Posted on January 3, 2019 by staff

Key appointments at mobile payments pioneer


Leading mobile payments company Bango has appointed a permanent chief financial officer and welcomed a new independent non-executive director.

The listed firm confirmed interim CFO Carolyn Rand as a permanent appointment while Carlsberg executive Nancy Cruickshank has joined the board.

The Cambridge-headquartered company, founded in 1999, expected to double the amount users spent on its platform in 2018 to more than £550 million.

“This is one of the most exciting businesses I have been involved in,” said Rand.

“Having worked for three months with the executive team and board at Bango I’m really fired-up about the expanding opportunities in digital commerce that Bango is pioneering.

“I look forward to working with the Bango team and its global partners to deliver significant growth and profit in the years ahead.”

Cruickshank manages Carlsberg’s global digital transformation program is former CEO of Weve, a data monetisation business backed by the UK mobile network operators.

She will join Bango’s remuneration committee and its data privacy committee.

“I’m really excited by the Bango mission to expand from a highly successful payments platform to a broader commerce platform,” she said.

“Bango is uniquely positioned to enable much more effective monetisation of payment data by developers and content owners, fuelling the growth of the huge app economy.”

Ray Anderson, CEO of Bango, added: “I am delighted to welcome Nancy to the Bango board. Nancy’s experience of the digital environment is highly relevant to our market strategy and business model.

“Nancy brings many skills to the board in support of the enhanced Bango commerce strategy.”