The company is targeting financial institutions across North America, Latin America, Europe, and MENA.
It reportedly processed over $20 billion in transactions last year and now serves more than one million active users.
Purpleplum, originally established in
India, has officially restructured as a U.S.-based company in a bid for global
scale, product innovation, and broader capital access.
According to the company, the move aims to align with growing demand
from financial institutions across North America, Latin America, Europe, and
MENA. With a modular, AI-enabled digital banking stack, Purpleplum plans to
deepen its international footprint while preparing for a capital raise aimed at
speeding up product development and expanding its local teams and partner
ecosystem.
Scaling and Global Reach
The company has reportedly integrated with Zenus Bank,
Tuum, and a growing network of banks. Zenus Bank reportedly leverages core
banking technology from Tuum and digital front-end solutions from Purpleplum. The bank offers embedded accounts, virtual cards, and
cross-border payments to financial institutions worldwide.
Purpleplum’s platform supports a range of use cases, from
virtual IBANs and card issuance to omnichannel digital banking apps. Its
technology reportedly processed more than $20 billion in transactions in 2024
and now supports over one million active users.
The company offers more than 70 modular components and
450 APIs, positioning it as a highly customizable platform for financial
institutions of all sizes.
“Transitioning to a U.S.-based company is more than a
structural change; it’s a strategic move to meet the rising demand from
financial institutions seeking next-generation digital infrastructure,” commented
Kalyan Karteek, the Co-Founder of Purpleplum.
Kalyan Karteek, Source: LinkedIn
“This transformation enables us to attract strategic
investors, scale our teams locally, and deepen our footprint across high-growth
financial markets,” he explained.
Capital Raise Market Expansion
Purpleplum is now preparing to raise new funds to
scale its onboarding capabilities, expand its regional teams, and enhance its
partnerships with card issuers and core processors.
The upcoming investment
round aims to reduce the friction financial institutions often face when
launching new services, while helping Purpleplum add new capabilities to its
modular banking stack.
To support its growth, Purpleplum has appointed
fintech veteran Tigran Tovmasyan to lead sales and strategic partnerships
across its key markets. Tovmasyan’s appointment is part of a broader effort to
solidify the company’s leadership team as it accelerates into high-growth
regions.
Purpleplum, originally established in
India, has officially restructured as a U.S.-based company in a bid for global
scale, product innovation, and broader capital access.
According to the company, the move aims to align with growing demand
from financial institutions across North America, Latin America, Europe, and
MENA. With a modular, AI-enabled digital banking stack, Purpleplum plans to
deepen its international footprint while preparing for a capital raise aimed at
speeding up product development and expanding its local teams and partner
ecosystem.
Scaling and Global Reach
The company has reportedly integrated with Zenus Bank,
Tuum, and a growing network of banks. Zenus Bank reportedly leverages core
banking technology from Tuum and digital front-end solutions from Purpleplum. The bank offers embedded accounts, virtual cards, and
cross-border payments to financial institutions worldwide.
Purpleplum’s platform supports a range of use cases, from
virtual IBANs and card issuance to omnichannel digital banking apps. Its
technology reportedly processed more than $20 billion in transactions in 2024
and now supports over one million active users.
The company offers more than 70 modular components and
450 APIs, positioning it as a highly customizable platform for financial
institutions of all sizes.
“Transitioning to a U.S.-based company is more than a
structural change; it’s a strategic move to meet the rising demand from
financial institutions seeking next-generation digital infrastructure,” commented
Kalyan Karteek, the Co-Founder of Purpleplum.
Kalyan Karteek, Source: LinkedIn
“This transformation enables us to attract strategic
investors, scale our teams locally, and deepen our footprint across high-growth
financial markets,” he explained.
Capital Raise Market Expansion
Purpleplum is now preparing to raise new funds to
scale its onboarding capabilities, expand its regional teams, and enhance its
partnerships with card issuers and core processors.
The upcoming investment
round aims to reduce the friction financial institutions often face when
launching new services, while helping Purpleplum add new capabilities to its
modular banking stack.
To support its growth, Purpleplum has appointed
fintech veteran Tigran Tovmasyan to lead sales and strategic partnerships
across its key markets. Tovmasyan’s appointment is part of a broader effort to
solidify the company’s leadership team as it accelerates into high-growth
regions.
United Fintech Scores Sixth Backer Days After Barclays Deal
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
