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IndustrtyUpdate

reportedly processed over $28 billion for more than 137,000 merchants in Inc. "Albert brings more than two
2017. Last year, Paysafe acquired U.S.-based Merchants Choice Payment decades of fintech expertise, which
Solutions. Pending final regulatory approvals, the acquisition is expected to is critical to our company today as
be completed in Q2 2018. Paysafe Payment Processing North America CEO the leader in cannabis fintech," said
Todd Linden will lead the merged organization. Ken Berke, President of PayQwick.

Square to acquire Weebly, buys Zesty Mangaru joins NAB team

Square Inc. completed the acquisition of certain assets of Zesty's catering North American Bancard Holdings
platform, which according to Square will enable its food ordering platform, LLC appointed Zavida Mangaru as
Caviar, to scale its Caviar for Teams corporate ordering business. Terms of Executive Vice President, Product
the agreement were not disclosed. Separately, Square entered a definitive and Marketing. She previously led
agreement to acquire Weebly Inc. for approximately $365 million in cash and product and strategy development
stock. Weebly's technology offers tools for building professional websites and at Mastercard, and most recently
online stores. served as Head of Product for Total
Merchant Services. "I'm pleased to
APPOINTMENTS welcome Zavida to North American
Bancard's leadership team as we
renew our commitment to advanc-
Acevedo appointed CFO at PayQwick ing our diverse suite of products
and services," said Marc Gardner,
PayQwick, a payment processor targeting licensed cannabis businesses, President and CEO of NAB.
named payments veteran Albert Acevedo as Chief Financial Officer. Prior
to his new role, Acevedo served as Finance Director at PayPal and Vice Schmidt lands at Payscape
President, Corporate Treasurer and Finance for Blackhawk Network Holdings
Atlanta-based fintech firm Payscape
appointed a recent graduate from
its Manager Candidate Program,
Kelly Schmidt, to serve as Sales
Development Leader in Paysafe's
St. Louis office. Schmidt will be
responsible for growing a team of
local consultants to advise St. Louis
area businesses on financial technol-
ogy and merchant service options.
A University of Wisconsin-Stevens
Point graduate, Schmidt brings 14
years experience to her new role.

Thimot new CEO at Socure

Socure, a provider of predictive
analytics for digital identity verifi-
cation, appointed Tom Thimot as
CEO. Company founder and origi-
nal CEO Sunil Madhu will focus on
platform innovation and work with
Thimot on new market opportuni-
ties as Socure's new Chief Strategy
Officer. Most recently, Thimot
served as CEO of data analytics
consultancy Clarity Insights.

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