Lumon Pay, the fast-growing overseas payments and currency exchange platform has announced Vic Darvey as its new Chief Executive Officer [subject to regulatory approval].

Vic joins Lumon following a successful career at a number of leading technology-focused, disruptive brands, bringing with him a wealth of industry experience and knowledge.

He most recently held senior roles at Purplebricks and MoneySuperMarket.com, while his early career included positions at CMC Markets and lastminute.com.

Today’s announcement follows the appointment of Nick Haslehurst as Non-Executive Director and Chair of Risk and Compliance Committee in January and Lumon’s new Chairman, Ian McCaig, who took on the role at the end of 2022.

These new appointments come as the company continues to deliver further growth and re-focus its strategic plan.

Commenting on his appointment as CEO, Vic said: "I am hugely excited to be joining the Lumon team. The business has demonstrated real potential to be a valuable, disruptive force in the FX market.  I am looking forward to leading the business and ensuring we deliver a positive impact for our customers and a fulfilling experience for all our 'Lumoneers'."

Ian McCaig, Chairman of Lumon, said: “We are delighted to welcome Vic to the Lumon family at an exciting stage of our journey. Vic brings extensive experience in leading some of the UK’s best-known brands and is eminently well-suited to lead Lumon through its next phase of continued growth and the development of our proposition for our customers and partners."

Lumon specialises in overseas payments for both private and business customers. In 2021, they made over 112,500 payments totalling over £3.3 billion. Lumon currently employs over 150 staff with offices in the UK, Ireland, Spain and Portugal.