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Within 18 months of resigning from Bank of Queensland (ASX: BOQ) for health reasons, finance industry veteran Jon Sutton is taking on a new challenge with Gold Coast-based foreign exchange payments startup SendFX.
Co-founded by Ian Cragg and Paul Billing last year, SendFX's mission is to create a global banking network that uses cutting-edge blockchain and payment technology, while removing the expensive and complex layers typically associated with international banking.
The pair won the Startup category at last year's Gold Coast Young Entrepreneur Awards, and were finalists in the Australian Young Entrepreneur Awards 2019.
Now the business will be given a boost with Sutton on its advisory board, working alongside CEO Paul Billing and Send's management and advisory committee.
"A man of Jon's caliber and experience could work with anyone, so we're proud that he has chosen to work with Send," says Billing.
"We're looking forward to tapping into his knowledge to help catapult Send's growth and product offering so we can provide even more value to our partners and clients."
Sutton says he is inspired by the company's people, the passion they have for their customers and the values they hold, while he is excited about "being part of a team that is disrupting traditional business models and focusing on creating value for the customer".
"Technology is driving disruption across all industries at pace. Consumers and businesses are demanding intermediaries to deliver services that are transparent with minimum friction," he says.
"Send is in a prime position to partner with corporates and consumers to drive real partnerships in a digital world that delivers value."
The new advisory board member says his strengths will be as a sounding board to the team as they develop the business at pace, and he looks forward to helping with key customer acquisition, capital raising and new growth opportunities.
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