Former NAGA Pay’s MD Stelios Eleftheriou Joins BVNK as Business Development Director

<p>BVNK,
a London-based crypto-to-fiat platform and global payments firm, has announced
the appointment of Stelios Eleftheriou as the Business Development Director for
CFD &amp; iGaming.</p><p>From
NAGA Pay to Parimatch and Beyond</p><p>Bringing
a wealth of experience to the role, Eleftheriou previously served as the
Managing Director at NAGA Pay for over a year and held the position of CEO at
Parimatch for an impressive five years. His leadership extends to BullBinary,
where he served as the CEO for over a year.</p><p>In
a recent LinkedIn post, Eleftheriou shared his excitement about the new role, saying:
“I’m happy to share that I have started a new position as Business Development
Director at BVNK! BVNK is a next-generation payments platform for businesses,
bridging traditional and digital finance for fast &amp; secure cross-border
payments. I’m excited to join the wonderful team at BVNK and be a part of their
revolutionary payments journey!”</p><p>Eleftheriou
boasts a remarkable educational background, having earned a Master of Science
(MSc) in Management Information Systems, E-Commerce from California State
University. Additionally, he holds a Bachelor's degree in Business
Administration, Management Information Systems from the same university.</p><p>BVNK
Unveils APAC Expansion Plans</p><p>Earlier,
<a href="https://www.financemagnates.com/">Finance Magnates</a> reported that <a href="https://www.financemagnates.com/fintech/payments/bvkn-expands-apac-presence-hires-new-regional-boss/">BVNK
had revealed its strategic plans for expanding operations in the Asia-Pacific</a>
(APAC) region. The company appointed Anthony Man as the new Regional General
Manager and established a founding team in Singapore, marking a step in its
growth strategy, according to a statement released by BVNK.</p><p>In
May, <a href="https://www.financemagnates.com/tag/bvnk/">BVNK</a> initiated the
process of obtaining a Major Payment Institution license, laying the groundwork for its
operations in the APAC region. This move was part of a broader plan to secure
licenses in 15 markets within the next year. To oversee the expansion efforts,
Chris Harmse, Co-founder of BVNK, has temporarily relocated to Singapore. Man,
the new BVNK Managing Director for the region, previously served as the VP of
Sales and New Business at CurrencyCloud.</p><p>Jesse
Hemson-Struthers, the Chief Executive Officer at BVNK, expressed optimism about
the expansion plans, highlighting Singapore's strategic advantages. He
emphasized the country's strategic location, vibrant fintech ecosystem, and
forward-thinking regulatory environment as key factors contributing to BVNK's
decision. </p><p>BVNK
secured an Electronic Money Institution license in the UK in 2022 through the
acquisition of System Pay Services. This acquisition empowered BVNK to offer
e-money, e-wallets, and multi-currency accounts for businesses under the
approval of the Financial Conduct Authority.</p><p>BVNK's
capabilities extend globally, allowing users to send, receive, and convert
currencies across more than 60 countries. Leveraging blockchain technology, the
company enables merchants to incorporate stablecoins in payment settlements. </p><p>With
a presence in the UK, Europe, Asia, the Middle East, and Africa, BVNK obtained
a virtual asset service provider license in Spain in 2022 to further expand its
reach in Europe. This licensing followed a $40 million series funding round led
by Tiger Global, with Base Capital Partners, Raba, and Kingsway among other
notable investors.</p>

This article was written by Tareq Sikder at www.financemagnates.com.