Fidel API, a worldwide monetary infrastructure platform, right this moment introduced the appointment of Salman Syed as Chief Working Officer because it gears up for continued progress throughout its key markets in North America, Europe, Asia Pacific and the Center East.
With Syed’s appointment, Fidel API has additionally opened a San Francisco workplace to be nearer to purchasers and companions, together with a number of the world’s largest expertise corporations. The brand new workplace presence additionally permits Fidel API to faucet into the Bay Space’s broad expertise base.
“The Fidel API platform allows builders to construct new experiences with real-time information that can rework the funds ecosystem over time,” stated Syed. “The corporate is in a wonderful market place, with a rising shopper base and robust staff behind it. Our entry into Silicon Valley is a vital step as we proceed to scale. I’m thrilled to hitch Fidel API throughout this thrilling stage of progress and to assist speed up this subsequent chapter for the enterprise.”
Syed brings a wealth of expertise within the funds trade by way of roles at each Mastercard and Marqeta. He spent a number of years at Mastercard working throughout technique, product administration, and partnerships. Most just lately, he was the Senior Vice President and Common Supervisor for North America at Marqeta. In his function, Syed was answerable for the corporate’s go-to-market and operational actions within the US and Canada, its largest market. Syed led Marqeta’s entry and enlargement into a number of new industries, speedy income progress and performed a key management function in scaling the enterprise from roughly 70 folks to over 900 over the previous six years.
“Salman is a builder, an trade govt with intensive go-to-market expertise and has a deep experience in fintech and funds,” stated Dev Subrata, CEO and co-founder at Fidel API. “Since launching our New York workplace two years in the past we’ve got seen super demand for our platform within the US. Broadening our footprint to Silicon Valley is a key step in increasing our enterprise within the area. Salman is properly positioned to assist Fidel API speed up its progress and I stay up for working carefully with him.”
The appointment follows the corporate’s Sequence B announcement, which was led by Bain Capital Ventures, with participation from present buyers NYCA Companions, QED Buyers and extra. The funding will assist Fidel API scale its workforce, product choices and international presence, with the US market a precedence on this stage of progress.
Fidel API opened its first US workplace in New York in 2020. At present, start-ups by way of international enterprises, together with Google and the Royal Financial institution of Canada, leverage Fidel API’s instruments to energy a spread of options together with omni-channel attribution, loyalty and rewards, expense administration and private finance administration.