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IndustryUpdate




                                                                    Recharge acquires Startselect marketplace
                   Unlock Your                                      Recharge, a specialist in prepaid payments, acquired
                                                                    Startselect, a European digital gift and gaming cards
                                                                    company. This move is expected to position Recharge
            Growth Potential                                        to achieve €750 million (US $800) in annual sales by
                                                                    2024. Recharge stated it has been growing aggres-
                                                                    sively since 2010 by offering easy online purchases of
           With a BCP Loan                                          digital prepaid cards, and this acquisition strengthens
                                                                    its diversified prepaid product offerings, especially
                                                                    in the gaming cards market. It is also part of the
                                                                    company's strategy to consolidate the digital prepaid
                                                                    payments market and expand its global leadership
                                                                    position, with plans for more acquisitions in the next
                                                                    year, Recharge added.

                                                                   APPOINTMENTS


                                                                    Nick Babinsky joins Solutions by Text

                                                                    Solutions by Text appointed Nick Babinsky as its
                                                                    chief product officer to lead product innovation and
                                                                    strategic direction. Babinsky has overseen product
                                                                    management teams that have scaled innovative ACH
                                                                    and card-based software solutions, while also orches-
                                                                    trating successful partnerships with global banking
                                                                    and fintech entities. Operating in private and public
                                                                    company leadership roles, he played a pivotal part
                                                                    in Billtrust's ascent as a leader in B2B payments, SBT
                                                                    stated. SBT added that Babinsky's leadership will help
                                                                    the company advance in the realm of frictionless pay-
                                                                    ments via text messaging.
                                                                    ACAMS elevates Mariah Gause

                                                                    ACAMS appointed Mariah Gause as interim chief
                                                                    executive  officer,  replacing  Scott  Liles,  who  is  step-
                                                                    ping  down  as  CEO.  Gause,  who  serves  as  the  com-
                                                                    pany's chief operating officer and a member of its
                                                                    board  of  directors,  brings  over  20  years  of  finance
                                                                    and business transformation experience to  ACAMS.
                                                                    She joined the organization in 2020 and has played a
                                                                    key role in its growth and initiatives, ACAMS stated,
                                       BOCA                         adding that it is a leading international membership
                                       CAPITAL                      organization focused on anti-financial crime educa-
                                                                    tion and best practices, with over 100,000 members
                                       PARTNERS                     across 180 jurisdictions.

                                                                    Donna Mansfield signs with Arteria AI
             Get a loan from $100,000 to                            Arteria AI, a provider of enterprise digital documen-

           $5,000,000 for your ISO today                            tation infrastructure, appointed Donna Mansfield as
                                                                    strategic account director. Mansfield, a former man-
                                                                    aging director at Goldman Sachs with almost three
                                                                    decades of experience, brings exceptional insights into
                                                                    the needs and pressures of today's financial institu-
                 Call Now: 844-531-4957                             tions, Arteria AI stated. In her new role, she will con-
               bocacapitalpartners.com                              tinue to build and foster client relationships, sharing
                                                                    their vision and serving as a partner and champion to
                                                                    ensure seamless integrations that meet their needs.

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