UK-based Fintech group Mode has announced the acquisition of Chris Skinner, who will be joining the company’s advisory board with immediate effect.
Mode is a banking app with a focus on Bitcoin. It allows users to stake Bitcoin within the app to earn compounded weekly rewards.
Skinner’s appointment comes just days before Mode Fintech group is planning to IPO on the London Stock Exchange.
He joins Mode on the back of being well-known as an independent commentator on the financial markets and fintech through his blog and as author of many bestselling books, the latest of which is Doing Digital.
Skinner is also Chair of the European networking forum The Financial Services Club and Nordic Future Innovation.
📈 Mode is proud to announce that the FCA has approved our IPO prospectus! We expect to be admitted to the @LSEplc on Monday. You can read the full announcement here: https://t.co/1Ckuu700wr #IPO pic.twitter.com/zx1qK5OcFi
— mode_banking (@mode_banking) September 30, 2020
He will advise the executive team on Mode’s business strategy, as it builds out its digital banking app and further develops its payments and loyalty business.
On his new role, Skinner said: “I’m excited by Mode’s proposition to transform analogue banking and payments ecosystems into a truly digital offering. Consumers and companies currently pay too high a price in terms of fees and frictions when they buy and sell goods and services. Integrating loyalty, payments
Jonathan Rowland, Executive Chairman at Mode, added: “We’re delighted to have Chris on board. His reputation in fintech and his innovative thinking will help us advance Mode’s mission to transition the world to a wholly digital financial system.”
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Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.