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IndustryUpdate

reflects a shared commitment to modernizing financial engineering, compliance and regulatory teams as it pre-
infrastructure, while U.S. Bank's Alberto Casas noted pares for a broader rollout.
it will help clients adopt embedded banking solutions
more easily and efficiently. APPOINTMENTS
Zip US, Stripe expand partnership
Ingenico welcomes Floris de Kort, bids
Zip expanded its partnership with Stripe, making its farewell to Laurent Blanchard
buy now, pay later installment option available to U.S.
merchants through Stripe's prebuilt checkout tools, Ingenico appointed Floris de Kort as its new CEO, suc-
including Elements, Checkout and Payment Links. The ceeding Laurent Blanchard, who is stepping down after
partners stated that merchants can activate Zip with a leading the company through its recent strategic trans-
no-code toggle in the Stripe Dashboard, enabling flexible formation. De Kort brings extensive payments-sector
payments without custom development. Zip assumes experience, including roles as CEO of global ecommerce
all repayment risk, allowing merchants to receive full at Worldpay, where he helped drive the company's suc-
payment upfront while offering customers installment cessful 2015 IPO; CEO of Xplor Technologies; and most
plans, which can increase conversion, order value, and recently CEO of cross-border payments network Thunes.
access to shoppers underserved by traditional credit, Known for scaling global payments and software busi-
they added. U.S. Zip CEO Joe Heck said the integration nesses, he is expected to accelerate Ingenico's next phase
strengthens Zip's growth strategy and expands its reach of growth and execution. Blanchard, who exits after
across Stripe's merchant base. The feature is live for U.S. redefining the company's mission and strengthening its
merchants processing in USD. market position, praised the team and wished Ingenico
continued success.
ACQUISITIONS Corpay appoints Matt Hanks

LegitScript acquires Kompliant Matt Hanks signed on with Corpay as vice president of
marketing for UK fleet, a newly created role aimed at
LegitScript acquired Kompliant in a move that combines driving brand growth and customer engagement across
two complementary strengths in merchant risk and com- Allstar, Keyfuels, The Fuelcard Company and Corpay
pliance automation. LegitScript, known for its deep risk Complete. Hanks brings more than 20 years of senior
intelligence and human-plus-AI monitoring across more marketing experience in financial services, SaaS and
than 60 high-risk categories, will integrate Kompliant's mobility, including global leadership roles at Basware,
automated onboarding and full-lifecycle compliance where he led demand generation across Europe, North
platform used by banks and payments providers. The America and APAC, and twice served as acting UK
combined solution is designed to replace slow, frag- General Manager. He has also worked as a strategic B2B
mented underwriting workflows with real-time, data- marketing consultant and previously built award-win-
driven decisioning, reducing merchant onboarding time ning programs for major brands such as HP, Salesforce
while improving risk visibility. LegitScript CEO Scott and O2. Hanks said his priority will be strengthening
Roth said the deal "redefines how payments compa- market visibility and helping UK businesses gain greater
nies manage risk at scale," while Kompliant CEO Leo control over payments.
Patching said the integration will turn compliance into
a growth driver through faster conversion, lower costs Matt Schurk joins Recurly
and global reach.
Recurly appointed Matt Schurk as its new chief revenue
Loon raises $3 million, acquires CADC Stablecoin officer, bringing more than two decades of experience
leading high-growth SaaS and technology organizations.
Loon, a Canadian stablecoin startup, raised $3 million Schurk most recently served as CRO at Auctane and is
CAD in pre-seed funding to develop a fully regulated, known for building high-performing, customer-focused
Canadian-dollar-backed stablecoin. The round was led sales teams that consistently scale revenue and drive
by Version One Ventures with support from Garage market expansion. Recurly CEO Joe Rohrlich praised
Capital and strategic Canadian investors. Loon also Schurk's leadership style, calling him a proven motiva-
acquired CADC, a stablecoin launched in 2021 by Paytrie tor with a track record of delivering measurable results
that has already processed over $200 million in transac- and strengthening customer relationships. Schurk said
tions, and will take over as its new issuer. he was drawn to Recurly's momentum and vision for
the subscription economy and looks forward to acceler-
Loon aims to give Canada a domestically regulated digi- ating global growth and deepening value for enterprise
tal dollar alternative to U.S.-based stablecoins, improv- clients.
ing sovereignty, payments efficiency and on-chain set-
tlement in CAD. Loon has pre-filed a prospectus with
the Alberta Securities Commission and is expanding its
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