“I am super excited to welcome Frederick in this new position. With his extensive experiences in high-growth planning and execution, he is perfectly suited to lead the charge to break new ground, and ensure that we remain the platform partner of choice for enterprises,” Prajit Nanu, co-founder and CEO of Nium, said in a statement on Thursday (Nov. 5).
Crosby brings almost 20 years of experience in C2C, B2B and B2C payments, including expertise in cross-border transactions. He was responsible for pioneering digital cross-border payments at PayPal, Western Union and eBay, and most recently was the chief revenue and marketing officer at Veem. He comes to Nium as it is planning a global expansion into new markets with the goal of seamlessly moving money worldwide.
“Designing and implementing go-to-market growth strategies for startups and enterprise companies has been at the heart of my professional career, and I cannot wait to combine my passion for global payments and FinTech with this new role at Nium,” Crosby said.
“As the world has accelerated online adoption in the face of COVID-19, any smart business knows it’s time to think global in its payment strategy if they want to grow in the upcoming years. Working together with colleagues, partners and customers around the world, Nium continues its mission to be the leader in simplifying the cross-border payments experience and offer the right solution for businesses,” he added.
Aside from Crosby, Nium also hired Dana Nino as global senior vice president for growth, customer success and partnership. The new hires come as the company looks to expand into the Middle East and Africa.
Nino will head up the new location in Africa, assisted by Kenya-based Clara Wanjiku Odero, vice president of partnerships and growth, Middle East and Africa. Consumer spending in Africa is forecast to hit $2.1 trillion by 2025.
The Middle East expansion will be headed by Ayoub Jemail, who will serve as general manager of business development for the region. Nium said that FinTech across the Middle East is anticipated to raise over $2 billion in venture capital funding by the end of the year.
In his contribution to PYMNTS’ report, “What Did You Change?”, Nanu explains how the company leveraged opportunity from the pandemic.