Banking Circle Welcomes Johan Bergqvist as Group CFO

Johan Bergqvist, Former Bolt Chief, Takes Helm as Banking Circle’s Group CFO

Johan Bergqvist, formerly of Bolt, assumes the role of Group CFO at Banking Circle, a financial infrastructure provider. His appointment, effective February, comes as the Luxembourg-based group, owned by Swedish investment firm EQT Partners, aims for the next phase of sustainable growth.

In partnership with Banking Circle’s management team and co-founders Anders la Cour and Laust Bertelsen, Bergqvist will lead initiatives to drive rapid and profitable expansion.

Banking Circle serves a diverse clientele, from online merchants to institutional banks, offering a suite of solutions including cross-border payments, card issuing, accounts, liquidity management, and revenue-based financing. In the previous fiscal year, the company reported run-rate revenues of €300 million and handled €550 billion in run-rate annual payment volumes.

Anders la Cour, commenting on the company’s performance, noted that despite reaching significant scale, there’s ample room for growth in the market.

Bergqvist, with nearly 20 years of industry experience, is poised to leverage his expertise in his new role. This marks his third stint as a Group CFO, having previously served at transportation and delivery platform Bolt, where he remains a board member, and UK-based paytech Teya.

Source: fintechfutures.com