertise in Payment Orchestration and industry-specific experience in deploying these solutions. CellPoint Digital is ideally positioned to deliver on both.

Having held the role of Global Head of Payments at CellPoint Digital since 2019, Mark brings an in-depth understanding of the business. He joined CellPoint Digital from Intrapay, a fintech startup providing international cross-border payment services to clients in Europe and Asia Pacific, where he was Chief Operating Officer. Prior to that, he was Chief Executive Officer at GoSwiff (now PaySwiff), a mobile commerce firm headquartered in Singapore with global operations. Before GoSwiff, Mark was the GM and Regional Head of Ingenico (formerly Global Collect) ePayments business in the Asia Pacific region.

Kristian Gjerding, CEO at CellPoint Digital says: “We are pleased to see Mark Patrick take up a new role within CellPoint Digital. As Chief Revenue Officer, Mark oversees CellPoint Digital’s revenue strategy and global business development teams as well as the development of a new account management function. This comes amidst growing demand from businesses seeking to streamline their digital payment capabilities while countering the major challenges they face with existing providers to deliver a seamless service.”

Mark Patrick adds: “It has been a career highlight to be a part of CellPoint Digital’s growth story and to stand at the forefront of optimising customers’ path to purchase across digital channels. This business-critical issue will only grow in importance as consumers increasingly opt for alternative payment methods and demand friction-free payment experiences. As we continue to scale, this requires a new, digital-first approach to revenue generation and account management to ensure client satisfaction.”

Advancing Payment Orchestration across Key Regions

CellPoint Digital’s rapid growth and increasing market demand have necessitated a strategic expansion of their revenue team, with new hires across revenue and account management in key regions such as Europe, Latin America, and Asia-Pacific. This expansion is a direct response to the surging interest in Payment Orchestration across diverse industries and global markets.

Central to CellPoint’s revenue strategy is showcasing the transformative benefits of Payment Orchestration to enterprises worldwide. CellPoint is committed to meeting the evolving needs of a growing client base. Payment Orchestration, a concept that encompasses the end-to-end management of all payment activities—from authorisation and routing to settlement and reporting—has proven invaluable for companies seeking to boost conversions in both direct and indirect sales channels while reducing transaction costs.

The platform’s versatility and efficiency have driven strong demand, fueling CellPoint’s expansion and reinforcing their position as industry leaders in the rapidly evolving payment technology landscape.

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As a silver sponsor, Flipster will maintain a strong presence at the event with a dedicated booth, offering attendees the chance to engage with the team, learn about the platform’s latest innovations, and participate in discussions about the evolving cryptocurrency trading landscape.

In addition, Flipster is partnering with the popular Pudgy Penguins NFT project to co-host an exclusive side event at Zouk, one of Asia’s most renowned nightlife venues, on September 17. The event at Zouk will provide a relaxed yet dynamic environment for attendees to network, share ideas, and celebrate advancements in Web3 and digital assets.

Flipster’s involvement in Token2049 comes during a period of rapid growth for the platform. In recent months, Flipster has solidified its position as a preferred platform for both novice and experienced traders. With a robust set of features, including advanced trading tools, strong security protocols, and a user-friendly interface, Flipster has seen a significant increase in its user base. The platform’s total assets have nearly doubled in the past two months, driven by rising demand for digital assets and Flipster’s focus on innovation and user experience.

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The acquisition of Barnet aligns with KORT’s aggressive growth strategy and commitment to providing innovative solutions to businesses across North America. In this new chapter, the KORT team will focus on scaling Barnet’s technology and integrating it with their own payment platform to provide a holistic solution for clients, ultimately accelerating the company’s growth. The new integrated system will not only provide added value to existing customers but also generate new recurring revenue streams for KORT.

