Traxpay appoints Jochen Siegert as chief operating officer

Source: Traxpay

Traxpay, leader in B2B Dynamic Payments, today announced the appointment of Jochen Siegert as Chief Operating Officer.

With an impressive pedigree in the payments industry, Siegert has held senior executive management positions at FinTech giants PayPal and MasterCard. Reporting directly to the company’s CEO, his deep understanding of the financial technology sector will be a key advantage to accelerating Traxpay’s global expansion from an operations standpoint.

Jochen Siegert joins Traxpay from the Berlin-based FinTech seed investment firm, FinLeap, where he was Partner and CEO of two early stage companies, and remains a member of the advisory board. Prior to FinLeap, he was Managing Director of monetization for online games pioneer Bigpoint, working with 350 million customers and 200 payment partners around the globe. From 2008 through 2012 Siegert helped establish online payments giant PayPal in Europe as one of the first employees of their EU headquarters in Luxembourg, serving most recently as EMEA Director Strategy and Corporate Development. Prior to joining PayPal, he led the product and partner management team of KarstadtQuelle Bank, at the time the largest MasterCard issuer in Germany. He joined the bank directly from MasterCard where he held various senior product and business development positions at MasterCard Germany and later MasterCard Europe.

“After all of the innovation and attention surrounding the B2C space in recent years, the payment industry is now anxiously awaiting a revolution in the B2B sector so that enterprises can profit from the same kind of flexibility, transparency and speed that consumers have come to expect,” said Jochen Siegert. “Traxpay, with its B2B Dynamic Payments platform, is uniquely positioned to transform the way business pay and get paid, and I am thrilled to be joining the company and the management team at such a pivotal point in time, to helping accelerate global expansion.”

“There are very few experts in the financial technology sector that have the breadth and depth of experience that Jochen Siegert brings,” commented Traxpay’s CEO John Bruggeman. “We share a common vision for where the industry is going, and what the market is expecting in terms of innovation for companies transacting on a global scale. I am confident that as COO, Mr. Siegert and his team will play a key role in our growth and international expansion.”
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