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IndustryUpdate

The company added that it serves major financial sector APPOINTMENTS
clients, including top payment processors and banks.
With over 450 professionals, Blankfactor is focused on
bringing expertise in cloud technologies and digital Sergi Herrero the new CEO at Mangopay
execution. Mangopay appointed Sergi Herrero as its new chief
executive officer, succeeding Romain Mazeries. Herrero
This acquisition is expected to strengthen Globant's brings extensive experience as a fintech industry leader,
Payments Studio in North America as financial services having previously served as global director for pay-
undergo significant transformation. ments and commerce partnerships at Meta, where he
i3 Verticals completes sale of launched its payment capabilities. He also held senior
roles at Square, BNP Paribas, and was co-CEO of VEON.
merchant services business Herrero is recognized for his results-driven leadership

i3 Verticals Inc. completed the sale of its merchant servic- and payments expertise. Mazeries, who led Mangopay
es business, including proprietary technology, to Payroc for six years, remains on the board and will continue
WorldAccess LLC for approximately $438 million. This contributing to the company's growth. Herrero aims to
transaction allows i3 Verticals to focus exclusively on its drive Mangopay’s growth and innovation in the plat-
public sector and healthcare verticals, i3 Verticals stated. form economy.
Payroc CEO Jim Oberman expressed enthusiasm for the Papaya Global heralds executive
acquisition and for welcoming i3's team.
promotion, new hires
Additionally, i3 Verticals announced leadership chang- Papaya Global promoted Liran Lotker to senior vice
es: Geoff Smith was appointed as chief financial officer, president of operations, recognizing his leadership in
while former CFO Clay Whitson transitioned to chief advancing the company's technology during his 18
strategy officer, focusing on capital allocation, M&A and months as the company's vice president of engineering.
investor relations. In his new role, Lotker will drive operational efficiency
and scalability. Additionally, Papaya appointed three

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