Fintech Canopy appointed a business development manager to lead the expansion in Europe. The new hire will be based in Switzerland and responsible for expanding the Singaporean firm's markets.
Canopy named Sinan Biren (pictured left) as business development leader for Europe, the fintech said in a memo on Monday. Biren will be responsible for setting up the company's recently-opened Swiss office in the city of Zug, also know as crypto valley.
Biren will work with Canopy's clients in Switzerland and in other parts of Europe. «After the successes with private banks and wealth managers in Asia, the time is now ripe to expand our horizons and invest in new markets,» Tanmai Sharma, CEO and co-founder of Canopy, said.
Complex Banking Relationships
Biren was previously responsible for business development at M2Wealth, and has worked at various other financial technology firms like Dell EMC and DealMarket. He holds a Masters in International Business Administration from Bournemouth University.
«Like in Asia, high net worth individuals have complex banking relationships and need the holistic view of their investments that Canopy provides,» Sharma said. «With the recent release of Canopy Analytics in combination with our ability to process data from any source and any format we believe we have a significant edge over other providers in the European market.»
Funding From Credit Suisse
Last year, Canopy raised $3.4 million in fresh funding from investors including Credit Suisse, Switzerland's second-largest bank, as well as Lionrock Capital, as finews.asia reported. The company, formerly known as Mesitis, is an anonymous account aggregation and analytics platform for financial institutions, wealth management professionals, and HNWIs.
