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IndustryUpdate

ACQUISITIONS agement, Tribe noted. Jo Lawrence, who joined Tribe as
head of customer success, has over 20 years of experience
in payments, risk and fraud prevention. Her background
Flywire acquires Invoiced includes senior roles at Mastercard and Barclaycard

Flywire Corp., a global payments enablement and soft- Merchant Services.
ware company, acquired Invoiced, an SaaS platform Future FinTech appoints Hu Li
that automates the order-to-cash process for B2B finance
teams. This acquisition aims to enhance Flywire’s B2B Future Fintech Group Inc. selected Hu Li as its chief
payments business by expanding its software suite executive officer, president and a member of its board
and reinforcing its commitment to the B2B segment, of directors. Li, who replaced Shanchun Huang, brings
which handles around $10 trillion in global payment a wealth of experience to his new role, having served as
volume, Flywire stated. Invoiced’s platform automates CEO of FTFT International Securities and Futures Ltd.
accounts receivable processes through deep integrations since January 2024 and as corporate secretary of Future
with leading accounting systems, and the combination Fintech since 2019. He has also held leadership posi-
of Invoiced’s A/R automation software with Flywire’s tions at Shineco Inc. and Anhui Yihai Mining Equipment
global payment network will provide a comprehensive Co. Ltd. Li has been with Future Fintech for five years,
solution that streamlines workflows for finance depart- playing a key role in the company's transition into a
ments, Flywire added. diversified fintech enterprise. As CEO, Li is committed
to driving the company's global strategic growth, lever-
Nuvei to acquire licensed aging his experience to achieve sustainable development
Payment Institution in Brazil and benefit customers, employees and shareholders
worldwide.
Nuvei Corp., a Canadian fintech company, agreed
to acquire Pay2All Instituição de Pagamento Ltda., a B2B expert Robert West joins Fortis
licensed Payment Institution in Brazil, authorized by
the Central Bank of Brazil. This acquisition will enable Fortis, a provider of payments technology for software
Nuvei to expand its capabilities in the Brazilian market providers and scaling businesses, appointed Robert
and strengthen its commitment to the Latin American West as executive vice president of B2B. Previously with
region, Nuvei stated, adding that with the Payment EBizCharge and OnPay Solutions, West brings nearly
Institution license, Nuvei can offer comprehensive pay- a decade of experience in scaling accounts receivable
ment services in Brazil, including processing PIX trans- and accounts payable payments businesses, particularly
actions and managing e-wallets and betting accounts. through partnerships.
This license is crucial for providing services in Brazil's
newly regulated sports betting and online gaming mar- At Fortis, he will lead the company's B2B expansion
ket, which is projected to grow significantly, Nuvei said, strategy, building on its success in the ERP ecosystem,
noting that this acquisition positions it as a key payment where Fortis integrates with platforms like NetSuite,
partner in Brazil's igaming and ecommerce sectors. Sage and QuickBooks. Fortis CEO Greg Cohen high-
lighted West's expertise in building partnerships and
APPOINTMENTS high-performing teams as key to driving the company's
B2B growth.
Tribe Payments expands executive team

Tribe Payments strengthened its leadership team with Also find us on Facebook,
key appointments to support its rapid expansion. Guy LinkedIn & Twitter for the
Houghton joined the company as chief revenue officer, most up-to-date stories,
bringing over 30 years of experience in commercial lead-
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fintech markets. Previously, he led business transforma- industry announcements.
tion at Thredd and spent 15 years at First Data (now part
of Fiserv), where he expanded issuer processing across
EMEA. His expertise includes market entry, strategic
sales, and M&A.

Additionally, Dusty Miller was appointed head of
European sales, bringing a strong track record in win- https://www.facebook.com/TheGreenSheetInc
ning major accounts and leading sales teams in the https://www.linkedin.com/company/the-green-sheet
payments industry. Known for his dynamic approach,
Miller excels in strategic negotiation and portfolio man- https://twitter.com/The_Green_Sheet

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