BankiFi Hires Danny Piangerelli as CTO to Enhance North America Offerings

BankiFi, a fintech providing embedded banking solutions, has hired Danny Piangerelli as its Chief Technology Officer, who will play a crucial role in enhancing the company’s solutions for the North American markets.

Announced on Thursday, Piangerelli is going to oversee all aspects of technology developments in the company. Additionally, he will be responsible for creating policies and procedures that utilize technology, specifically for its solutions for the North American markets.

BankiFi targets small and medium-sized businesses with integrated services like accounting, invoicing and payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term. It is aiming to onboard over 2 million merchants on its platform by 2024.

On top of that, the hiring came with BankiFi’s expansion in North America. Moreover, it closed a strategic growth funding round Funding Round Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Read this Term, receiving $4.8 million from existing stakeholders for expansion in the US and Canada.

“As we’re hoping to grow our business, we’re also striving to make our services better. The nature of our business means that we must be constantly innovating, and we think Danny is the perfect leader for that job,” said Keith Riddle, the CEO of BankiFi Americas.

A Technology Expert

Piangerelli is a technology expert, bringing more than 25 years of experience to his role at BankiFi. He joined from Sensibill, where he has been the CTO for the last couple of years. Also, he co-founded Malauzai Software in 2010 and served as its CTO, until the company was acquired by Finastra in 2018. Moreover, he worked for Finastra as its Chief Architect for North American community market business.

He started his career in 1997 and worked in companies like Answer Financial, S1 Corporation and Dell Technologies.

Commenting on BankiFi’s services, Piangerelli said: “BankiFi’s embedded banking technology has proven to be highly effective at providing comprehensive open cash management for small businesses. By partnering with trusted financial institutions, BankiFi enables straightforward payments to and from anywhere.”