Latest news with #regtech
Zawya
26-05-2025
- Business
- Zawya
TeamSec welcomes distinguished finance leaders: Unified leadership, global ambition
TeamSec has appointed three distinguished executives to its Board of Directors, together bringing over 90 years of global experience: Former CEO of ICD Ayman Amin Sejiny, Rasmal Ventures Partner Alex Wiedmer and Neeraj Makin, the Senior Executive Vice President at Emirates NBD. TeamSec is an AI-powered next-generation fintech and regtech company offering solutions in capital optimization and working capital liquidity. Its services are delivered through a fully automated, end-to-end securitization and invoice financing platform. Rapidly becoming a key player in its industry, TeamSec is strengthening its leadership team with executives who have a proven track record on the global stage. In this new era, TeamSec strengthens its leadership with the appointment of Ayman Amin Sejiny as Vice Chairman and the addition of Alex Wiedmer and Neeraj Makin to the Board of Directors. Corporate and Investment Banking: Ayman Amin Sejiny having above 30 years of experience. Ayman Amin Sejiny brings more than 30 years of leadership in corporate and investment banking. He has served as CEO of Barclays Saudi Arabia, Ibdar Bank, Alkhair Bank (formerly Unicorn Investment Bank), and—most recently—the Islamic Corporation for the Development of the Private Sector (ICD), the private-sector arm of the Islamic Development Bank Group, which spans 55 member countries, maintains LOF relationships with 120 banks, and manages a portfolio of private-equity investments. Earlier in his career, Sejiny held corporate-banking roles at Citibank and the Saudi affiliate of ABN AMRO. Throughout these assignments, he has driven strategic growth and forged partnerships in e-commerce, cash-management, and cutting-edge fintech solutions. A Venture Capital Veteran with 25 Years of Experience: Alex Wiedmer Joining TeamSec's Board of Directors, Alex Wiedmer is recognized for his more than 25 years of venture capital experience across Europe, North America, and the MENA region. Currently a Partner and Director at Qatar-based Rasmal Ventures, Wiedmer was previously a long-time partner at Paris-based Iris Capital. During that time, he also served on the investment committee of STC Ventures, a pioneering VC fund in the Gulf region that achieved top decile returns. With a strong track record in venture capital and entrepreneurial finance, Wiedmer has made over 60 investments in more than 50 companies to date. A Strategist Shaping the Future of Banking: Neeraj Makin Another new addition to the Board of Directors is Neeraj Makin, who serves as Group Head of Strategy, Analytics and Venture Capital at Emirates NBD and is a member of the Executive Committee. Makin has shaped the bank's long-term growth strategies and led major acquisitions, including BNP Paribas Egypt and DenizBank in Turkey. He also spearheaded the bank's international expansion by securing branch licenses in Saudi Arabia and India. In addition, he leads the corporate VC fund that invests in advanced analytics centres and promising fintech start-ups. With a background at EY and McKinsey, Makin brings deep expertise in mergers, acquisitions, and business strategy. These appointments to TeamSec's corporate governance team will play a pivotal role in shaping the future infrastructure of capital markets and propelling the company to even greater heights.
Finextra
20-05-2025
- Business
- Finextra
Indian business banking fintech PaySprint banks first $1.2 million of $3 million Series A
PaySprint Private Limited, one of India's fastest-growing fintech and regtech companies, had set out to raise a total of $3 million USD, out of which $1.2 million USD in the first tranche, has been successfully raised. 0 The remaining ₹15 crore is expected to follow in the second tranche, further strengthening PaySprint's vision of building the digital infrastructure powering Bharat's financial future. 'This is not just a fundraise—it's a milestone moment,' said S Anand, Founder & CEO of PaySprint. 'We've gone from one product to powering end-to-end journeys for NBFCS, fintechs, platforms, and enterprises. With SprintNXT and our newly launched escrow stack, we're solving problems that used to take months and multiple vendors to fix—now done in days, under one roof.' A Journey From One Product to an Integrated Growth Platform PaySprint began in Dec'2020 with a singular mission: to simplify the back-end of business banking. Over time, that vision evolved into a full-scale financial ecosystem with platforms that now serve thousands of businesses across India. At the centre of this growth is SprintNXT, PaySprint's flagship Business Banking Switch, which powers: ● Connected banking platform ● Smart payouts and real-time collections ● Automated reconciliation ● Actionable financial insights SprintNXT has emerged as the go-to for enterprises seeking scalability, compliance, and smarter cash flow management. And alongside it, SprintVerify—PaySprint's comprehensive verification engine—has become the trusted backbone for onboarding, KYC/KYB, and identity checks across PAN, Aadhaar, RC, bank accounts, and more. Providing 120+ APIS, it plays a vital role in enabling businesses to verify with speed and confidence. Escrow, Reimagined: The Trust Layer for Bharat's Digital Economy Building on its robust foundation, PaySprint is now aiming high for the next frontier: Escrow Infrastructure. The company celebrated its fastest launch: • SprintEXcrow - A secure, compliant Escrow-as-a-Service platform for digital platforms, marketplaces, and lending ecosystems. • SprintEX-code - A physical and cloud-based software escrow platform, offering source code protection for regulated entities, ensuring compliance and business continuity. These offerings fill a long-standing trust gap in India's digital economy—bringing speed, security, and regulatory comfort into transactions from day one. 'This is how we see the future: interconnected platforms solving real problems, not fragmented tools stitched together,' added Anand. 'With SprintNXT, SprintVerify, and now our Escrow Stack, PaySprint is not just offering services—we're offering scale.' FY 25-26: A Roaring Start and a Smarter Future With this fundraise and momentum, PaySprint is setting the tone for FY 25-26. The fresh capital will be used to: • Deepen adoption of SprintNXT and Escrow Infrastructure • Expand AI capabilities for onboarding, fraud detection, and workflow automation • Build stronger banking and enterprise partnerships • Grow the product and engineering teams
