Wallex Technologies, a B2B-focussed, volume-based pricing online payment platform, announces that it has expanded its management team with the hiring of CCO, CTO, and Group Head of Compliance.
The senior appointments are Anthony Man as the Chief Commercial Officer and Country Head of Singapore, Andrew Marchen as the Chief Technical Officer, and Christopher Liu as the Group Head of Compliance. The senior hires are all based in Singapore.
The new senior officers will bring deep domain experience to each of their respective roles that are expected to enhance Wallex’s management team as it prepares to scale up its business and expand internationally.
“As a Singaporean company, Wallex is at the intersection of three areas where Singapore is a global leader – international trade, fintech innovation, and foreign exchange trading. We plan to build on our existing strengths in Singapore and Indonesia and to strategically expand our locations to other key Trade and FX centers.” said Jody Ong, CEO and Co-Founder of Wallex.
Wallex provides an online platform that facilitates FX and cross-border payments business. Wallex addresses the pain points of fx and international payments via its B2B-focussed, online platform with a volume-based pricing model.
Also Read: Singapore cross-border payments startup Wallex raises Pre-Series A funding from BEENEXT
Shortly after its Singapore and Indonesia launch and its pre-Series A led by BEENEXT, Wallex claimed that it has more than 20 per cent month on month growth.
Anthony Man, the new Chief Commercial Officer, and Country Head Singapore, is responsible for driving Wallex’s commercial product offering, business partnerships and international expansion and for managing Wallex’s expanding Singapore team. Prior to joining Wallex, Anthony was Chief Strategy Officer at an Indonesian, SME focused P2P lending platform.
Andrew Marchen, the new Chief Technology Officer, is responsible for developing and enhancing Wallex’s technology platform and channels that will help take the business to an industrialised scale. Prior to joining Wallex, Marchen has held a number of technology and innovation roles and was previously Chief Architect at the NCS Group, a multinational IT and communications company acquired by Singtel.
Christopher Liu, the new Group Head of Compliance, is responsible for developing Wallex’s compliance framework. Christopher’s extensive AML experience will help to ensure that Wallex adheres to internationally mandated requirements. Before joining Wallex, Christopher had a 15-year career at Citibank where he was Regional Head of AML for their consumer/SME business.
Also Read: Singapore’s Wallex gets remittance license from MAS, launches in Indonesia
“Besides Southeast Asia, we are targeting expansion to HK, as a gateway to Mainland China, and Japan in the coming year to tap into intra-Asia and global trade-flows, and to gain exposure to the world’s 2nd and 3rd largest economies,” said Hiroyuki Kiga, COO and Co-Founder of Wallex.
Wallex is regulated by both the Monetary Authority of Singapore (MAS) and Bank Indonesia (BI), having obtained a Money Transfer License from BI in November 2018 and a Remittance License from the MAS in July 2018.
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