MonetaGo further expands into Asia Pacific; makes senior appointments

By Edil Corneille

US blockchain technology user MonetaGo, a company that fights fraud and inefficiencies in financial workflows, has gained fresh momentum in its APAC expansion. The company has made two new senior hires in Singapore and reached over one million transactions in India. This comes alongside five new Indian alternative finance platforms being onboarded to MonetaGo’s Secure Financing solution, which mitigates the risk of double invoice financing.

MonetaGo opened its Singapore office last month and appointed industry veteran, Neil Shonhard, as managing director. Shonhard’s appointment is followed by the addition of two new hires at the senior management level – Natalia Feshakova, as Head of Strategy and Sales, and Vince Acors as Head of Business Development. The new hires will focus solely on the APAC region.

Jesse Chenard, CEO, MonetaGo elucidated, “Many countries in the APAC region are now recognized as trailblazers in the adoption of blockhain technology and the quest for digital transformation. So, it makes complete sense for us to grow our team and client base over there. Despite this year bringing unprecedented challenges to all businesses, it is a testament to the strength of our proposition that we have been able to actually grow and diversify during this time. We look forward to expanding further into APAC and beyond in the future.”

Feshakova brings with her ten years’ experience for incumbent banks, including Credit Agricole, as well as for major blockchain firms. She is said to be a recognized expert in blockchain solutions for trade finance.

Acors has over twenty years of experience leading businesses into emerging technologies and has represented Telecoms and Media sports brands. He joins MonetaGo from Sprint Mobile Singapore, where he served as Managing Director.

The swift appointments following the establishment of MonetaGo’s Singapore office represent the business’s focus on the APAC region and its plans to push its Secure Finance, Digital Workflows, and Corporate Issuance solutions further into the region.

This is supported by its activity in India, where MonetaGo has surpassed over a million transactions and continues to add banks and alternative finance platforms to its Secure Financing solution, including five in the last month. New participants include alternative lenders Xpedize, India Factoring, Finovate Capital, 121Finance, and RAMSUN Network.