Stephen Cheng Appointed Chief Executive Officer of Wyre

SAN FRANCISCO–(BUSINESS WIRE)–Wyre, a leading digital assets and payments infrastructure provider, today announced that Stephen Cheng has been appointed as Chief Executive Officer. Mr. Cheng has served as interim CEO since the beginning of 2023.

“We are excited to appoint Stephen as our Chief Executive Officer, a role he has performed exceptionally on an interim basis turning around the company amidst a challenging economic environment,” said Pascal Levy-Garoua, independent Director on Wyre’s Board of Directors. “Stephen is an accomplished and respected leader whose track record of helping businesses safely and securely grow and scale their platforms is second to none. We look forward to working with Stephen to drive Wyre into its next era of growth.”

Prior to being named interim CEO in January 2023, Mr. Cheng served as Wyre’s Chief Risk and Compliance Officer. Before joining Wyre in 2021, he was the Chief Compliance Officer and BSA AML Officer at Prime Trust and Chief Compliance Officer of a public financial technology and bank holding company, Green Dot Corporation, where he also served as Chair of the bank’s Risk Management Committee. Before that, he held senior compliance roles at First Data Corporation (now Fiserv) and at American Express.

“I am honored to continue to lead Wyre and serve our incredible community of partners and customers,” said Mr. Cheng. “The current dislocation in financial markets has presented Wyre with a tremendous opportunity to help innovators and businesses better reach and serve customers worldwide. I have the utmost confidence that our talented team and dedicated partners will enable us to achieve our goal of making the new global economy more accessible, safe, and secure.”

About Wyre

Wyre is the leading digital assets and payments infrastructure company that powers the new global economy so innovators can accelerate adoption of trusted and modernized financial services. The company bridges traditional and decentralized finance globally to enable businesses and consumers to seamlessly interact with fiat currencies and digital assets securely, quickly, and 24/7/365 at a fraction of the cost. The company has “on-ramped” over 8 million end users and has processed over $12B in transactions. “Checkout,” Wyre’s flagship product, is the world’s fastest fiat-to-digital assets gateway and has helped hundreds of digital assets applications scale and better reach customers. Wyre has been a pioneer in the digital assets and payments space since 2013 and maintains regulatory licenses globally, supporting customers in over 100 countries, and empowering them with blockchain technology, so that transacting in Web3 is as safe, sound and frictionless as possible. For more information, please visit www.sendwyre.com.

Contacts

Media:

Carissa Felger/Liam Walsh

media@sendwyre.com
(212) 257-4170