Mode Global Holdings PLC has promoted Rita Liu to the position of 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 listed group in March 2020 as chief commercial officer.

She will be responsible for driving Mode forward and ensuring the company delivers on its long-term vision to become a disrupter that bridges FinTech and crypto through its regulated crypto app, which has built in payment, reward and trading functions.

Meanwhile Mode’s chief technology officer Jonathan Conway has been appointed to its board, while an agreement with financial services firm Marex Group has also been revealed.

“Our vision is for Mode to become the UK’s first regulated crypto super app,” said Liu.

“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.”

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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.”