Nium appoints Frederick Crosby as its Chief Revenue Officer

By Edil Corneille

Singapore-based Nium, a financial technology infrastructure platform, announced the appointment of Frederick Crosby as its new Chief Revenue Officer. The announcement comes as the company looks to expand and develop its global financial infrastructure to enter new markets and establish banking relationships to seamlessly move money around the world.

Crosby is said to come with nearly two decades of experience in pioneering and driving growth in the digital cross-border C2C, B2B and B2C payment space with some of the biggest names in the industry. At PayPal, he is said to have led a company-wide effort that made PayPal the payment method of choice in cross-border e-commerce around the world. As the Digital CRO at Western Union, he is said to have transformed the company into a digital remittance giant and market leader in every country they served. In his last role, Crosby was the Chief Revenue and Marketing Officer at Veem, a B2B global payment service backed by Kleiner-Perkins and GV (formerly known as Google Ventures), where he established Sales, Marketing and Business Development teams that drove customer count from under a thousand to over 170K in four years.

Crosby expressed, “Designing and implementing go-to-market growth strategies for start-ups 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. As the world has accelerated online adoption in the face of COVID-19, any smart business knows it is 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.”

Prajit Nanu, Co-founder and CEO of Nium enthused, “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.”

This appointment follows the company’s recent expansion into Middle East and Africa, as well as a slew of new senior hires recently including Dana Nino as global Senior Vice President for Growth, Customer Success, and Partnership. Crosby will be reporting directly to Nanu.