Vyne appointed Luke Flomo as the Chief Revenue Officer

By Joy Dumasia

Vyne, the account-to-account payments provider for merchants, announced Luke Flomo as its new Chief Revenue Officer. The strategic hire brings a wealth of scaleup experience, having previously held senior roles with FinTech challenger brands including Laybuy, Trustly and Klarna.

Vyne’s full-stack open banking solution brings together decades of combined industry experience to ensure direct, secure, faster payments. Flomo’s hire comes at a pivotal time for the scaleup as it ramps up its ambitious revenue strategy, including signing new clients across the retail, travel and FinTech sectors.

Vyne announced its integration with the leading global technology and business services firm for the remittance world, RemitONE. The deal gives RemitONE’s 100+ remittance clients instant access to Vyne’s payment solution, becoming the fastest, most cost-effective way for their customers to send remittances globally.

Karl MacGregor, CEO at Vyne, said: “We are thrilled to be welcoming Luke to the Vyne team and I’m personally delighted to be working with him once again. Luke brings with him the exceptional experience of driving and managing revenue streams in high growth environments across the payments sector, and it is this expertise that we will be leveraging to full effect as we continue to use open banking technology to simplify payments and empower our growing merchant customer portfolio.”

Luke Flomo, Chief Revenue Officer at Vyne, added: “I’m delighted to be joining Vyne at such an exciting time in the company’s growth trajectory. The credibility of the leadership team, many of which I have worked with previously, and their stand out investment partners means Vyne is primed to scale at pace.”

Recently, IBS Intelligence reported that Specialist account-to-account payments platform Vyne has announced a partnership with Kinetic in a bid to offer a payment solution to 2.83 million students renting accommodation. Vyne uses Open Banking to move money in real-time between bank accounts, bypassing the long-established but now outdated card networks and their associated fees.