Xace, a gaming account provider, has appointed fintech and igaming investor Julian Buhagiar as a Non-Executive Director.
The new appointee’s primary role at Xace will be to leverage his cross-industry knowledge to provide advice as Xace looks to further expand its presence in the gaming sector, whilst also mentoring the company’s senior management team.
Having launched just over a year ago, Xace has experienced a ‘rapid expansion’ by onboarding several prominent gambling operators, offering its clients business payment accounts in multiple currencies.
The company’s growth strategy saw it establish a new head office in European gambling hub Malta last year, as the firm looked to expand its presence on the continent by facilitating enhanced business development across key international markets.
David Hodkinson, Xace CEO, said: “I am thrilled to have someone of Julian’s calibre joining Xace. His deep knowledge of the gaming and fintech industry, combined with his intellectual capacity cannot be overstated.
“I am certain that with Julian’s guidance we’ll be well-placed to achieve our ambitious goals for Xace in the coming months.”
Buhagiar’s industry experience has seen him invest in and co-found gaming, fintech and media M&A and investment brokerage firm RB Capital – subsequently overseeing a number of M&A transactions.
Additionally, he is also a founding partner and GP at Yolo Investments, a venture capital enterprise with a focus on gaming and fintech opportunities, which has so far invested over €400 million in 68 companies.
Commenting on his new position, Buhagiar added, “I am delighted to be joining Xace as their growth continues to strengthen. David and his team have quickly established Xace as the banking and payment services destination to an ever-increasing proportion of the gaming and finance industry. I am thrilled to be joining at such a vital stage of the company’s evolution.”