Pomelo Pay, a digital payments platform and part of FinTech Alliance, has appointed a new CEO.
In Brief:
Andrew Doukanaris has joined the business as permanent CEO for the UK and Europe.
Doukanarishas been Chair of the Board since January 2019.
He is also an Ambassador at Level39.
What does this mean?
Doukanaris will look for growth opportunities for the brand in new markets across Europe, which will be helped by the business’ recent partnership with Mastercard.
The funding will support expansion into the U.S. and development of new tools to automate workflows for legal and finance teams.
Serving over 45,000 merchants, KPay has seen significant growth and aims to reach one million users within five years.
the funding supports cross-border payment capabilities and expanding operations in the region.
The acquisition includes approximately 350 home purchase plans, valued at £17 million
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