Tuesday , April 16, 2024

Circle Calls Off Concord Deal And Other Digital Transactions News briefs from 12/5/22

      • Digital-currency platform Circle Internet Financial Corp. said it and Concord Acquisition Corp. have agreed to terminate a merger the companies had agreed to in July 2021 and amended in February. Nine-year-old Circle posted its first profit in the third quarter, with net income of $43 million.
      • A 2-year-old U.K.-based e-commerce payments provider called Wamo said it is now working with the commerce platform Shopify. Wamo has more than 3,000 clients in 30 countries.
      • Payments provider i2c Inc. named three individuals to executive positions with the company: David Kozal as chief financial officer, Christine Alemany as chief marketing officer, and Jay Bart as chief human resources officer.

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