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IndustryUpdate

DivideBuy stated, noting DivideBuy's merchants will Fortis acquires Payment Logistics
be able to refer partners to DivideBuy and benefit from
en-masse instant onboarding, which will enable them Fortis, an embedded payments provider, expanded its
to offer POS finance solutions to wider customer bases. suite of technology solutions by acquiring Payment
Logistics. Payment Logistics brings dozens of embedded
Payroc, Local Express team up payments partnerships, myriad cutting-edge solutions
and a highly experienced team to the Fortis family,
Multinational payments platform Payroc WorldAccess Fortis noted. Payment Logistics has a large breadth of
LLC partnered with Local Express Inc, an omnichannel partnerships processing a significant volume of transac-
technology provider for food and beverage retailers. tions across thousands of businesses annually, and the
"Our integration will support contactless, card-on-file team has partnerships with leading developers, software
billing, offering the ultimate flexibility for the consumer providers and value-added resellers to overcome pay-
and easing the workload for the business owner," said ment integration challenges and maximize the return on
Jared Poulson, executive vice president integrated pay- investment in commerce solutions, Fortis added.
ments at Payroc. "Combining the Local Express technol-
ogy offering with the automation of collecting payments APPOINTMENTS
will not only save business owners money, but more
importantly time from improved workflow improve-
ments." Asaf Darash, JD Harris join Forbes Business Council

TrueAccord joins Visa Fintech Partner Connect Asaf Darash, CEO and founder of Regpack, a software
company that enables organizations to create custom-
TrueAccord Corp, a debt collection company using izable databases to manage automated payments, was
machine learning-powered digital recovery solutions accepted into the Forbes Business Council, a networking
to improve the consumer experience, joined the Visa organization for successful business owners and leaders
Fintech Partner Connect program. Through this pro- worldwide. Also accepted to the council was JD Harris,
gram, TrueAccord is Visa Ready certified, TrueAccord chairman and CEO at Ascent Solutions, an enterprise
stated. The certification helps technology companies engaged in solving challenging cybersecurity problems.
build and launch payment solutions that meet Visa's Darash and Harris were vetted and selected by a review
global standards for security and functionality, and this committee based on the depth and diversity of their
distinction signals that TrueAccord's debt collection experience. Criteria for acceptance include a track record
solutions meet Visa standards and broader payments of successfully impacting business growth metrics, as
regulations, TrueAccord stated. well as personal and professional achievements.

ACQUISITIONS Kueski appoints Andrew Seiz
Kueski, a buy now, pay later and online consumer lend-
Ampla acquires Upside Financing er, appointed Andrew Seiz as vice president of capital
markets and investor relations. Seiz will be responsible
Ampla Technologies acquired Upside Financing and for maintaining investor relationships and educating the
introduced Ampla Pay Later, an extended payment investment community on Kueski's business opportu-
terms solution for brands and vendors. Ampla Pay Later nity. Previously, Seiz was a portfolio manager at BFAM
will build on Upsides' existing product, which extends Partners, BlueMountain Capital Management and Pine
payment terms for brands looking to preserve cash River Capital Management with a special focus on
flow and pay on their own terms, and integrate it into financial institutions and companies in Mexico, Brazil
Ampla's broader platform, Ampla stated. Customers and Argentina. Seiz also held leadership positions at
will now be able to upload invoices from manufacturers, UBS and Goldman Sachs, where he worked as a sell-side
and Ampla Pay Later will pay on their behalf, the com- research analyst.
pany noted, adding that brands will make payments on
terms typically ranging from 30 to 120 days. Sharyn Wilson joins GPS

Climate First Bank acquires Ecountabl Global Processing Services selected Sharyn Wilson as
chief people officer. Wilson is responsible for leading
Climate First Bancorp, the holding company for Climate GPS' global HR organization, including talent strategy,
First Bank, purchased the climate and social justice recruitment, culture, learning and development, and
fintech platform developed by the startup Ecountabl. compensation and benefits. Her career reflects over two
The platform indexes data on over 10,000 companies, decades shaping international talent strategies and scal-
analyzing environmental, social and governance per- ing multinational businesses of all sizes ranging from
formance to help customers track how their purchases FTSE 100 to SMEs, including private equity backed
align with their personal values. The acquisition will businesses, GPS noted. Most recently, Wilson was a self-
accelerate growth and strengthen the core capabilities of employed consultant advising beauty group Orveon in
OneEthos, the digital banking fintech under the Climate setting up their UK HR functions for newly acquired
First Bancorp umbrella, Climate First stated. businesses.

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