Redpin Holdings Limited Embarks on a New Strategy to Transform Residential Property Payments

Redpin Holdings Limited, the proprietor of popular international payment services Currencies Direct and TorFX, has unveiled a fresh strategy. The company aims to become a global leader in embedded software and payments for the residential property sector. The move comes after a £140 million strategic investment from Blackstone Tactical Opportunities.

Expansion Through Acquisitions

Redpin intends to extend its existing international payment network and services further. Part of its growth strategy includes acquiring select property technology companies worldwide. This will strengthen its position and influence in the international payments market.

New Leadership and Vision

Arnaud Loiseau, a seasoned executive with experience at WorldRemit (now Zepz) and King, has been appointed as CEO of the new group. Loiseau will be responsible for driving the new strategy, talent acquisition, and M&A transactions. He expressed his excitement about the potential to bring significant change to the residential property sector, which he described as a complex and fragmented ecosystem. Redpin aims to simplify this ecosystem by offering a seamless international payment experience.

Backing from Private Equity Investors

Senior Managing Director at Blackstone, Qasim Abbas, expressed confidence in Redpin’s new strategy. He noted the residential property market had historically been underserved, but with Blackstone’s support, Redpin will be able to attract top software and technology talent. Palamon Partner Ali Rahmatollahi and Corsair Partner Raja Hadji-Touma also expressed their delight in supporting Redpin’s new venture.

The company’s new strategy and leadership indicate an ambitious drive to transform the residential property sector. As Redpin leverages its market position built over the past 8 years, it is well-positioned to become a defining company in its category.