Currencycloud appoints CTO and COO to continue rapid growth

Cross-border payments company Currencycloud has bolstered its senior team with the appointment of a new chief operations officer and chief technology officer.

Mark Ledsham will take the position of COO, leaving his position as CEO at currency exchange platform In this role, Ledsham will be responsible for scaling Currencycloud underlying compliance and payment infrastructure as it expands internationally.

Neil Drennan joins Currencycloud from 10X Future Technologies, a developer of native banking software, where he served as the CTO. Drennan has joined Currencycloud as its CTO and will be take charge of building and development of the company platform and technology. Drennan has also held roles at BBC Worldwide, Amazon and Virgin Media.

The appointment of Drennan will enable Stuart Bailey to move towards a chief product officer role and focus on accelerating product development.

Talking about the move, Ledsham said, ?Im joining Currencycloud at an incredibly exciting stage in its growth trajectory. This made for a compelling opportunity: to work alongside the best in the business, serving many of the most important fintech and financial services companies in the world. Im very much looking forward to working with the existing leadership team to build upon a truly global, industry-leading proposition.p>

Currencycloud has been rapidly expanding its team over the past year, having hired 100 new employees in the past 12 months. This rapid growth of its team comes to support its growing customer demand, with 100 new clients joining Currencycloud in the first half of 2021.

This growth has had a positive impact on its global monthly transaction volume, which exceeded $4bn in the first half of 2021. Furthermore, the company increased its revenue by 65% in H1 2021, compared to the same period last year.

The company builds international payment solutions and infrastructure that is used by FinTech and banks.

Earlier in the month, the FinTech company teamed up with global broker FxPro to offer a new e-money service, BnkPro. The new solution will enable users to access private banking-like services through a mobile app, with features including a multi-currency digital wallet and a debit card.

Copyright ? 2021 FinTech Global

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