Bango Revolutionizes Leadership with Appointment of New CFO
Portfolio - People | Jan 20, 2025 | Business Cloud
The article reports on the recent leadership change at Bango, a Cambridge-based payments insights company. Matt Garner has retired as CFO and is succeeded by Matt Wilson, who brings 17 years of international corporate finance experience, having previously served as group CFO at TFG London and CFO at AllSaints. Bango, known for its innovative approach to monetizing digital content and services by enabling online payments via mobile phones globally, has shown significant financial growth. The company reported a 16% increase in revenue to $53.4 million and a 137% rise in adjusted EBITDA to $15.2 million for the year ending December 31, 2024. The integration of DOCOMO Digital and the development of the Digital Vending Machine have been key strategic moves during Garner's tenure. CEO Paul Larbey expressed gratitude to Garner and optimism for Wilson's contribution to the company's growth journey.
Sectors
- Financial Technology (FinTech)
- Digital Content and Services
Geography
- United Kingdom – Bango is a Cambridge-based company in the UK, and its operations and leadership transitions are primarily within this geography.
Industry
- Financial Technology (FinTech) – Bango is involved in financial technology through its payments insights and monetization of digital content. The industry is marked by innovation in payment solutions, which is Bango's core focus.
- Digital Content and Services – Bango revolutionizes the monetization of digital content and services by opening online payments to mobile users, which fits within this industry.
Financials
- 53.4 million USD – Revenue reported by Bango for the 12 months ending December 31, 2024, marking a 16% increase.
- 15.2 million USD – Adjusted EBITDA reported by Bango for the same period, showcasing a 137% increase.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bango | Target company | Company | A Cambridge-based payments insights firm that focuses on the monetization of digital content and services. |
| Matt Garner | Outgoing CFO | Person | Former CFO of Bango, contributed to significant financial and strategic achievements during his tenure. |
| Matt Wilson | New CFO | Person | Newly appointed CFO of Bango, brings wealth of corporate finance experience from previous roles at TFG London and AllSaints. |
| Paul Larbey | CEO | Person | CEO of Bango, provides strategic direction and oversees company growth and operations. |
| DOCOMO Digital | Acquired company | Company | Company acquired by Bango, contributing to its strategic growth and integration efforts. |