[Singapore, Amsterdam, Johannesburg, Seattle, Mumbai and London, 11 April 2022] Payment industry technology company iPiD is delighted to announce that Stuart Thornton has joined the company as an advisor.
Now based in Singapore, Stuart brings 25 years of experience in industries ranging from telecoms to payments across Europe, Asia and Australasia. Originally from the UK, Stuart has held leadership roles within both large enterprises and start-ups – including companies such as Verizon, Vodafone and Worldpay.
Most recently, Stuart was Co-founder and CEO of hoolah, a buy-now-pay-later company that anticipated the growth in the sector to build first mover advantage across Asia. hoolah exited to Shopback in 2021.
He has a significant track record in start-up mentoring and will bring his commercial, strategy and leadership experience to the growing iPid team to help them scale the business.
Stuart wanted to join iPiD because he believes the company is perfectly placed to translate the innovations that have transformed local payments into the international payments space. “Developments such as Paynow have revolutionised local payments in Singapore and other countries, fuelled by consumer expectations for convenience and control but this has not so far been replicated into cross-border payments; I see a huge opportunity to change that,” says Stuart.
Because his experience launching hoolah revealed that cross-border payments were painful, Stuart immediately saw the benefits of iPiD’s vision and believes they have the team and the technology to deliver. “The team in a start-up is always critical in driving success,” he adds. “With their background at SWIFT, I am convinced that iPiD has the right people to execute on this vision. I feel very lucky to be able to join iPiD on this journey and hopefully contribute to its success.”
iPiD is a fast-growing, venture-backed fintech start-up that is founded by a global team who have held senior roles at major payments and technology companies, including SWIFT and Thomson Reuters. Together, we share a vision to simplify cross-border payments to be as easy as a text message.
We achieve this by partnering with financial services providers (e.g. banks, payment fintech, wallets, remittance companies) to deliver a suite of proxy look-up, request-to-pay and payment-to-wallet services. It is a first-of-its-kind service that makes cross-border payments easy by needing only a simple proxy for the payee’s identity. We act as a data orchestrator and enable global payments based on a phone number, email address, QR code, Corporate Registration Number and other aliases.
iPiD is built for all – we do not replace banks, payment fintechs, wallets or remittance companies; nor do we replace existing payment rails. We provide an addressing and messaging service that all can leverage to offer a better user experience.
Our global team has representatives in Singapore, Jakarta, Hanoi, Kuala Lumpur, Mumbai, Amsterdam, Brussels, Madrid, Johannesburg, Seattle and London.