CurrencyFair, a Dublin based currency exchange marketplace has raised a total sum of $8.9M in a new funding round led by Octopus Ventures and new Chief of marketing officer has been appointed – person of Nils Andén.
Ventures such as Frontline Ventures and Proxy Ventures all participated in the round.
Andén comes to CurrencyFair all the way from Maltese online Gambling operator Unibet where he had been a CMO and led the company’s marketing team.
“Style gets you noticed but substance gets you remembered,”
“I have joined CurrencyFair, the first platform in the world to break the $1 billion barrier in transfers, and I believe I’ve joined the company with the most substance, both in having the best product in the industry but also in terms of how fairly it treats its customers.” said Andén on joining the team.
As a matter of fact, the company is trying to penetrate the US market and just late last year did the company announced it’s plans to ads around 50 new employees. It previously raised $11M from Octopus and FrontLine just of last April.
“We are the only true peer-to-peer currency exchange platform and attracting people of the quality of Nils and the team at Proxy Ventures is a validation of the brilliant product and marketplace we have built,” said CurrencyFair CEO Brett Meyers.
“Working with them will help us further develop our brand and the industry as something people and businesses can trust to save them money. Peer-to-peer currency exchange is ‘approaching widespread adoption and now needs a more mature voice.” He added.
Sources: Tech.eu, VentureBeat