Ensygnia ramps up UK launch and plans global expansion

Adds ex-Hutchison 3 CFO to Board
Expands customer service team as roll-out accelerates

London, December 12, 2013: Ensygnia, the mobile payments company backed by Telefonica through its Wayra business accelerator initiative, today announced new additions to its main board and management team as the company gears up its service roll-out and prepares for a major investment round as part of its global expansion.

Ian Cleverly, formerly the CFO of Hutchison 3 in Ireland, has joined Ensygnia as its Chief Financial Officer and has been appointed to its Board. He adds strong strategic and financial expertise and credibility to the company as it plans to launch operating businesses in the USA and China and prepares for a major investment round in 2014.

Cleverly is a proven hands-on technology and telecoms CFO who led the investment of more than €530m in the 3 network in Ireland, and was also instrumental in the investment of a further €223m relating to the Government’s National Broadband Infrastructure development.

In addition to Hutchison 3, Cleverly has held senior financial positions at Meteor Mobile Communications, NTL (Virgin Media), Energis Communications and Procter & Gamble.

“Ian brings to the Ensygnia board not only tremendous experience of developing start-up organisations and building successful businesses across the UK and Europe, but also of attracting and managing significant investment funding,” said Ensygnia CEO Richard H Harris. “We are delighted to have secured someone of Ian’s industry credentials and stature to our main board.”