Zipmex begins scale-up of operations with appointment of new COO and CFO

November 12, 2021, 12:00 PM AEST - 2 weeks ago

Singapore, 11 November 2021 – Zipmex, one of Asia-Pacific’s leading digital assets platforms, announced today two C-suite appointments made to bolster its management team. 

Scot Cheung joins as Chief Operating Officer (COO) and will play a key role in building Zipmex’s presence and reputation in its four markets, with a specific focus on expansion and growth in Australia where it launched in early August. Nicolas Keravec has also been appointed as Chief Financial Officer (CFO) and will focus on the firm’s financial planning, capital raising and corporate development strategies. 

Following the appointment of Jonathan Low, former Global Head of PoS Lending at ING Bank, as Chief Commercial Officer last year, Zipmex is now bringing on more firepower to its executive team with the two new appointments and will continue to focus on hiring top-tier talents as it looks to bring innovative and trusted products to customers and continue its expansion across the region. Already an established player in Singapore, Thailand and Indonesia, the platform has turned its attention to its newest market, Australia, where it aims to bridge digital assets with real life.

“We are thrilled to welcome Scot and Nicolas to our dynamic and fast-growing team,” said Marcus Lim, CEO and Co-Founder of Zipmex. “Both Scot and Nicolas have a wealth of global experience and expertise in scaling and managing companies across Asia, which will be critical to our own growth in the region. In particular, Scot will be focusing on Australia, our newest market, where we believe now is the right time to ramp up operations by delivering superior customer experience, developing innovative products, and placing high importance on security. Nicolas will play a critical role in managing the company’s capital deployment and expansion plans in all our markets, following the success of our recent fundraising round.”

Last month, Zipmex announced that it has received US$41 million in committed funds for its ongoing Series B funding round, raising US$41 million from Bank of Ayudhya’s corporate venture capital arm, Krungsri Finnovate, and listed multimedia companies Plan B Media and Master Ad (MACO) of Thailand. This marks the first time in Southeast Asia that a top-tier bank and listed multinational media companies have invested in a digital assets platform.

Zipmex plans to use the funds to expand the company’s presence in its four markets, launch a host of new earn and spend products, form partnerships to revolutionise payments in its key markets, and build its technology infrastructure to support growth and enhance security.

Scot joins Zipmex from Uber, where, as Head of Central Operations, he managed the ride-hailing company’s transport and food delivery centralised operations across the Asia-Pacific region. During his seven years at Uber, he was instrumental in managing change and scaling regional teams as the company grew from a startup to a public company. 

Scot has more than 12 years of experience in helping companies scale and expand worldwide, having worked in Hong Kong, Shanghai, Seoul, Singapore, and London. Prior to Uber, he was also involved in co-founding and growing an affiliate marketing platform focusing on product curation for China’s e-commerce market.

“I am thankful for the opportunity to join Zipmex, a young and fast-growing firm embarking on its next phase of growth,” said Scot Cheung, Chief Operating Officer of Zipmex. “It is exciting to help Zipmex build and reach its fullest potential, as it continues to bring trusted and innovative investment and payment products that meet the needs of users.” 

He has been involved in large fundraising and fund management, risk management and accounting functions (IFRS / US GAAP) in large to medium-size corporations and funds globally.

Commenting on his appointment, Nicolas Keravec, Chief Financial Officer of Zipmex, said, “I am delighted to be joining Zipmex during this exciting time. The company has grown rapidly since it was founded in 2019, and the latest funding secured from investors is an endorsement of the company’s business model and its vision of becoming one of the biggest cryptocurrency platforms in Asia. I look forward to working with the team to help Zipmex.”

Founded in 2018, Zipmex is operating and legally compliant in Singapore, Thailand, Indonesia and Australia. Zipmex’s mission is to break down barriers, then educate, excite and enrich everyday people on its digital asset platform. Through its easy-to-use mobile applications and websites, users get access to a variety of financial services, including digital assets platform, and interest-bearing accounts. To date, the platform has transacted over US $1 billion in gross transaction volume since its launch in late 2019.

In early August, Zipmex announced a payment card to be launched later this year in partnership with Visa that will give customers access to the more than 70 million merchants in Visa’s network.

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