Redpin launches with new strategy and £140m in funding

Redpin’s New Strategy and Funding:
- UK-based Redpin Holdings, operator of Currencies Direct and TorFX, launches a new strategy.
- Secured £140 million in funding from Blackstone, Palamon, and Corsair.
Leadership and Vision:
- Arnaud Loiseau, former international CEO of WorldRemit, appointed as Redpin’s CEO.
- Loiseau aims to lead the new strategy, drive talent acquisition, and conduct global mergers and acquisitions in property technology.
Focus on Residential Property Market:
- Redpin targets the residential property market.
- Aims to streamline the complex and fragmented ecosystem with a seamless SaaS and international payment experience.
Integration Across Ecosystem:
- Plans to connect consumers and businesses in the property sector, including legal service firms, title companies, estate agents, and property managers.
Global Disruption:
- Loiseau sees the residential property sector as a “huge market ripe for disruption.”
- Emphasis on overdue change and Redpin’s role in connecting the dots globally.