Misys Veteran Ed Addario Joins CurrencyCloud as New CTO

CurrencyCloud_homepage_January2017

Originally published at Finovate.com

Ed Addario, the new Chief Technology Officer for CurrencyCloud, brings an impressive track record as a fintech executive to the company. Addario comes to CurrencyCloud after serving as Global Head of Architecture and Integration at Misys. And previous to his tenure at Misys, Addario was SVP Technology at Monitise. At CurrencyCloud, Addario will manage a 45-member team dedicated to developing the company’s APIs that help third parties automate and enhance their payment processes.

In a statement, Addario praised CurrencyCloud’s technology for being “built by developers for developers” and referred to the company part of the “next generation” that will “realize the true potential of the digital economy.” CurrencyCloud CEO Mike CurrencyCloud_EdAddarioLaven called Addario a “perfect fit” for the task of helping create solutions that will enable companies to take advantage of “new and emerging business models” without being limited by legacy technology. “Ed will play a key role in developing the tools that we provide,” Laven said, “to allow our customers to build the best solution for their business needs.”

Addario has a B.Sc. in Computer Science, with coursework in Applied Statistics and Machine Intelligence, and a M.Sc. in Manufacturing and Quality Engineering. He is also a senior member of the Institute of Electrical and Electronics Engineers (IEEE).

Founded in 2012 and headquartered in London, U.K., CurrencyCloud demonstrated its payment engine last year at FinovateEurope 2016. The company also presented at our developer’s conference, FinDEVr Silicon Valley in 2015, discussing how Currency Cloud rebuilt its market-leading API. Named to Fintech Forward’s “20 Companies to Watch” last fall, CurrencyCloud forged a partnership with Arkea Banking Services in August, and appointed a new CFO, Fiona Tee, last spring. CurrencyCloud has raised $35 million in funding – including an $18 million Series C in June 2015. Sapphire Ventures, Notion Capital, and Atlas Venture are among the company’s investors.

Alums Earn Spots in Deloitte UK Technology Fast 50

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With FinovateEurope 2015 just around in the corner, it was nice to begin the week with news that a quartet of alums have been named to the Deloitte UK Technology Fast 50 for 2014.

The Deloitte UK Technology Fast 50 ranks the 50 fastest growing technology companies over the last five years based on revenue growth. David Halstead, Deloitte partner leading the Tech Fast 50, noted that software companies were “showing particular strength” this year, with the largest number of entries coming from this group.

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Technology and financial services provider enabling mobile banking and payments
HQ: London
Founded: 2003
Growth rate: 2,639%
“With so many fast-growing technology companies emerging over the last few years, to be ranked among the top 15 in the UK for four years running is a tremendous achievement. This can be credited to our fantastic team based in the UK and beyond . . . who are creating, launching, and maintaining market-leading services for our clients around the world every day.” 
Lee Cameron, Chief Commercial Officer and Deputy CEO

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Small business cloud accounting systems provider
HQ: Edinburgh
Founded: 2007
Growth rate: 1,274%
“Being recognized in the Deloitte Fast 50 list is a great accolade in itself, but being listed for two years in a row is a tremendous achievement. It’s a real testament to the hard work of our team, our continued growth as a company and the rising number of passionate and loyal customers who are using FreeAgent to manage their small business finances.”
Ed Molyneux, CEO and C0-Founder

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Financial services company providing technology and business solutions
HQ: Newcastle upon Tyne
Founded: March 2007
Growth rate: 837%
“The UK is facing a savings crisis where people are not saving the amount they need for a comfortable retirement. At True Potential we believe in making saving and investing simple and more accessible using cutting edge technology, so this recognition is particularly rewarding.” 
David Harrison, Managing Partner

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Developers of automated loan management technology
HQ: Harrogate
Founded: August 2001
Growth rate: 812%
“Making the Technology Fast 50 for the second consecutive year is a significant accomplishment for us and another proud milestone in our journey. This year we were named in the Sunday Times Tech Track 100 for the first time, and we’ve also just heard that, once again, we’ve been accepted for FinovateEurope 2015 which is a premier platform for FinTech businesses like ours.” 
Richard Carter, Chief Executive
Speaking of FinovateEurope 2015, join Nostrum Group and 70 other fintech innovators for our upcoming conference in London on February 10 and 11. Click here to get your tickets and take advantage of special early bird pricing.
And for more information on the Deloitte UK Technology Fast 50, click here for an extensive info graphic that provides growth comparisons between the 2013 and 2014 winners, sector and regional breakdowns, and more.  

Former Visa Executive Elizabeth Buse Joins Monitise as Co-CEO

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Mobile money innovator Monitise (Finovate 2007) has announced that Elizabeth Buse will join the company as co-CEO.

Elizabeth Buse will bring more than 15 years of payments experience from her time at Visa, where she was last Executive Vice President of Solutions. Elizabeth is no stranger to Monitise, having served on the company’s board of directors from July 2010 to October 2012.

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Elizabeth Buse – World Economic Forum on Africa 2012 (Photo credit: World Economic Forum)

Elizabeth’s primary responsibilities at Monitise will involve day-to-day operations of the company, particularly marketing, product, sales, and technology. Working alongside Elizabeth, company founder Alastair Lukies will serve as co-CEO, with an emphasis on industry partnership building and corporate development.

Monitise specializes in technology that helps financial institutions deploy mobile banking, mobile payments, and other services. Founded in 2003 and headquartered in London, Monitise currently serves more than 350 financial institutions and brands around the world. The company processes more than 3.4 billion mobile transactions a year, valued at more than $70 billion.
Named one of the top three most innovative companies in the world by Forbes, Monitise has operations in the United Kingdom, the United States, India, Hong Kong, and Indonesia.