June 22, 2022

Stanhope Financial Group hires Rob Groombridge as Chief Product Officer following $10m funding round

Payments industry veteran Rob Groombridge has been appointed as Chief Product Officer, tasked with leading the group’s card and payments product offering in conjunction with Gate.io. Groombridge brings with him over 30 years of experience working across international markets. He has previously served as Chief Commercial Officer for Cardoro, a fintech firm focused on providing card solutions via APIs and Glownet, a leading technology provider to the global event industry, providing payments services and solutions.

Stanhope Financial Group has seen significant growth across its business divisions since it began operations in October 2021. The company’s SH Payments division, licensed as an Electronic Money Institution, offers businesses banking services to efficiently send and receive money globally, including FX, multi-currency accounts, and innovative payments solutions. The company’s SH Capital division, which is licensed in the DIFC, Dubai, allows institutions and family offices to gain access to premium global investment products across all capital markets.

Its affiliate company, SH Digital, offers cryptocurrency liquidity and trading services. Stanhope Financial Group has also been granted financial services licences by both the Bank of Lithuania and (IPA) by Dubai Financial Services Authority (DFSA).

Rob Groombridge, Chief Product Officer, Stanhope Financial Group said: “Stanhope is at the forefront of the payments industry, designing, building, and launching incredible products and services that will reshape the market. I look forward to working with

the team to develop our global payments services, onboard new partners and deliver agenda-setting products that transform the way the industry operates.”

Kevin von Neuschatz, Group CEO of Stanhope Financial Group, said: “Following our hugely successful Series A funding round, we are delighted to welcome Rob to our fast-growing senior team. These are incredibly exciting times for Stanhope, as we develop game-changing solutions, that we hope will stun the market and usher in a new era of payments services.