Known as archie, the new company was founded last year with the goal of locating and collaborating with a portfolio of global early-stage fintech companies, supporting their founders in accelerating their growth.

Together with former executives from Uber, PayPal, and Zip, Tandem Bank head Paul Pester, Silicon Badia founder Fawaz Zu'bi, and Zip executive Tommy Mermelshtayn, Thomson launched the company.

The details of the agreements with Wamo and Ecko remain undisclosed; nevertheless, Archie uses an equity model whereby its networks, experience, operational assistance, and tested playbooks are exchanged for stock.

Archie's CEO, Steve Brennen, states: "We know that funding isn't enough to enable fintechs effectively expand. Regretfully, a lot of excellent concepts and ventures falter at the scale-up phase. Archie will take care of that."

The UK-based company wamo, which has received $5 million, specializes in facilitating SME expansion throughout Europe by providing simple access to business accounts with a focus on cross-border payments.

In the meanwhile, Thomson is a board member of ekko, a company that offers organizations sustainability solutions through the use of technologies like carbon offsetting and tracking.

The CEO of ekko, Oli Cook, states: "We're really thrilled to work with Archie. In the little period that we have been working together, the team has already greatly benefited myself, our board, and our go to market plan."