Redpin launches with new strategy and £140m in funding
UK-based Redpin Holdings, which operates Currencies Direct and TorFX, has launched with a new strategy to offer payments and embedded software to the residential property market.
Redpin launches with new strategy and £140m in funding
The launch follows a previous £140 million strategic investment that Redpin received from Blackstone, Palamon and Corsair, while its two existing consumer-facing brands will continue operations under the new Redpin group umbrella.
Arnaud Loiseau, who previously served as international CEO of WorldRemit (now Zepz) and vice president at King, has been appointed as CEO of the new group, where he has been tasked with leading the new strategy, drive talent acquisition and carry out mergers and acquisitions of property technology companies globally.
Describing it as a “huge market ripe for disruption”, Loiseau says: “The residential property sector is home to life’s most important payments but also the most frighteningly complex and fragmented ecosystem in the world.
“Change is long overdue, and Redpin plans to connect the dots for consumers and businesses across the ecosystem – from legal service firms, title companies and estate agents to property managers – by providing a seamless SaaS and international payment experience.”
