Today in FinTech: Flexiti announces new CFO, Trulioo expands to the Philippines

Several Canadian FinTechs have made announcements on the growth of their companies, expanding into new markets and announcing new leadership. Here’s the latest on these company updates.

Flexiti Financial appoints Joe Prodan as CFO

Toronto-based Flexiti Financial, a POS financing platform, has appointed Joe Prodan as its chief financial officer.

Prodan currently serves as a board member and chair of the audit committee at NamSys, which delivers SaaS solutions for the cash services industry. Before joining NamSys, Prodan served as a CFO at several organizations including Terago, Mobilicity, and Sirius Radio.

As Flexiti’s CFO, Prodan will oversee the financial aspects of the company including financial planning and analysis, financial reporting, and investor relations.

“Joe’s experience working with companies that have broken new ground within their respective markets will be a tremendous asset for Flexiti,” said Peter Kalen, founder and CEO of Flexiti. “As we continue to redefine the payments space in Canada, Joe’s insight and direction will be critical to our success. We look forward to welcoming him to our senior leadership team.”

Flexiti secured a $6.25 million investment in August 2017. The company also acquired $250 million of TD Financing Services’ Canadian private label credit card portfolio in June.

Trulioo expands ID verification product to the Philippines

Vancouver-based Trulioo announced it has extended its identity verification solutions to the Philippines through its GlobalGateway platform.

GlobalGateway is an identity verification platform that helps businesses automate their customer onboarding processes and comply with Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements. Specifically, the platform offers access to global data sources to verify the identities of consumers and businesses online.

Trulioo said it chose to offer its platform to customers in the Philippines as the country is a major recipient of remittances and faces several remittance fraud issues.

“The Philippines is a remittance hub,” said Stephen Ufford, CEO of Trulioo. “Having access to a global identity verification solution with comprehensive coverage safeguards against nefarious activities such as money laundering and fraud while helping to keep remittance costs low for senders and recipients.”

Trulioo expanded its ID verification product to South Korea in March 2017. The company was also among several Canadian FinTech companies that made CB Insights’ FinTech 250 list in June 2017.

Photo via Trulioo

Amira Zubairi

Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.