Gabriele Sabbatini notes that, even in an age of instant communication, moving money around the globe is often slow and expensive. That's why he started Hercle, a firm that uses stablecoin technology to make global transactions more efficient. On Wednesday, Hercle announced it has raised $10 million in an equity round led by F-Prime, a global venture capital firm. It also raised a $50 million credit facility to support global expansion. Sabbatini declined to disclose Hercle's valuation.
Seun Sodipo is the new chief financial officer at Plaid, a fintech startup that connects financial institutions. Sodipo brings a seasoned background in guiding high-growth businesses through strategic transformation and scaling. Seun Sodipo, CFO of Plaid Previously, Sodipo served as CFO at Glossier, where she led the company's evolution from a direct-to-consumer pioneer to a fast-growing omnichannel beauty brand across North America and Europe.