Luno co-founder, Marcus Swanepoel, has recently announced his retirement as the CEO of the cryptocurrency exchange and wallet provider. In his place, James Lanigan, the current COO who has been with the company for the past five years, has been appointed as the new CEO. The move comes as Luno aims to generate funding and prepare the company for public listings.
Swanepoel will continue to work with Lanigan as the company's executive chairman, guiding its vision and strategy and focusing on broadening its investor base to support future growth. Luno has partnered with Canaccord Genuity Group and Digital Currency Group (DCG) to secure funding from new institutional and prudent investors.
DCG acquired Luno in 2020 following its Series B funding round and initial investment in its seed round in 2014. DCG will provide capital, strategic guidance, and other assets to help Luno expand its business model.
Lanigan has played a significant role in establishing Luno as a top brand across multiple markets. He has built local teams throughout Africa, Europe, and Asia Pacific and developed Luno's product portfolio. Before joining the cryptocurrency business in 2018, he worked in senior commercial, operational, and marketing roles across multiple industries.
In a statement, Swanepoel expressed his excitement about Luno's next chapter and praised Lanigan as a seasoned operator and an outstanding leader. Lanigan, on the other hand, said that he is passionate about continuing to help Luno build responsible products and services that guide customers along every step of their crypto journey while maintaining the company's dedication to trust, security, and compliance.
Play audio
No comments