Eric Nicoli moves from investor to chairman of Centtrip
04 May 2016 | 3198 views | 0
Eric Nicoli, former Chairman and CEO of EMI Group plc and Group Chief Executive of United Biscuits plc, has been appointed Chairman of Centtrip, one the UK’s fastest growing and award winning fintech companies.
Having been one of a number of high profile early investors in the company, he has extended his involvement and is now a significant addition to the company’s board bringing a wealth of experience and knowledge of international business at the highest level.
Centtrip is a Global Currency Account with an online payment platform and multi-currency prepaid MasterCard® card that launched in 2015 targeting affluent individuals and companies with a commitment to international bank payments and travel expenditure. Centtrip provides customers with access to the live market and real foreign exchange rates with 0% spread or commission through one multi-currency account.
Customers pay a maximum of 0.5% to load money to their account and can deposit and hold funds in 14 currencies and send payments worldwide in all major and most ‘exotic’ currencies. The prepaid MasterCard card can also hold 14 currencies simultaneously and comes with significantly higher balances and spend limits compared to c. £5,000 for most prepaid currency cards(1).
Centtrip now has over 5,000 clients across a range of business sectors including luxury yachting, professional services and the music and sports industries.
With a dedicated account manager and specialist customer service team, the Centtrip account provides clients with one central platform to set up and manage multiple cost centres suited to individual business needs. Customers can manage their accounts online 24/7 and have one centralised account which has the benefit of lower costs than those typically associated with using multiple bank accounts.
Eric Nicoli, Chairman of Centtrip said: “I was very excited about Centtrip before it launched and invested at the earliest opportunity. Centtrip is a ‘disruptor brand’ in the best possible sense - it is revolutionising the way people and companies manage their international currency expenditure and exposure. The people, their values and visionary approach to innovation, technology and customer service is infectious and I am now even more excited about the impact the business will continue to have into the future. It was a very easy decision for me to accept the position of Chairman.”
Brian Jaimeson, Co-Founder, Centtrip said: “We are delighted that Eric has joined the team. He brings a huge amount of experience and wisdom but his real passion for Centtrip was equally critical in our thinking.”
“We experienced over 100% growth quarter on quarter last year building an impressive client base along the way. Our technology development is relentless as we’ve just demonstrated by adding international bank to bank payments to the account.”
“2016 promises to be another exceptional year for us both in terms of growth and further developments. For sure, Eric’s influence and guidance will be a real asset to us particularly as we extend our services beyond Europe.”