Blockchain technology provider Finboot has recruited three senior team members to help establish its new UK headquarters in Cardiff.
Gethin Davies, Joel Wray and Michael Falarczyk join as business development managers.
Finboot, whose product MARCO acts as an ecosystem bringing together blockchain technology for companies to incorporate within their value and supply chains, expects to grow the team further in the coming months..
The Cardiff-based office is the company’s first outside of its Barcelona base with the Welsh city identified after the business secured a £2.4m equity investment from investors including the Development Bank of Wales and energy company Repsol. The company is currently looking to top up funding as it continues its growth plans.
Davies joins from Solid Solutions Management, Wray joins from Hays and Falarczyk joins from DueDil.
The move will enable Finboot to become part of Wales’ growing blockchain community and its dedicated network, Blockchain Connected.
Juan Miguel Pérez Rosas, chief executive of Finboot, said: “Blockchain technology has the potential to solve some of today’s most pressing challenges for businesses – from digitalisation to verifying sustainability credentials and supply chain transparency. As a new team, we look forward to immersing ourselves in Wales’ growing blockchain scene and making the most of the new opportunities it brings.”
David Blake, investment executive with the Development Bank of Wales, added: “The opening of Finboot’s UK headquarters in Cardiff marks a significant step in the company’s journey and we’re delighted to be part of it. We wish Gethin, Joel and Michael a very warm welcome and look forward to realising their contribution to the thriving blockchain scene here in Wales.”