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Friday, April 19, 2024
HomeBankingRedpin launches with new strategy and £140m in funding

Redpin launches with new strategy and £140m in funding

Date:

  • Redpin’s New Strategy and Funding:
    • UK-based Redpin Holdings, operator of Currencies Direct and TorFX, launches a new strategy.
    • Secured £140 million in funding from Blackstone, Palamon, and Corsair.
  • Leadership and Vision:
    • Arnaud Loiseau, former international CEO of WorldRemit, appointed as Redpin’s CEO.
    • Loiseau aims to lead the new strategy, drive talent acquisition, and conduct global mergers and acquisitions in property technology.
  • Focus on Residential Property Market:
    • Redpin targets the residential property market.
    • Aims to streamline the complex and fragmented ecosystem with a seamless SaaS and international payment experience.
  • Integration Across Ecosystem:
    • Plans to connect consumers and businesses in the property sector, including legal service firms, title companies, estate agents, and property managers.
  • Global Disruption:
    • Loiseau sees the residential property sector as a “huge market ripe for disruption.”
    • Emphasis on overdue change and Redpin’s role in connecting the dots globally.

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