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Gala Gil

Head of Partnerships at Triple

Gala Gil is a seasoned professional with a diverse background in technology entrepreneurship, finance, and management. She currently holds a key position as the Head of Partnerships at Triple, a platform dedicated to empowering developers in shaping the future of finance through payment data. Prior to her current role, Gala served as an Investment Manager at Demium and ventured into the startup world as the CEO and co-founder of YellowFinch, a tech startup based in Silicon Valley. Gala's academic journey includes studying Technology and Innovation at Stanford University and Management at the London School of Economics and Political Science (LSE).

Highlights

Mar 8 · linkedin

#Banking News of the Week 🏦 📰

🔴 Nationwide Building Society in Talks to Take Over Virgin Money for £2.9 Billion The UK's largest building society, Nationwide Building Society, is in the process of acquiring Virgin Money in a £2.9 billion deal. This move would create a financial giant with a combined £366.3 billion in assets and solidify Nationwide's position as the second-largest provider of mortgages and savings in the country. While Virgin Money will continue to operate as a separate entity in the short term, Nationwide Building Society plans to phase out the brand entirely within six years of the deal's completion. Virgin Money shareholders will have the final say, with a vote expected before April 4th.

🔴 Fiserv Emerges as Potential Buyer for Payments Processor Shift4 Payments Fintech giant Fiserv is reportedly a leading contender to acquire Shift4 Payments, a Pennsylvania-based firm valued at around $7 billion. Final bids are expected in the coming weeks, but the deal isn't guaranteed. Shift4 processes over $200 billion in transactions annually and boasts a client base exceeding 200,000 merchants across North America, Europe, and Japan.

🔴 New York Community Bank (NYCB) Secures $1 Billion Capital Injection Following a $2.7 billion loss in Q4 2023, NYCB, the parent company of Flagstar Bank, is receiving a much-needed financial boost. A group of investors, including Liberty Strategic Capital, Hudson Bay Capital Partners, and Reverence Capital Partners, will inject a total of $1.05 billion in equity capital. Additionally, NYCB has appointed new board members, including former US Treasury Secretary Steven Mnuchin, who will serve as the company's new CEO.

🔴 Metro Bank (UK) Recruits Banking Veteran Mark Page as New CFO Metro Bank has appointed Marc Page, previously CFO of Barclays-acquired Kensington Mortgages, as its new Chief Financial Officer. Page's experience spans various leadership roles at Barclays, Lloyds Banking Group, and Bank of Scotland. This move comes after Metro Bank (UK) Bank secured a £925 million refinancing plan to bolster its financial standing.

#payments #digitalbanking #mobilebanking

Mar 5 · linkedin

#Fintech Funding: Monzo Bank zooms past $5 billion valuation with $430 million funding round 💰

This news comes after a great year for Monzo, which saw them: 🔸 Acquire 2 million new customers 🔸 Onboard 400,000 business customers 🔸 Generate a revenue of $450 million (a 130% YoY increase)

This latest funding round, led by CapitalG (the independent growth fund of Google's parent company Alphabet Inc.), will fuel Monzo's ambitious growth plans, including: 🔹 Expanding their product offerings, with a recent foray into insurance and a renewed push into the US market 🔹 Investing in their "rich product roadmap" to further enhance the customer experience

🗣 TS Anil, CEO of Monzo Bank, said: "This new funding provides the rocket fuel to go after our ambitions harder and faster...now we'll scale to even greater heights and seize the huge opportunity ahead."

#digitalbanking #payments #mobilebanking

Gala Gil
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Location

London, England, United Kingdom