A B2B cross-border payments firm, Wallex has named CTO Andrew Marchen as a co-founder, joining current CEO Hiro Kiga.
The announcement comes as Wallex’s acquisition by Singapore-based fintech firm M-Daq Global is completed.
Marchen has been the CTO of Wallex since 2019 and has garnered over 20 years of experience in the tech industry.
As CTO, Marchen’s priorities include future-proofing Wallex’s tech stack, applying data-driven product planning, and building resilience against cybersecurity threats.
Launched in 2016, Wallex offers its services in Indonesia, Singapore, China, Hong Kong, Taiwan, and Macau. By acquiring Wallex, M-Daq Global strengthens its access to these markets.
The acquisition was first announced in February and came with the announcement that Kiga would replace co-founder Jody Ong as CEO of Wallex. This also marks the first of a series of acquisitions planned by M-Daq Global to strengthen its cross-border payments offerings.
Wallex is a finance technology company that aims to make our clients’ lives better in the FX and cross border payments space.
