Inpay strengthens management team with several strong profiles and Thomas Jul as new CEO

Today, the Danish fintech company Inpay, which offers solutions for international online payments and money transfers, is boosting its ranks with several strong management profiles and a new CEO. The appointment of Thomas Jul as CEO will drive Inpay’s continued growth with a strengthened cross-border payments product offering, wider geographic reach and increased market orientation. The position was approved by the Danish FSA in January 2022.

Having worked in leadership roles across the world, Thomas has a strong record of commercial C-level leadership roles under his belt at both Nets and Ericsson, combined with 15 years of executive leadership at Nokia. A software engineer by education, Thomas also comes with business qualifications from Harvard Business School, The Wharton School, Columbia Business School and more.

As the new CEO, Thomas brings a strong team to Inpay to further strengthen the company’s international growth and deliver an even stronger focus on compliance, customer service and product development – with the goal of promoting global financial inclusion. 

Additionally, there are several well-known names from the international payments community selected for the new leadership team. Amongst others, Charlotte Bender will join the company as the new CFO from 1st March 2022. Charlotte has been CFO in several companies and has extensive experience in tech and financial management. Furthermore, the leadership team is strengthened with Jens Heurlin, as Group General Counsel and Camila Witt, who is the new Chief Risk & Compliance Officer. Camila Witt comes with a background including Danske Bank and Mobilepay. Jens Heurlin has more than three decades of industry experience as a member of the top management at, among others, Nets and PostNord.

Moreover, Thomas will also take the helm of Eurogiro, the global postal network body that Inpay acquired in 2018. 

This move will bring the companies even closer together, further increasing the business proposition to customers of both companies as Inpay’s customers can utilise Eurogiro’s products including making cash payouts in post offices across the globe. This is a valuable proposition to businesses with customers in rural, hard to reach and cash-heavy regions as well as to postal organisations expanding their financial offering into a digital future.

Both companies will continue to work together to propel their combined vision and activity to reduce global financial exclusion by increasing the accessibility of fair and secure financial services to the financially underserved.

Thomas Jul, with his international experience from management positions abroad, has seen first-hand the challenges of securing people’s access to the global economy in parts of the world with less developed technological and regulatory infrastructure. 

Latest World Bank figures show that nearly 1.7 billion adults live without access to banking or mobile payment solutions. Yet financial inclusion is on the rise worldwide, with around 1.2 billion people included in the financial system since 2011. Therefore, easy and secure payment solutions and money transfers across borders are a necessary development, and it was Inpay’s vision to contribute and lift financial inclusion globally that attracted Thomas Jul to drive the management of Inpay forward: 

“Financial inclusion is about empowering people who want to act and contribute positively to the global economy – including citizens who do not live in a country characterised by wealth and strong financial, technological and social infrastructure. Inpay contributes to this with a high level of safety, regulatory and security controls. I am very much looking forward to lifting that vision further”, says Thomas Jul. 

Additionally, Thomas said: “I am delighted to join the Inpay and Eurogiro family. For 14 years Inpay has been providing instant cross-border payments for less to its customers around the world and I look forward to propelling its journey. The breadth of customers that we serve in combination with the professionalism and passion of the team here bode well for a future where we can continue to grow through meeting the increasing needs of our customers.

“Corporate and retail customers look set to make $250 trillion worth of cross-border payments by 2027 and I’m pleased we can help businesses, postal organisations and financial institutions offer fast and secure cross border payments to their customers for less.”

Former CEO Jacob Tackmann Thomsen who founded Inpay in 2008, with the clear vision that cross-border payments should be as cheap, safe, fast and easy as local bank transfers will continue in an executive position on the board of directors, ensuring that both his wide-ranging experience and vision will remain central to Inpay’s success, says “Thomas Jul is the right person to take Inpay to the next level in the company’s journey. We are delighted with the new strong management team and I look forward to focusing my efforts on the Board and the work on strategic development now”.