REG - Mode Global Holdings - Appointment of new CEO

R8 Capital InvestmentsAnnouncement

03/03/2022 07:00

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RNS Number : 4542D  Mode Global Holdings PLC  03 March 2022

Mode Global Holdings PLC

("Mode" or "the Company" or "the Group")

Appointment of new CEO

·    Rita Liu, CCO at Mode and former Alipay (UK) CEO, will take the CEO
position at Mode with immediate effect

·    Appointment of Mode CTO Jonathan Conway to its executive board

·    Marex appointed in corporate advisory role

Mode Global Holdings PLC (https://www.modeapp.com/our-story) (LSE:MODE), the
LSE-listed Fintech Group, announces the appointment of Rita Liu as CEO with
immediate effect.

For over a decade Liu has held leadership roles at fintech giant Alipay in
Asia, the US, Canada and was CEO in the UK before joining the Mode board in
March 2020 as Chief Commercial Officer.

Regarded as one of the most influential female figures in fintech, Liu will be
responsible for driving Mode forward and ensuring the Company delivers on its
short-term growth targets, as well as its long-term vision to become a
disruptor that bridges fintech and crypto.

In addition to this, Mode's Chief Technology Officer Jonathan Conway has been
appointed to its executive board with immediate effect. Jonathan has extensive
experience across the fintech, payments and crypto space and his appointment
to the board further underlines Mode's commitment to building the best
technology to help drive the Company's growth.

With these appointments, Mode is looking to focus its strategy to become the
UK's leading regulated all-encompassing crypto app. With payment, reward and
trading functions already being built in, Mode is also seeking to further
streamline the app experience, whilst adding features that will build a
digital asset ecosystem, enabling users and businesses to pay, earn, save, and
get paid in crypto all in one place.

To power this acceleration of growth, Mode announces the appointment of
financial services firm Marex Group to assist the business.

Commenting on her appointment, Rita Liu, Chief Executive Officer at Mode,
said: "Our vision is for Mode to become the UK's first regulated crypto super
app.

"By harnessing the power of Web3 and our unique regulatory position, I firmly
believe we are better positioned than anyone else in the UK to help people
pay, earn, save, and get paid in crypto all in one place. We can also help
businesses to accept payment, and reward customers, in both crypto tokens and
fiat currencies.

"Our team has extensive experience both in 'traditional' fintech and crypto,
which enables us to build the business with a focus on regulation and security
and a passion for bringing innovative Web3 technology to our customers. It's a
hugely exciting time and I can't wait to turn that vision into reality along
with my colleagues at Mode."

Commenting on the announcements, Jonathan Rowland, Chairman at Mode said: "The
appointment of Rita as CEO and Jonathan to the board is part of the next
exciting phase of growth for Mode. Rita is an influential figure in fintech
with a clear vision for the future and the credentials and expertise to
deliver.

"Likewise, Jonathan's years of technology experience also allows Mode to be at
the forefront of technological innovation. His appointment to the board
underlines the undoubted importance we place on tech capability.

"We are excited for this next phase of Mode. 2022 will be a year of execution
and growth, and our team is fully committed to deliver."

ENDS

Press contacts:

 

Milo Larkin, MRM

020 3326 9926 / 07471 351 584

mode@mrm-london.com

 

 

Notes to Editors

About Mode:

Mode is an LSE-listed fintech company on a mission to build the world's most
disruptive ecosystem where exchanging value and growing wealth is seamless for
all. Mode is leveraging the power of Bitcoin and Open Banking to deliver on
this mission and offer customers in the UK a one-stop app to shop, earn and
grow their Bitcoin, all in one place. For businesses, Mode provides a cheaper,
safer and smarter alternative to card payments that rewards shoppers with
Bitcoin Cashback.

To learn more, visit our customer/business site at www.modeapp.com
(http://www.modeapp.com) or our investor site at www.modeplc.com
(http://www.modeplc.com) .

 

 

 

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