Paysend announced that it has elevated Jairo Riveros to the position of Managing Director of the US and LatAm, effective 1st January 2022.
According to a press release shared with Finance Magnates, Jairo Riveros, a senior executive with more than twenty-five years in the Financial Industry, has been promoted by Paysend, the card-to-card pioneer and international payments platform, to the position of Managing Director of the US and LatAm.
Riveros will be in charge of defining and implementing its business strategy across the US and LatAm. Also, he will develop a world-class Fintech team in addition to securing further regulatory approvals, licences and partnership deals across the Americas.
Since September 2020, Paysend has ensured an active presence in the US. It assists US residents by making certain funds are sent to more than 100 countries securely, without the need to visit a physical location.
At this time, Riveros holds the title of the Head of the Office of Strategy Management at Paysend. Earlier on, he worked for Artemis Worldwide, a C-suite consulting firm, serving financial clients. Another role he took on was Director in Monitor, Deloitte’s Financial Services Strategy practice. Before this, Riveros was the Head of Strategy for AIMCo in 2013 where he spent two years. TIAA benefitted from his experience as Managing Director of Head of Strategic Planning. Also, he became the Head of Market Models and Business Strategies for Mastercard Worldwide and MasterCard Advisors from 2006 to 2009.
The Americas Is a Highly Important and Strategic Region
Commenting on the announcement Ronnie Millar, the CEO at Paysend, said: “We’re hugely excited to have Jairo move into this role leading our Americas and Latin America business. The Americas is a highly important and strategic region for Paysend and Jairo’s proven track record in building networks, and relationships in North and South America will be invaluable as we look to grow our footprint in these crucial markets. He is a highly respected and well-liked member of our executive team and he’ll thrive in this new role.”
“I’m thrilled to be starting this new role in a major growth region for Paysend. The US is home to the largest global transfer market in the world and the opportunities in Latin America are undeniable. Paysend is a company with a strong track record of success as well as a state-of-the-art payments technology platform, and I look forward to helping the company grow its network and customer base in the coming months,” Riveros said.
In other related new Paysend recently announced its growth to five million customers in under five years. This number includes the one and a half million clients that joined in the last six months. Also, in May 2021, it succceeded in raising $125 million in a Series B investment round.
