STATEMENT: TerraPay welcomes Louise Brett as independent director

(Information sent by the signatory company).

STATEMENT: TerraPay welcomes Louise Brett as independent director

(Information sent by the signatory company)

LONDON, March 4, 2024 /PRNewswire/ -- TerraPay group, the world's leading cross-border payments network, is pleased to announce the appointment of Louise Brett as independent director of Terra Payment Services (UK) Limited (TerraPay UK). Louise brings a wealth of experience and a distinguished career in the financial services industry.

In this role, Louise will serve as a vital link between TerraPay, the broader financial ecosystem and TerraPay stakeholders, to maintain the highest standards of governance, diversity and inclusion, and a culture of compliance. With her extensive experience in fintech and financial services, she will bring a unique outside perspective to the board, enhancing TerraPay's governance model to align with the company's growth and ambitions.

Louise's career includes her tenure as vice president of Deloitte UK and head of financial services and fintech innovation at Deloitte Europe. She has been a driving force in shaping Deloitte's response to the fintech boom, fostering financial inclusion and promoting local fintech excellence on the global stage. Her strategic vision, practical approach and commitment to inclusive leadership have distinguished her as a leader in the industry. She has worked across the ecosystem with financial services clients, government agencies, regulators, advisors, venture capitalists and the broader fintech community. As a former banker and leader, she understands the nuances of balancing strategic vision with the reality of a highly regulated sector. Louise believes strongly in the power of inclusive leadership and diversity of thought to drive superior long-term success.

As Chair of TerraPay UK's Board and Governance Risk and Compliance Committee (GRC), Louise will play a key role in ensuring the company's governance model evolves to embrace TerraPay solutions and enhance its reputation. Her experience will provide the necessary challenge and guidance, situational awareness and horizon scanning to support TerraPay's strategic narrative and long-term success.

Ambar Sur, Founder and CEO of TerraPay, expressed his excitement at Louise joining the team: "We are delighted to welcome Louise to TerraPay as our UK Independent Director. Her extensive experience and strategic acumen will be invaluable to us. "Shape the future of TerraPay. We believe his experience will further strengthen our governance standards and contribute significantly to our growth path."

Speaking about her new role, Louise said: "I am excited to begin this new journey at TerraPay. For fintechs scaling and maturing like TerraPay, it is important to see a determination to be 'fit' for growth. Adopting regulatory frameworks and the principles of hand in hand with a passion for innovation, are creating the fundamental foundation for future success. I look forward to supporting this growth in the years to come."

Louise is a celebrated industry leader and was recently featured in the prestigious Women in FinTech PowerList 2022, highlighting her exceptional achievements and influence in the fintech sector. Previously, she was a board member of The ScaletUp Institute and UK Women in Payments.

As Louise takes up her role as Chairman of the Board, TerraPay UK looks forward to her guidance, leadership and strategic insights as we navigate the ever-evolving payments landscape. Especially since the company has obtained authorization as an Electronic Money Institute (EMI) in Italy and is ready to expand its operations in the country and subsequently throughout the EU.

About TerraPay

TerraPay simplifies the movement of money everywhere: providing a single connection to the largest cross-border payments network regulated in 30 global markets and enabling payments to 140+ receiving countries, 210+ issuing countries, 7.5 billion+ bank accounts and more than 2.1 billion mobile wallets. TerraPay is on a mission to connect a borderless financial world, making moving money everywhere instant, reliable, transparent and fully compliant. TerraPay pushes the boundaries of global businesses, from banks, fintechs and money transfer operators to travel companies, creative economy platforms and e-commerce marketplaces, while driving financial inclusion in even the most inaccessible markets. Founded in 2014, TerraPay is headquartered in London with global offices in Bengaluru, Dubai, Miami, Bogota, Dar es Salaam, Kampala, The Hague, Dakar, Joburg, Nairobi, Milan and Singapore and is expanding rapidly, having received funding from leading investors including IFC (the World Bank), Prime Ventures, Partech Africa and Visa.

Contacts: Juveria


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