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Companies on the Move


Karmic Secures $17.2 Million in Series B Financing, Adds Board Members

Pay Award-winning Karmic, which offers an integrated payment and expense management solution, has raised $17.2 million in a Series B round of financing. Wei Hopeman and Jim Whims have joined its board of directors.


Episode Six Opens Tokyo Office, Hires Industry Veteran Oko Okamoto

Payments software technology provider, Episode Six is opening an office in Tokyo to meet “the growing demand” for fintech solutions in Asia. The company also announced that payments and finance industry veteran, Oko Okamoto, will oversee Episode Six’s new Tokyo office as general manager.


Company on the Move: Canadian Prepaid Group Welcomes New Members

The 2-year-old Canadian Prepaid Providers Organization has welcomed three new members and added an annual CPPO Prepaid Symposium to further its mission of supporting the fast-growing prepaid industry in Canada.


Company on the Move: Cardtek, OSPT Alliance

Payment solutions provider Cardtek has joined the OSPT Alliance, a global association chartered to help the transit, mobile and loyalty markets move toward an open infrastructure for fare collections.

People on the Move


John Badovinac Joins iPayment

iPayment Inc., a payments processor that specializes in small and medium-size businesses, has hired industry veteran John Badovinac to serving as vice president, integrated payments.


People on the Move: John D. Orr, FutureVault

FutureVault, a personal and business information management company based in Toronto, has named banking executive, lawyer, entrepreneur and investment professional John D. Orr as CEO. Orr also has made a significant personal investment in the company for a material ownership position.


People on the Move: David Baker, Enacomm

Enacomm Inc., which provides customer authentication and customer service technology, has hired David Baker as vice president of sales, financial services.


People on the Move: Kim Sergent, InComm

Kim Sergent has joined InComm as vice president of marketing for its Financial Services division, where she will lead the marketing strategy of InComm’s consumer-facing Vanilla brand, which produces prepaid consumer products that include Vanilla Gift and MyVanilla.