Malta’s Papaya promotes Igor Tsybolyuk to CEO

Promotion to CEO: Maltese fintech company Papaya has promoted Igor Tsybolyuk to the role of CEO, effective immediately. He had been serving as COO since June 2022.
Previous Achievements: As COO, Tsybolyuk played a key role in implementing business strategies that contributed to Papaya’s growth and stability.
Expertise: Tsybolyuk brings extensive experience in regulatory compliance and strategic planning, which will guide Papaya’s next phase of development.
Company Overview: Founded in 2021, Papaya offers digital banking services, including IBAN accounts, KYC solutions, white-label banking, Mastercard payment cards, and SEPA transfer services. The company is licensed as an Electronic Money Institution (EMI) by the Malta Financial Services Authority (MFSA).
Mission Statement: Tsybolyuk emphasized Papaya’s mission to provide financial capabilities to European consumers and businesses, including underserved groups, ensuring inclusivity and access for all.
Previous Roles: Before joining Papaya, Tsybolyuk was a managing director at WallexPay in Prague, CEO of Talentoom, and director at Bestpay.