Payabl. hires from Klarna for new chief product officer

Ellie Duncan
04 May 2022

European merchant payment solutions provider payabl. has hired Igor Skachkov from Klarna as its new chief product officer, to drive the next stage of its product development.

Skachkov has experience in card acquiring and issuing, buy now pay later (BNPL), e-wallets, subscriptions and tokenised payments, having previously worked at BNPL provider Klarna as a senior product manager, and at global payments company Visa.

Payabl’s Igor Skachkov

According to his LinkedIn profile, Skachkov joined Klarna in October 2019, from payment processing company Cardpay, where he was product owner.

At Visa, which he joined in March 2013, Skachkov was a sales manager, merchant sales and solutions, until April 2016.

In his new role, Skachkov will work with payabl.’s research and development team, partners and merchants to identify product challenges and opportunities, introduce new features, and diversify the company’s product portfolio.

He said: “I am looking forward to building on the company’s existing product portfolio, to make an even greater impact on partners and help them to unlock untapped growth opportunities. Exciting developments are on the horizon here at payabl.

“We’re working towards the creation of a full-scale payments ecosystem that combines payment acceptance, bank payments, Open Banking and dozens of other services on one platform. We have the potential to completely revolutionise the way payment-related services are offered and look forward to making this a reality with each new innovation.”

Payabl., which was founded in 2011, has reported 182.5% volume growth year-on-year from 2020 to 2021 and, last year, processed more than 100 million transactions.

Ugne Buracience, CEO of payabl., added: “Over the past year, our business has expanded rapidly and our team has doubled to 60 employees. Igor further enhances our in-house expertise and will drive the development of new payment technologies, designed to achieve our mission of empowering business growth through innovative payments.”