Railsbank poaches new chief product officer from Wise

Railsbank, a Banking-as-a-Service (BaaS) and embedded finance provider, has appointed Stuart Gregory as Chief Product Officer. 

Gregory joins from Wise (formerly TransferWise), where he was managing director of Wise Business and Wise Platform where he worked for five years, leaving shortly after its blockbuster stock market listing this summer.

At Wise he built, launched and scaled the business propositions and says at the time of its float the two divisions represented 20 per cent of the firm's business. He hired and led the business product and sales teams, as well as supporting other areas including customer support and product risk.

He joins Railsbank to lead its product, engineering and partnerships as Railsbank gears up for global growth of its embedded finance plans.

Prior to Wise Gregory was VP product at Paysafe Group where he was responsible for all consumer products, representing €100m of revenue. Before that he was VP head of Visa checkout product development, at Visa Europe. 

Nigel Verdon, co-founder and CEO of Railsbank, said of Gregory: “We value his insights, knowledge and experience of scaling a business which will be of benefit to both our customers and the Railsbank team. Railsbank continues to rapidly expand and Stuart will play a leading role in our future ambitions.”

Gregory added: “Embedded Finance is a huge opportunity. It finally moves us beyond stand-alone financial services, and brings them directly into the context of our relationships with people and brands.”

Railsbank is headquartered in the UK and has offices in Singapore, the Philippines, Malaysia, Vietnam, Sri Lanka, Australia, the US, Germany and Lithuania.  It raised $70m in its latest funding round in July.