Mode Global Holdings PLC

("Mode" or "the Company" or "the Group")

Appointment of new CEO

·    Rita Liu, CCO at Mode and former Alipay (UK) CEO, will take the CEO position at Mode with immediate effect

·    Appointment of Mode CTO Jonathan Conway to its executive board

·    Marex appointed in corporate advisory role

Mode Global Holdings PLC (LSE:MODE), the LSE-listed Fintech Group, announces the appointment of Rita Liu as CEO with immediate effect.

For over a decade Liu has held leadership roles at fintech giant Alipay in Asia, the US, Canada and was CEO in the UK before joining the Mode board in March 2020 as Chief Commercial Officer.

Regarded as one of the most influential female figures in fintech, Liu will be responsible for driving Mode forward and ensuring the Company delivers on its short-term growth targets, as well as its long-term vision to become a disruptor that bridges fintech and crypto.

In addition to this, Mode's Chief Technology Officer Jonathan Conway has been appointed to its executive board with immediate effect. Jonathan has extensive experience across the fintech, payments and crypto space and his appointment to the board further underlines Mode's commitment to building the best technology to help drive the Company's growth.

With these appointments, Mode is looking to focus its strategy to become the UK's leading regulated all-encompassing crypto app. With payment, reward and trading functions already being built in, Mode is also seeking to further streamline the app experience, whilst adding features that will build a digital asset ecosystem, enabling users and businesses to pay, earn, save, and get paid in crypto all in one place.

To power this acceleration of growth, Mode announces the appointment of financial services firm Marex Group to assist the business.  

Commenting on her appointment, Rita Liu, Chief Executive Officer at Mode, said: "Our vision is for Mode to become the UK's first regulated crypto super app.

"By harnessing the power of Web3 and our unique regulatory position, I firmly believe we are better positioned than anyone else in the UK to help people pay, earn, save, and get paid in crypto all in one place. We can also help businesses to accept payment, and reward customers, in both crypto tokens and fiat currencies.

"Our team has extensive experience both in 'traditional' fintech and crypto, which enables us to build the business with a focus on regulation and security and a passion for bringing innovative Web3 technology to our customers. It's a hugely exciting time and I can't wait to turn that vision into reality along with my colleagues at Mode."

Commenting on the announcements, Jonathan Rowland, Chairman at Mode said: "The appointment of Rita as CEO and Jonathan to the board is part of the next exciting phase of growth for Mode. Rita is an influential figure in fintech with a clear vision for the future and the credentials and expertise to deliver. 

"Likewise, Jonathan's years of technology experience also allows Mode to be at the forefront of technological innovation. His appointment to the board underlines the undoubted importance we place on tech capability.

"We are excited for this next phase of Mode. 2022 will be a year of execution and growth, and our team is fully committed to deliver."

ENDS

Press contacts:

Milo Larkin, MRM

020 3326 9926 / 07471 351 584

[email protected] 

Notes to Editors

About Mode: 

Mode is an LSE-listed fintech company on a mission to build the world's most disruptive ecosystem where exchanging value and growing wealth is seamless for all. Mode is leveraging the power of Bitcoin and Open Banking to deliver on this mission and offer customers in the UK a one-stop app to shop, earn and grow their Bitcoin, all in one place. For businesses, Mode provides a cheaper, safer and smarter alternative to card payments that rewards shoppers with Bitcoin Cashback. 

To learn more, visit our customer/business site at www.modeapp.com or our investor site at www.modeplc.com.