European financial service provider payabl. has confirmed the appointment of Marios Tsiailis as the company’s new CFO.
Tsiailis brings with him a track record of experience in professional services, working in corporate finance and strategic planning. He will focus on driving initiatives and optimising payabl.’s financial framework for sustainable growth as the company continues to expand across Europe.
Ugne Buraciene, Group CEO of payabl., said: “We are thrilled to welcome Marios Tsiailis as our new Group CFO.
“It’s a really exciting time for us, and as we continue to expand, we aim to accelerate our sustainable growth. Marios’ experience and vision will be invaluable as we continue to innovate and enhance our business.”
Formerly holding a leadership position at PwC in both the UK and Cyprus, Tsiailis was most recently the Director in the Deals division at PwC Cyprus. It is here that he displayed expertise in financial planning and corporate finance that made him the ideal CFO, according to payabl.
Tsiailis has over a decade of experience in finance across multiple sectors and will collaborate with payabl.’s C-suit team to drive new strategic initiatives to enhance financial performance and support the company’s growth.
He commented on his new role: “I’m honoured to be taking on this new role at payabl., and incredibly excited to play an integral role in the continued success of the business.
“payabl. is currently on a strong growth trajectory, making it crucial to maintain a healthy financial environment. This stability will not only support our ongoing expansion but also enable us to seize new opportunities and navigate potential challenges effectively.”
As previously mentioned, payabl. has accelerated plans to expand across Europe over the past year, starting with the clearance of an Electronic Money Institution (EMI) licence in the UK last year.
This followed an EMI licence clearance with the Bank of Cyprus to enable payabl. to offer its services more broadly across Europe, with Tsiailis no doubt playing an integral role in the company’s operations in the region.
