FinTech xpate’s CEO Mike Shafro appointed as adviser to Industra Bank

By Megha Bhattacharya

UK-based FinTech xpate today announced that CEO Mike Shafro has been appointed as the Ecommerce Advisor to Jurijs Adamovics, Chairman of the Board of Directors, at Industra Bank. The appointment was driven by the Bank’s new strategy to focus on SMEs, enhance its e-commerce offering and provide a better offering to mid-size businesses.

Mike Shafro, CEO of xpate, commented, “It is a great honour to be welcomed onto the team at Industra Bank as we work to shape its evolved e-commerce strategy. I’m looking forward to using my expertise to support Industra as it serves even better, frictionless online services to its customer base, and to positively shape the future of online banking together.”

Mike Shafro will bring his expertise of FinTech and e-commerce sectors and has a decade’s experience in developing internet acquiring services, advising banks and e-commerce companies and leading FinTech startups.

Jurijs Adamovics, Chairman of the Board of Directors at Industra Bank, added, “The pandemic only served to solidify pre-existing thoughts among the Industra Bank team. Technology is developing rapidly, and we want to be part of that evolution, so we can offer our customers not only swift and simple service, but in a place they feel comfortable, too. Mike has a wealth of ecommerce experience and we’re delighted to be inviting him onboard, to combine brains and progress in the best possible way for our community.”