Nubank appoints Youssef Lahrech, current COO, as its new President; & more!

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NEWS HIGHLIGHT

Nubank appoints Youssef Lahrech, current COO, as its new President, reporting to Co-Founder and CEO David Vélez. Co-founder Cristina Junqueira was appointed Chief Growth Officer, spearheading Nubank's expansion across Brazil, Mexico, and Colombia. Link here.

FINTECH NEWS

#apac

• Stripe is growing its APAC footprint. CEO Patrick Collison noted the economic dynamism of Asia and expects the region to become a driver of innovation in the next two decades. Stripe currently has a presence in several Asia-Pacific markets. Link here


• Grapple announced a faster path to funding for Aussie SMEs customers through a partnership with Envestnet | Yodlee, a leading data aggregation and analytics platform for financial services. Link here


• Openpay closed its Share Purchase Plan. After it received over AUD 5.863 million from eligible applications submitted from shareholders. The first plan was to raise AUD 2 million. Link here


• Meta Platforms Inc. invested in Take App, a Singaporean startup founded by Youmin Kim. A new product that aims to bridge the digital gap for small-business owners in Southeast Asia. Link here