Railsbank hires ex-Currencycloud CCO Hammond

Railsbank has hired John Hammond, formerly of Currencycloud, as chief commercial officer as it eyes further international expansion.

The appointment reunites Hammond with his former Currencycloud colleagues John Verdon, co-founder and CEO of Railsbank, as well as Railsbank’s chief technical architect Nick Bourner and Dov Marmor, chief operating officer, North America.

In his new role, Hammond will be responsible for accelerating Railsbank’s global expansion, following a $37 million fundraising in November 2020 and its recent launch in Australia in partnership with local challenger bank Volt.

Hammond said: “It’s exciting to be back with the team and I’m really looking forward to bringing the energy that fuelled Currencycloud’s growth to Railsbank.

“We’ve done this before. We’ve failed together, learnt together, and won together. Creating great teams is about trust and we certainly have that, it’s a great foundation on which to build.”

Hammond added: “Drawing on the trust we’ve built between each other over the years, we’re preparing Railsbank for hypergrowth.”

Verdon said: “We’ve achieved a lot together and it means that The Fantastic Four has been reunited.

“John’s appointment is a huge boost, and he will be instrumental as we deepen our footprint across Europe, Asia Pacific, and the US.”

After leaving Currencycloud, Hammond became chief revenue officer at learning platform Fuse Universal.

Written by Ellie Duncan, head of content at Open Banking Expo