Payments and fintech specialist Andrew Mreana, most recently in charge of Growth at London-based neobank Xoala, has joined VIP360 Payments as Head of Commercial Growth.

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New Role at VIP360 Payments

In his new position, Mreana focuses on commercial growth across banking, payments and global merchant operations. His mandate is to help businesses manage payments more efficiently by working with suitable partners and structures. He described the aim of the role as unlocking “real value” for merchants in how they handle banking and payments.

Before joining VIP360 Payments, Mreana served as Head of Growth at Xoala up to early this year in Limassol. Xoala provided banking and payments solutions, including global accounts, acquiring and multi-currency cards for businesses of various sizes.

VIP360 is a fintech platform that connects businesses with licensed providers of cross-border payments, FX, remittance and e-money solutions. It aims to enable them manage complex global payment flows in a compliant, scalable way. According to it website, it is owned and operated by Cyprus-based VIPTECH.

Earlier, Mreana worked as Head of Growth at Spotware Systems from 2023 to 2024 in Cyprus. Spotware is a technology provider in the fintech sector and is known for developing the cTrader trading platform.

Growth and Sales Background

Prior to these roles, Mreana held the position of Head of Sales at an FX and CFD broker in Cyprus from 2021 to 2023. In that job, he helped set up the company’s commercial infrastructure, built new partnerships and hired and trained a team of 17 people. He also contributed to the firm achieving its key performance targets during his tenure.

Last year, FDCTech, signed a non-binding letter of intent to acquire Xoala. The planned acquisition is valued at $6.75 million and is part of FDCTech’s effort to expand its regulated financial services presence in Europe and the UK.

Under the letter of intent, FDCTech plans to buy 100 percent of Xoala’s shares from Steven FS Limited in the UK, with the purchase price paid in five equal annual instalments of 1.35 million dollars between 2026 and 2030.

This article was written by Jared Kirui at www.financemagnates.com.ExecutivesRead More

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