About This Episode

This week we meet up with Suresh Vaghjiani CEO of CLOWD9. Founded by Suresh in 2022, CLOWD9 is the world’s first cloud-based issuer processing platform. He is an experienced financial services executive having held senior roles at both FCA regulated and leading edge technology companies. He previously served as CEO of Tribe Payments and Managing Director and President at Global Processing which is now Thredd. Prior to this, Suresh held senior roles at FTSE companies Paysafe Group PLC and Kalixa Payments Group. In our conversation today, we discuss why the payments industry has been behind in moving to the cloud and examine the latest trends in the issuer processing market. We also discuss CLOWD9’s B Corp status, which again it is one of the first payments companies to have achieved, and discuss what it takes to build effective teams and a lot more besides. So I do hope you enjoy this conversation with Suresh.

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Listen to the episode

Episode Links

Guest Linkedin: https://www.linkedin.com/in/suresh-vaghjiani/

Company Website: https://www.clowd9.com/

Company on LinkedIn: https://www.linkedin.com/company/clowd9/

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Guest Bio

Suresh is a highly experienced senior executive with a proven track record of leading rapid growth companies.  He has expertise in developing products and services on behalf of both, financial technology, as well as FCA regulated companies.  

Bringing a wealth of knowledge in global payments with prior roles as CEO of Tribe Payments, President of Global Processing Services, as well as FTSE companies such as Paysafe Group and Kalixa Payments Group, Suresh has represented the Fintech sector and the UK Government on a number of trade missions to Mexico, Canada and China. He was also involved in a historic delegation with the Rt. Hon. Lord Mayor of London to the southern hemisphere. He has hosted meeting with senior ministers including Prime Minister Boris Johnson.  

He has a substantial understanding of electronic money, throughout its complete value chain, with strategic knowledge on what works and does not work in various international markets, having worked with the likes of Revolut, Starling, Monzo, Curve and many more from inception.  

In 2011, Suresh launched the first ever contactless wristwatch in the UK. This is in addition to being responsible for launching the first App controlled NFC solution for the iPhone in Europe.

Suresh was one of the first fintechs to join the UK contactless committee which had previously only had representation from tier 1 banks, he also worked with Transport for London to pilot some of the first contactless wearables to use on the London transport network.

In 2017 Suresh became the first non-American in its 11-year history to be awarded the prestigious Industry achievement award by PAY magazine and, In 2018 Suresh was voted #1 in the Payments Power 10, an annual top ten list of key influencers in the payments industry voted by the industry.  

Suresh was selected to join the working group for the Payment Strategy Forum which helped shape changes in the payments industry that the FCA implemented through the Payment Systems Regulator.

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This article is part of Leaders in Payments & Fintech, a podcast and newsletter bought to you by EDC. Join me and follow Leaders in Payments & Fintech today on Apple, Spotify, or your favourite podcast app for conversations with today’s global leaders in payments and Fintech.

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