BUX Appoints Ripple Exec as Head of Growth

Trading application BUX announced on Thursday afternoon that it has appointed a former Ripple executive as its Head of Growth. Aditya Pasumarty joins the trading company after almost two years at the cryptocurrency firm.

“We’re thrilled to welcome Aditya to BUX at such a pivotal moment in our business,” said Nick Bortot, CEO of BUX. “We have ambitious plans for 2019 and Aditya will play a key role in innovating our product for nearly 2 million users across Europe.”

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In his newly created role as Head of Growth, Pasumarty will be responsible for leading BUX’s product and marketing teams. That means guiding the company’s long-term product vision and growth strategy but also working on innovation to ensure BUX’s app doesn’t lose its appeal.

“I was immediately drawn to BUX’s mission of providing painless solutions for everyone who wants to do more with their money,” said Pasumarty. “[That’s] why I’m excited to take on this opportunity to further develop BUX’s vision and deliver a great product our users love.”

From Venmo to BUX

Pasumarty was brought into his previous role to develop xVia – one of Ripple’s payments solutions. Working as Director of Product Management, he helped to build the solution from the ground up.

Prior to joining Ripple, Pasumarty worked for almost three years at payments company Venmo. An early member of the company’s product development team, he helped to build the application’s back-end and front-end features.

What exactly Pasumarty will be working on at BUX is unclear but, given his wide range of experience, it wouldn’t be surprising if he has a broad purview in his new job.

Whatever the case, things will certainly be busy for him. Last week BUX announced that it was launching a new stock-trading application called, imaginatively, STOCKS.

The service, which is going to be launched in early 2019, looks like it will be similar to the American stock-trading application Robinhood.