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His planned exit follows that of the deputy CEO Noah Sharp in June. Source
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“I hired Noah as my deputy to help scale the business, focussing on integrating and expanding what would have been our German bank acquisition - Sutor Bank,” said Oliver von Landsberg-Sadie, CEO of BCB Group. “In light of the shift in the current banking and regulatory environment and the decision
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The payments processor also cited crypto market conditions as a reason for the exit. Source
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The key differences between BLINC and SEN is that the former is multicurrency and isn’t tied to a single credit institution, such as a Silvergate or Signature Bank, Landsberg-Sadie said. It was not designed to take deposits, he added, having been purpose built as a payment institution, providing onramps to
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BCB, based in London, is a banking partner for investors in foreign exchange and crypto, allowing them to load fiat currency and cryptocurrencies for payments, operations and trading purposes. Talos’ end-to-end trading platform offers market connectivity, smart order routing and execution algorithms. Original Source
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Sharp is based in London and will be reporting to Oliver von Landsberg-Sadie, founder and CEO of BCB, the company said in the statement. “We have appointed Noah at a time where the international scaling of the business needs a seasoned expert with an extensive track record in banking and
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In the case of the LAB577 acquisition, it’s all about blockchain engineering chops: the startup’s leader, Richard Crook, will become BCB, chief operating officer, while his engineering lead Farzad “Fuzz” Pezeshkpour becomes the CTO of BCB Group. Source
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The round was co-led by Foundation Capital with participation from BACKED VC, PayU (the e-payments business of Prosus), Digital Currency Group, Nexo, Wintermute, Menai Financial Group, Circle, Tokentus Investment, Cowa, Profluent Ventures and LAUNCHub Ventures. Source
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BCB Group, the crypto-dedicated payments services provider, has acquired fintech-focused Sutor Bank, gaining control of a German bank to drive its expansion in the European Union.Terms of the deal, which requires approval from the German regulator, BaFin, were not disclosed. BCB said it expects the transaction to be cleared by
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