“We established KORT with a mission to identify strategic opportunities in new verticals and our acquisition of Barnet signifies the beginning of this exciting next phase,” said Joel Leonoff, Chairman and CEO of KORT Payments. “Barnet has an exceptionally thorough understanding of regulated industries and a robust technology platform which will serve as a strong foundation as we work to integrate and optimize their product offerings.”

“Barnet has always been focused on delivering reliable and efficient solutions to our clients and with KORT’s resources and expertise, we can expand our offerings and bring greater value to our current and future customers,” said Olena Dubina, Founder and CEO of Barnet Technologies. “This acquisition will also enable us to increase the investment in our core offerings and broaden our reach, especially as the market for licensed and regulated businesses continues to grow.”

The transaction underscores KORT’s ongoing commitment to identify and capitalize on high-potential opportunities within integrated software platforms and payment services. The company is well-positioned to continue its trajectory of aggressive expansion, technological innovation, and delivering exceptional value to its clients and partners in the rapidly evolving fintech landscape.

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The collaboration caters to the growing need for innovative B2B payment options, as the digitalization in B2B purchasing processes is progressing at a fast pace, and a large majority of business buyers today start their buying journey online. Merchants that want to benefit from this shift to online must establish a compelling e-commerce proposition, including convenient and secure payment during checkout.

However, offering invoice payment in a webshop checkout can expose merchants to various risks, such as credit defaults. As a result, online merchants tend to be very cautious when it comes to approving business buyers for invoice payment – while approval rates in B2C usually reach 90% and above, in the B2B context acceptance typically averages 40-50%, and in some cases merchants only accept advance payments.

Combining Atradius’ international expertise in trade credit insurance with Mondu’s innovative BNPL technology, the collaboration enables B2B merchants to manage this challenge with easy-to-access deferred payment options ranging from 30-90 days net terms and 3-12 months installments. The merchants can enjoy the benefits of instant credit decisioning by Mondu supported by Atradius trade credit insurance expertise with payout for approved orders by Mondu within a few days, default protection, and outsourced payment collection from the business buyers.

“By collaborating with Mondu and facilitating their Buy Now Pay Later solutions, we take a significant step to expand our commitment to clients by supporting enhanced financial flexibility and security for BNPL,” said Andreas Tesch, CMO of Atradius. “This collaboration will enable businesses to increase their sales and offer various favorable payment options to their customers.”

“Teaming up with Atradius as their preferred partner enabling Mondu to offer BNPL solutions and additional Mondu services to Atradius clients across Europe is an honor for us and testament to the strong value proposition Mondu has developed over the past years,” said Malte Huffmann, Co-Founder and Co-CEO at Mondu. “We see significant synergies for Atradius merchants to use and benefit from Mondu BNPL options for their business across all distribution channels, especially online.”

Both Atradius and Mondu share a dedication to propelling businesses forward in the global B2B marketplace. This collaboration leverages their combined expertise and unwavering commitment to innovation, creating a win-win scenario for all stakeholders involved.

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“Our partnership with Stripe is a game-changer,” said Jeff Li, Founder of Shoplazza. “By integrating Stripe’s technology, we’re streamlining the payment process for merchants, cutting costs, and boosting efficiency. Shoplazza Payments is crafted to equip merchants with the tools they need to succeed in today’s fast-paced e-commerce environment.”

Innovative Solutions for Payment Challenges

As global e-commerce evolves, merchants are increasingly challenged by complex payment channels and rising consumer expectations. Addressing the limitations of traditional third-party providers, Shoplazza Payments offers a fully integrated, embedded solution designed to simplify transactions, reduce costs, and deliver personalized financial services.

The collaboration with Stripe enhances Shoplazza Payments, allowing it to support a broad range of payment methods, including major credit cards, Apple Pay, and Google Pay, across key markets such as the U.S., Hong Kong, and Canada.

Driving Merchant Growth

Through the integration of Stripe Connect, Shoplazza Payments has significantly improved transaction success rates and sales for merchants by offering flexible payment options. This partnership has positioned Shoplazza as the preferred choice for merchants seeking to enhance customer experience and expand their global reach.

