The payabl. Group, one of Europe’s leading PayTechs, today announced the appointment of its Group CEO Ugne Buraciene, to TechIsland’s Board of Directors.  

TechIsland is a leading tech association focused on leveraging Cyprus as an international tech hub and destination for investors, world-class tech talent and entrepreneurs. With over 15 years of experience in the fintech sector, Ugne’s expertise will be pivotal in supporting TechIsland to achieve its mission.  

payabl. is a prime example of Ugne’s prowess – under her strong leadership, payabl. has embarked on a transformative growth journey, which has seen the company reaching significant milestones. In only three years, Ugne has led the expansion of business operations, opened new offices, created an incredibly positive and diverse workforce and future proofed the organisation.​​The PayTech's success is only going to continue as the company progresses into 2024. 

TechIsland’s vision to create meaningful change in the tech industry and to help tech companies overcome their challenges is shared by Ugne. This collaboration further solidifies Ugne's commitment to driving innovation in the tech and the financial technology landscape, creating opportunities and addressing some of the biggest challenges in the space. Ugne’s extensive expertise in fintech, encompassing banking and payments, places her in a privileged position to drive innovation and pave the way for other fintechs, while supporting TechIsland’s vision to accelerate tech growth in Cyprus.  

Ugne Buraciene, Group CEO of payabl. said “It’s an honour to be part of TechIsland - such a progressive organisation that is focusing on improving the conditions for tech businesses and bringing tech companies to Cyprus. The work that TechIsland has been developing since its inception has truly elevated the Cypriot tech scene! At payabl. we're hiring locally and I personally care about better conditions for my team, social welfare and the overall well-being of employees. This is something that TechIsland fosters too, so it’s a pleasure to join and support a community that shares the same values as ours.”  

I am also particularly excited to be championing Cyprus’ fintech scene and focusing on addressing some of the key challenges both businesses and government representatives face, which is significantly important to me. Fintech is a fast-growing sector on the Island and it is playing a major role in elevating Cyprus to become a significant tech hub” added Ugne.  

Valentinos Polykarpou, Chairman of the Board of Directors of TechIsland, stated, "We are delighted to welcome Ugne to our Board. Her vast expertise in the fintech sector aligns with our objectives, and we anticipate her insights to be invaluable in pinpointing challenges and offering innovative solutions for the further development and growth of our sector."