CLOWD9 appoints former Carta Worldwide COO and Mastercard Product Lead Richard Wray as Chief Product Officer

CLOWD9, a pioneering force in the payments technology sector, is pleased to announce the appointment of Richard Wray as its new Chief Product Officer (CPO). Richard, formerly the Chief Operating Officer (COO) of Carta Worldwide, brings a wealth of experience and innovation to CLOWD9, further strengthening the company’s commitment to delivering cutting-edge financial solutions.

As COO at Carta Worldwide, Richard Wray played a pivotal role in propelling the payments company to new heights in the fintech industry, as well as being instrumental in supporting and launching Mastercard’s Digital Enablement Services (MDES). Now, as CPO at CLOWD9, Richard will continue to drive and enhance the company’s innovative payment technology service offerings.

Founded by Suresh Vaghjiani, Cosmo Spens, Artur Grabowski, Robert Hampel, and Peter Selman, CLOWD9 was created to transform the technology that underpins the global payments system. To date, innovation in payments technology has predominantly focused on front-end systems, leaving back-end systems fragmented and lacking truly global solutions.

Built entirely in the cloud, CLOWD9 has removed the need for physical hardware. Its decentralised model allows virtual access to the platform around the world, via multiple ‘instances’ allowing the transactions to be processed locally in each region or country with unrivalled reliability.

Suresh Vaghjiani, CLOWD9 founder and CEO said: “We are delighted to welcome Richard to the senior management team at CLOWD9. His exceptional track record in payment innovation with in-depth knowledge from his time at other processors and Mastercard strengthens the team to lead our product development pipeline and drive our innovation agenda as we continue to expand globally.”

Richard Wray, CPO of CLOWD9, said: “I am excited to join CLOWD9 and contribute to its mission of transforming the payments sector. The combination of talent and innovative payment technology services driving CLOWD9 is truly exciting. I am eager to lead CLOWD9’s efforts in creating groundbreaking products that meet the evolving needs of our customers.”

Headquartered in London, CLOWD9’s investor base includes an array of senior financial executives and family offices. It has over 40 full-time employees and is the first payments-processor to be B-Corp certified.