FX Expert Jonathan Cumberlidge Joins Crypto Banking Startup BVNK

Jonathan Cumberlidge, a veteran of the forex and CFDs industry, has joined BVNK, which is a banking and crypto service provider, as a Sales Director for foreign exchange (forex). According to a Linkedin update, he will be based in the United Kingdom.

“I’m happy to share that I’m starting a new position as Sales Director - FX at BVNK!” Cumberlidge wrote on the professional networking platform.

BVNK is headquartered in London and is developing crypto banking services. The company does not hold any banking license but offers services through partnering with other regulated companies. It is offering payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term, trading, custody and yield integrated into a single account.

Additionally, the startup closed a $40 million Series A funding round Funding Round Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Read this Term in May with a post-money valuation of $340 million.

An FX Industry Veteran

Cumberlidge now brings more than 15 years of forex industry experience to the crypto banking company. He joined BVNK from Finalto (formerly TradeTech), which he joined in September 2018 as a Sales Director. Now, Finalto, which operates the Markets.com brand, has been sold to Hong Kong-based Gopher Investments in a $250 million all-cash deal.

Before that, Cumberlidge was with Saxo Bank for more than two years. He was the UK Head of Private Sales there and parted as the Head of Relationship Management Strategy. Moreover, he served as the Director of Saxo Capital Markets UK between September 2017 and April 2018.

His other industry experience includes being the Director of Sales for EMEA at GAIN Capital and Manager of UK Business Development at GFT Markets, among a few others.