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- Finmo Secures UK License 🇬🇧
Finmo Secures UK License 🇬🇧
(aka real-time money zoomies)
Welcome to Fintech Wire — your quick guide to what’s shaping finance and tech today.
What we’ll cover today:
Why PPRO’s new CFO could be a global payments game-changer
How Finmo (backed by PayPal) is coming for UK market share
The licensing wave no one’s talking about
UK paytech company PPRO just hired Michelle Eischeid, former FIS exec, as their new CFO to lead global finance ops.
🚨Breaking News:
Michelle Eischeid replaces former CFO Rahul Raswant to steer PPRO’s financial strategy as the company expands across 85+ countries.
⚡Wire Simplified:
PPRO helps merchants manage local payments in 85+ global markets
Michelle was previously interim CFO at Planet and held major roles at FIS and Worldpay
Her new job? Handle financial planning, ops, and investor relations
PPRO wants to grow fast, especially in the Americas and Asia
The CFO seat has been a game of musical chairs lately
✔️Straight to the Point:
New CFO, new energy. PPRO is clearly gearing up for global growth, and Michelle’s deep payment roots might be the rocket fuel.
🎤 Do leadership changes actually change anything? |
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Finmo, a PayPal-backed treasury platform from Singapore, just got a greenlight to operate in the UK as an EMI.
🚨Breaking News:
Finmo grabs FCA’s EMI license to launch payment services, GBP accounts, and Faster Payments access in the UK.
⚡Wire Simplified:
Finmo can now issue e-money and provide cross-border payments in the UK
They'll integrate with Faster Payments and CHAPS (aka real-time money zoomies)
They’re building a UK compliance and ops team for local service
Targeting mid-market and international companies with complex needs
Already licensed in 5 countries with backing from PayPal, Citi, and Quona
✔️Straight to the Point:
Finmo is making serious moves in the UK market. With big backers and new permissions, they are not here to play small.
“Robinhood has 9 products that produce over $100M in revenue.”
“50% of Robinhood code created today is created with AI”.
“Tokenisation is the biggest innovation in finance in over a decade”.
@vladtenev@RobinhoodApp insanely brilliant show dropping on Monday 👇
— Harry Stebbings (@HarryStebbings)
5:17 PM • Jul 9, 2025
I'm so, so bullish on Google. Investing all of my money into them.
Firmly believe they're going to win the AI race over the next 5 years
— Alex Cohen (@anothercohen)
4:38 PM • Jul 9, 2025
Singapore FinTech Festival 2025
The Singapore FinTech Festival is one of the world's largest FinTech events, bringing together industry leaders, startups, and investors to discuss the future of financial technology. The event features conferences, exhibitions, and networking opportunities.
Date: November 9–13, 2025 | Location: Singapore
APAC FinTech Forum 2025
This event dives into the FinTech ecosystem in the Asia-Pacific region, covering trends, regulations, and innovations.
Date: August 2025 | Location: Sydney, Australia
FinovateFall 2025
FinovateFall is a leading FinTech conference that showcases cutting-edge banking and financial technology through short-form demos and expert insights. The event also includes the Finovate Awards, recognizing companies driving FinTech innovation forward.
Date: September 8–10, 2025 | Location: New York, NY, USA
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