German fintech Monite is an API-first embedded finance company for B2B platforms to provide hassle-free finance automation for their clients. The firm has just newly included three new members to the executive team as part of its growth commitments. Monite plans to expand its footprint in the EU and UK while also expanding into the US market and beyond. . Sophie Haagensen joins the team as Chief of Staff, she brings with her experience as COO at KodyPay and she was also part of the founding team at retail bank Atom Bank. “I am hugely impressed by the talent and passion of the team, as well as the genuine commitment to building a positive and productive culture - something that, in my experience, sets great companies apart from the competition,” says Haagensen. . Also joining the team is Chief Product Officer Dan Osburn who most recently held the position of VP of product at Marqeta and brings with him over fifteen years experience in product and engineering roles in the fintech space, including Marqeta’s growth from a $20 million start-up into a $12 billion public company

UK-based payment platform KodyPay has partnered with Adyen to gain access to enterprise grade financial technology via Adyen.

Adyen (ADYEN:AMS), the global financial technology platform of choice for leading businesses, has today announced that it has partnered with KodyPay, the fully integrated ordering and payment platform for businesses. Adyen’s financial technology will support the growth of hospitality businesses by powering seamless payments, data analytics and frictionless finance.KodyPay is an aggregated ordering and payments system built to create a better experience for customers beginning with restaurants, cafes and takeaways. Inspired by the point-of-sale frustrations experienced from school canteens, the platform brings together fragmented payments that can be difficult to manage, aggregating multiple tools for ease of the end-user.This partnership builds upon existing work between the two firms following the trial of a QR code system launched in October 2021. Thanks to the match of commercial strategy and technical development, this has flourished into an extended integration.This has since enabled KodyPay to exceed US$100M annualised gross payment volume in only 5 months. A particular area of focus for Adyen and KodyPay’s next chapter includes improving access to financing for small businesses, with Adyen’s newly-launched embedded financial products.Following today’s announcement, hospitality businesses using the KodyPay platform will now be able to:Manage financing and apply for loans. Launched in October this year, Adyen’s embedded financial products enable platforms to offer financing to their customers in minutes, based on historic payment data