“Stripe enables us to deliver a more efficient, reliable, and seamless payment experience, which is essential for today’s merchants,” added Li. “Our aim is to continually optimize the payment process so merchants can focus on growing their businesses without the hassle of payment complexities.”

Looking Ahead: Expansion and Omni-Channel Retail

Shoplazza Technology plans to deepen its collaboration with Stripe, expand into new markets, particularly the European Union, and enhance its offerings for omni-channel retail. The company aims to deliver integrated payment solutions that provide a seamless experience across both online and in-store transactions.

With the launch of Shoplazza Payments, Shoplazza Technology is set to become a key player in the global e-commerce payment landscape. By providing a more convenient and efficient payment management solution, Shoplazza is helping businesses grow while remaining competitive in a rapidly evolving digital world.

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The new anti-fraud system is an advanced solution designed to detect and prevent fraudulent activities in real-time. Using cutting-edge technology, the system integrates a complex set of rules and algorithms that monitor financial transactions, quickly identifying any suspicious behavior.

This system not only prevents fraud but also significantly reduces the financial impact on customers through rapid and effective interventions. The solution’s flexibility allows integration with other payment systems, including instant payments, ensuring constant and adaptable protection to meet market needs. Additionally, the solution is configurable and scalable, capable of adapting to various risk scenarios encountered in the banking sector.

“Montran played a crucial role in developing this Anti-Fraud System. We successfully implemented a high-performance, flexible, and innovative system in record time,” said Marius Stancu, Director of Application Development at Alpha Bank.

Irina Cârcu, Regional Sales Manager at Montran, emphasized the importance of this project: “Following the successful implementation of the Instant Payments system in partnership with Alpha Bank in November 2023, we continued with the launch of this new Anti-Fraud System, which strengthens transaction security for Alpha Bank customers.”

As instant payments usage grows in the Romanian market, the associated fraud risks have also increased. The rapid integration of Montran’s Anti-Fraud Solution into Alpha Bank’s systems has been crucial for customer protection.

“Our system integrates with both Instant and Non-Instant Payments, operates in real-time, and can function independently or alongside existing Anti-Fraud Solutions in banks,” added Ms. Cârcu.

This initiative reaffirms Alpha Bank’s commitment to selecting top partners to provide safe and reliable banking services to its customers, staying at the forefront of innovation in the banking industry.

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The expanded platform addresses the most pressing challenges faced by debt brokers: time-consuming lender research, inefficient deal management, and fragmented data tracking. By centralizing these functions in a single, automated platform, Lev aims to significantly increase broker productivity and deal flow.

“Since our earliest days, we consistently heard from brokers about the hours lost to repetitive tasks and disjointed processes and a desire to leverage our platform for that purpose,” said Yaakov Zar, founder and CEO of Lev. “Our expanded platform is a direct response to these requests, providing brokers with the tools they need to focus on what truly matters—closing more deals and building stronger client relationships.”

Lev’s expanded platform offers a comprehensive suite of AI-powered tools that revolutionize how debt brokers operate. The platform dramatically reduces lender research time by providing the industry’s most comprehensive lender database of over 4,000 lending institutions, leveraging AI to help brokers understand every lender’s preferences, historical transactions, and current market activity. Automated deal management features, like AI-generated deal books and task automation, save hours of manual work. The platform centralizes all client and lender information, offering a unified view of deals and communications, and instantly surfaces the most relevant lenders for their specific deal. Real-time market intelligence tools help brokers structure deals more accurately and competitively for their clients.

This expansion represents a significant leap forward, empowering brokers with cutting-edge technology, setting a new standard for efficiency in commercial real estate financing, and enabling them to focus on high-impact activities that drive business growth. Lev’s platform combines powerful tools with bank-level security, allowing brokers to leverage insights while maintaining full control of their proprietary data and client relationships.

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