Redpin Holdings Limited, owner of global digital international payment services to private clients and small and midsize enterprise currencies Direct and TorFX has launched following aa £140 million strategic investment from Blackstone Tactical Opportunities. Redpin said that it is implementing a new strategy to become the market leader in embedded software and payments for residential property.
The new strategy follows Redpin plans to continue investing in its existing international payment network and services as well as grow through select acquisitions of property technology companies globally.
Arnaud Loiseau, formerly international CEO of WorldRemit (now Zepz) and vice president at King, has been appointed as CEO of the new group to drive the new strategy, talent acquisition and M&A transactions.
“The residential property sector is home to life’s most important payments but also the most frighteningly complex and fragmented ecosystem in the world,” Loiseau said. “Change is long overdue, and Redpin plans to connect the dots for consumers and businesses across the ecosystem — from legal service firms, title companies and estate agents to property managers — by providing a seamless SaaS and international payment experience.”
A scale-up with significant backing and established consumer-facing brands garnering industry-leading Trustpilot scores, Redpin operates a global payment network that serves customers and SMEs in over 235 territories across over 1,800 currency pairs, transacting more than $12.6 billion in the last financial year. Headquartered in London, the company employs over 800 colleagues operating across the UK, EU, USA, South Africa, Australia, New Zealand and India.
Through acquisitions, new partnerships and new product development, Redpin plans to scale its offering beyond its existing international payment and industry-leading customer service to include best-of-breed vertical software services to legal service firms, title companies, property managers, escrow and estate agents.
