Banking Circle Group has appointed Kush Saxena as Group CEO, with its co-founders set to move into advisory and transition roles.
Saxena brings more than 20 years of senior leadership experience in payments and financial technology.
He was most recently CEO of Getnet, one of the largest merchant acquirer in Latin America.
Prior to that, he spent eight years at Mastercard, where he served as Executive Vice President of Merchants and Acceptance and was a member of the company’s Global Management Committee.
He also previously served as Mastercard’s Chief Technology Officer.
Saxena has also held board and advisory roles, including as Non-Executive Director of Crown Agents Bank and Advisory Board Member of BioVie.
He has advised organisations such as the World Bank.
Kush Saxena, incoming Group CEO, said,
“Anders, Laust and the team have built something genuinely unique – a technology-led financial infrastructure platform of real global scale, trusted by some of the most demanding clients in financial services and digital commerce.
I am honoured to be joining at this exciting moment and look forward to partnering with the broader team and Ralph to deliver on the next phase of growth at scale.”
Banking Circle Group was co-founded by Anders la Cour and Laust Bertelsen in June 2013.
The company provides financial infrastructure for payment service providers, banks, fintechs, marketplaces, corporates and online merchants.
The group reported that it has surpassed €500 million in revenue, supported by client adoption, international expansion and continued investment in its platform.
As part of the leadership changes, la Cour will become Senior Advisor, while Bertelsen will remain CEO of Banking Circle S.A. before transitioning out over the next 12 months.
The appointment follows the recent naming of Ralph Hamers as Group Chairman.
Featured image: Edited by Fintech News Singapore, based on image by prostophotokate via Magnific
