The CFO of listed Cambridge firm Bango has retired.
Matt Garner has been succeeded at the payments insights company by Matt Wilson.
Previously group CFO of TFG London, as well as CFO of AllSaints, Wilson brings 17 years of international corporate finance experience across various industries.
Bango says it revolutionised the monetisation of digital content and services by opening up online payments to mobile phone users worldwide.
It also reported a 16% jump in revenue for the 12 months ended 31st December 2024 to $53.4m, alongside a huge 137% leap in adjusted EBITDA to $15.2m.
“2024 has been another year of double-digit revenue growth with adjusted EBITDA more than double that reported in 2023,” said Paul Larbey, CEO.
“I would like to thank Matt Garner for his hard work and valuable contribution over the past four years, during which Bango launched the Digital Vending Machine and successfully acquired and integrated DOCOMO Digital.
“With the integration behind us and the DVM going from strength to strength, I am excited to welcome Matt Wilson to Bango. His extensive financial leadership experience and discipline will play a key role in the next phase of our growth journey.”
Wilson commented: “I am thrilled to join Bango at such an exciting time. The Digital Vending Machine is a unique product in a fast-growing market that Bango is strongly positioned to lead.”