Philippe Morel, the former boss of SETL, will take over as CEO of Railsr weeks after parts of it were sold through a pre-pack administration, Sky News understands.
A payments company rescued weeks ago from the brink of outright collapse has lured an experienced fintech executive to spearhead a transformation plan under its new owners.
The transaction was the culmination of a rapid descent for a company best-known in the UK for having snapped up the British operations of Wirecard, the scandal-hit German finance group. Alongside Mr Morel, Railsr is also expected to announce the appointment of Debbie Lotz, a former National Australia Bank and Royal Bank of Scotland executive, as its new finance chief.
Prior to its brush with administration, it had been in takeover talks with Flutterwave, the African payments technology business.
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