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Poshmark Files For IPO After Posting Record Profits

PYMNTS

Secondhand eCommerce platform Poshmark filed for an initial public offering (IPO) after posting more than $30 million in profit across two consecutive quarters. “We The Silicon Valley startup posted a net loss of $14.5 We only recently became profitable and have experienced net losses. Security and Exchange Commission (SEC). .

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Gan Kim Yong to Take Over as MAS Chairman From Lawrence Wong

Fintech News

Wong’s tenure with MAS includes his time as Deputy Chairman from 1 June 2021 to 7 July 2023 and as a Board member from 10 June 2011 to 29 August 2016. Featured image credit: Edited from Freepik The post Gan Kim Yong to Take Over as MAS Chairman From Lawrence Wong appeared first on Fintech Singapore.

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TerraPay Appoints Ralph Koker as Global Head of Products

Fintech News

He later moved to Visa in Singapore in 2011 and eventually led Visa Latin America’s digital product and money movement initiatives from Miami in 2017. ” Featured image credit: Edited from Freepik The post TerraPay Appoints Ralph Koker as Global Head of Products appeared first on Fintech Singapore.

Product 101
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The Data is Clear: The Durbin-Marshall Credit Card Bill Will Harm Small Businesses

Electronic Payments Coalition

Since Congress introduced price caps and routing mandates on debit cards in 2011, research from independent and government sources has illuminated their disproportionate negative impact on small businesses. Congress must stand against the Durbin-Marshall Credit Card Bill.

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3forge Lands Funding from Morgan Stanley

Finovate

The amount of the round, which marked 3forge’s first external investment since it was founded in 2011, was undisclosed. Low code platform 3forge has landed its first external investment round since it was founded in 2011. 3forge will use the funds to fuel its global go-to-market strategy and expand its development community.

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SigFig Brings AI to its Financial Advisor Collaboration Platform Engage

Finovate

San Francisco-based SigFig has been a Finovate alum since its FinovateFall debut in 2011. Other new AI-driven additions include automated transcripts, meeting summaries, and post-meeting notes. SigFig made its Finovate debut at FinovateFall 2011. million customers and 6,000+ advisors on its platform.

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Angela Toy Assumes COO Position at Golden Gate Ventures

Fintech News

Since joining as the second employee in 2011, Toy has been instrumental in the firm’s development, culminating in her promotion to partner in mid-2021. Featured image credit: Edited from Freepik The post Angela Toy Assumes COO Position at Golden Gate Ventures appeared first on Fintech Singapore.