Tuesday 26 January 2021. Edinburgh, UK.  Zumo, the digital currency and payments platform, has appointed its first chief technology officer to lead its plans for new product launches later this year.

Tim Sabanov, who was previously Lead Technical Architect with Zumo, assumes his role immediately and will oversee the development and roll-out of new products including a debit card that converts cryptocurrencies to traditional currencies like pound sterling. Earlier this month, Zumo celebrated 25,000 registrations on the Zumo App, which Tim helped launch last summer.

Tim brings ten years of leadership in providing solutions to firms working with blockchain technologies and specialises in payments, financial services and FinTech. He was most recently, Full Stack Blockchain Developer with Slovenian-based app specialist D.Labs, also working with mungoparc, SPRD.digital and Zabec.net. Before entering the blockchain sector in 2015, Tim founded Vragec.si, a creative design agency, and was Creative Director with Kontrast Marketing, also based in Slovenia.

Since joining Zumo in January 2020, he has led the development of the Zumo App, ZumoKit Enterprise Solutions platform, and most recently, the Zumo Smartfolio, which enables users to view and manage their overall cryptocurrency assets seamlessly and calculates opportunities to maximise the buying positions for user’s portfolio.

Tim is based in Edinburgh, from where he leads a team of developers working in Scotland, London and Slovenia.

Tim Sabanov said: “Zumo is leading the field in providing technologies that democratise access to financial services. What makes Zumo different, however, is the non-custodial approach it takes in its platforms, meaning that whether you are a business operating on the ZumoPay payments platform, or a consumer on the Zumo App, you are truly in charge of your own finances.

“We are just beginning to realise the potential use cases of blockchain technology which is why I am delighted to take up this post and help further Zumo’s mission to bring the benefits of smart money to everyone.”

Nick Jones, co-founder and CEO of Zumo, said: “Tim is a leader in blockchain technologies of truly global stature and his experience will take our products to the next level.”

“We are so excited for him to take up the role and can’t wait to bring his plans to market.”