myPOS, the London-based payment services provider, has today announced a raft of new senior hires and promotions. The announcement comes as the e-money business revenue passed €1.2 billion for the calendar year to date, representing 92% growth year-on-year.
Andrew Byrne, the business’s e- money payments expert, has been promoted to Managing Director from his former role as Chief Operating Officer. Andrew was the first hire by myPOS founder Christo Georgiev, beginning in a one-person office in April 2017 and building up the London headquarters. The business now has 210 employees and continues to grow at pace. Sophia Sodhi-Heugh, formerly a senior HR Executive/lead who has spent several years in international banking including HSBC, Barclays and Lloyds Banking Group, has been promoted to Chief People Officer and has been working with Andrew and Christo to continue to build the business by appointing key players from the market. These include former Starling Bank and Citi executive Andrew Sutton as Chief Financial Officer, Adrian Butterworth as Head of Legal and specialist in Regulatory Compliance from GMP Securities and Bank of Singapore, and Tim Davies has been brought across from ICAP as Chief Risk Officer. Francisco Jaramillo has joined from Visa to bolster enhancing the European sales team.
Two independent non-executive directors have also joined the board. Stephane Pilloy from HSBC and George Brenan, ex Cazenove & Co and JP Morgan Cazenove, have been appointed in the past month.
myPOS primarily caters to small and medium sized businesses across Europe, providing both the hardware and the processing required for retailers to accept card payments easily and affordably. The FinTech business now serves more than 60,000 customers across Europe, having brought on almost twice the number of new customers in November 2018 than it onboarded in the same month last year.
Christo Georgiev, the founder of myPOS said: “Many micro and small merchants have been traditionally reluctant to embrace digital payments, believing that they were too expensive and complex for a small business like them. The result is lost sales from consumers who increasingly live in a cashless society. myPOS helps to bridge that gap, and we’re seeing huge demand for our services. We’ve more than doubled in size this year, and are optimistic about our prospects in 2019.
“I’m exceptionally proud of the promotions and hires that we are announcing today. Our business is built on exceptional professionals who have a deep knowledge of finance. Many of our people are from traditional banks and financial institutions, and their experience is invaluable to us as a FinTech start up as we continue to grow and mature.”