Auka adds new board members in advance of European mobile payments expansion

A shiny new webpage for Settle
January 30, 2019
Auka adds two new board members ahead of European expansion
February 25, 2019

Oslo, NORWAY, 13 February 2019: Fintech specialist Perry Blacher and former Nets VP and Smart Payments CEO Susanne Brønnum have been elected to join the board of Oslo-based mobile payments technology company, Auka.* In addition to joining the Board of Directors, Susanne has also made a personal investment into the company, further reinforcing her commitment to Auka’s vision.

The pair replaces former board member, Tellef Thorleifsson. Thorleifsson left his role as long-standing Northzone partner to join Norfund, Norway’s state fund, as CEO. Northzone was one of Auka’s earliest investors and are famous for backing successful Scandinavian technology companies, such as Spotify, iZettle and Klarna.

The company behind Norway’s first mobile payments app, Auka, last year announced its plans to launch its new mobile payments wallet, Settle, in several EU regions during 2019. Its current board of directors, led by Entree Capital partner and founder of Mastercard Payment Gateway Services Group Limited, Ashley Head, has welcomed the dual-appointment.

“Susanne and Perry bring with them a combined 50 years of fintech, payments and business experience. Between them, they’ve built and scaled multiple successful payments businesses. As Auka moves to execute their ambitious plan of bringing Settle to Europe, their insight becomes invaluable. I’m personally very excited for the year ahead for Auka,” said Mr Head.

Susanne Brønnum recently left Nets, the biggest financial payments provider in Northern Europe, after more than 25 years to pursue new opportunities.

“After having worked with digital payments my whole career, I look forward to embarking on a new journey working with projects and companies that I believe will have a profound effect on the future of financial systems. Auka’s track-record shows that they have the experience and drive to fundamentally reshape how Europeans – and beyond – pay and get paid,” said Ms Brønnum.

Perry Blacher has, over the course of his career, created and helped build businesses online in asset management, remittances, lending/credit, debt management, payments and mobile money, at all stages of growth.

“Experience has taught me what to look for when assessing the potential strength of a company’s team, their core ideas and the business goals which drive them. Auka has a proven track record of innovation execution. They also have the unique ability to re-think how their roots can be improved and used to build society-changing products for a much bigger audience,” said Mr Blacher. 

Daniel Döderlein, Auka CEO and founder is currently leading the company through a pre-series B fundraise as well as the expansion of Settle into regions across Europe.

“The appointment of Susanne and Perry has been a great way for Auka to kick off 2019! We have a really busy year ahead and some very ambitious goals. That said, we’re now in the best position to make significant inroads toward digitising money across the most cash-heavy regions of Europe with Settle, with the backing of a hugely talented and experienced Board and team,” said Mr Döderlein.

*As always, formal approval is being sought by the regulator.

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About Auka

Since 2010, Auka has been making a name for itself as leaders in mobile payments and e-commerce. From its headquarters in Norway, they’ve spent almost a decade developing an award-winning and world-class financial services platform.

Auka developed the first mobile payments platform in the Nordics (mCASH) and launched the first mobile payments solution in Norway, impacting the lives of millions of people and helping to fundamentally change the way people pay and get paid in Scandinavia.

Now Auka, with its mobile payment app Settle, is on a mission to make it easier than ever for people and businesses to pay and get paid all over Europe.

About Settle

Settle was founded in 2018 and comes from Oslo-based mobile payments pioneer, Auka. Settle makes it easier than ever for people and businesses to pay and get paid.

Like it or not, money plays a big role in everyone’s life. Yet paying and getting paid – i.e. using money, remains complicated. If you want to pay a friend money you owe them, send money to someone abroad or simply get lunch, you have to use different tools and methods and often pay hefty fees in the process. Not to mention time spent on worrying about security. Clearly “old money” needs to be replaced with something better. That’s why they created Settle – “new money”.

Auka have been making a name for themselves as leaders in mobile payment and commerce since 2010. From their headquarters in Norway they’ve spent almost a decade developing an award winning and world-class financial services platform. They developed the first mobile payments platform in the Nordics and launched the first mobile payments scheme in Norway, impacting the lives of millions of people and helping to fundamentally change the way people pay and get paid in Scandinavia.

The company’s appetite for change for the better and their mission to digitise money in order to make it universally useful for people and businesses everywhere drove the creation of Settle.

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