Thomas Eriksson, who will also make an investment in the company, is looking forward to his new role.

“I am incredibly excited about the opportunity - to help develop Betalo in partnership with management and the Board. The world of banking is rapidly changing and with Betalo’s position and team, I see great potential. I have more than 25 years of financial experience and and I look forward to helping the company deliver on its mission of fair everyday banking products,” says Eriksson.

Betalo has also elected new board members Rami Avidan, Managing Director of Tele2 IoT, and Ludvig Blomqvist, Partner at Evershed Advokatbyrå.

The new members join existing Chairman of the Board Sven Estwall, who has held senior roles within SEB, Visa and Mastercard.

“When Betalo recently added foreign transfers to their product portfolio, they started a journey towards becoming a mobile bank. Deep experience and knowledge is needed along that path, and with our new board, Betalo has a board with unique competence within Stockholm’s FinTech world,” says Estwall.

“Our Board of Directors’ international banking expertise, commitment to fair and transparent products, and ability to make things happen adds great value to our Board,” said Stefan Salomonsson CEO of Betalo. “I’m excited to have all of them on the team, especially as we scale our business internationally.”

Betalo’s Board of Directors also includes Eli Daniel Keren, and Stefan Salomonsson.