Today In Payments Around The World: Limonetik Teams With Utily.fr On Payments; FairMoney Names New Chief Product Officer
In today’s top payments news around the world, Utily.fr is working with Limonetik to grow payment options, while goPuff might be about to buy U.K.-based Fancy Delivery. Plus, FairMoney has named Rohan Khara as the company’s news chief product officer.
Utily.fr is working with Limonetik, the payments and market solutions company, and its partner FLOA to help implement a multi-installment payment offering for individuals looking to move. FLOA is a French upstart working in omnichannel payment. Buy now, pay later (BNPL) services have seen more popularity in the last year.
goPuff, the delivery company that works its own network to provide convenience store products in an Uber-like fashion, might be about to purchase Britain-based Fancy Delivery. Fancy was rolled out late in 2020 as a model like goPuff, providing delivery services for products like alcohol, baby food and over-the-counter pharmaceuticals. Reports indicate that Fancy will keep running under its own brand if the deal takes place.
FairMoney named Rohan Khara — formerly head of Product at Gojek — as its new chief product officer. FairMoney, which offers financial services to clients in India and Nigeria, said in a press release that the executive has been tasked with “driving product innovation as FairMoney continues its expansion into more emerging markets.” Khara received a master’s degree in management science and engineering from Stanford University. FairMoney was established in France in 2017.
Deliveroo, the U.K.-based food-delivery service, could reportedly start the process of floating shares for public purchase as soon as March 8. Deliveroo’s market capitalization could reportedly reach $10.4 billion. A half-dozen investment banks have been hired by the firm. Will Shu established Deliveroo in the U.K. in 2013. In January, Deliveroo announced a fundraising round it said valued the firm at $7 billion.