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IOUpay (ASX:IOU) - Director, Datuk Khairul Idham Bin Ismail - The Market Herald
Director, Datuk Khairul Idham Bin Ismail
Source: Niche Capital
  • Bourgeoning Southeast Asian fintech IOUpay (IOU) has appointed Datuk Khairul Idham Bin Ismail to the company’s Board of Directors
  • Datuk Khairul has over 20 years of legal experience in the Southeast Asian market and is currently Chairman of the Board at venture investment firm Niche Capital
  • IOUpay Chairman Lee Chin Wee said Datuk Khairul will bring public company experience to the board in the areas of governance, compliance and mergers and acquisitions
  • Making way for Datuk Khairul, director Chee Hong Hor has resigned from his position on the board, effective immediately
  • IOUpay closed in the grey for 18 cents per share

Bourgeoning Southeast Asian fintech IOUpay (IOU) has appointed Datuk Khairul Idham Bin Ismail to the company’s Board of Directors.

Datuk Khairul has more than two decades of legal experience in Southeast Asia, first starting at Singapore’s Messrs David Chong & Co back in 2000. Datuk Khairul is also a former Managing Partner of Messrs Naqiz & Partners in Malaysia.

Over the last 20 years, Datuk Khairul’s career has covered corporate & commercial matters, capital markets, Islamic banking & finance, construction and real estate transactions, infrastructure and projects, corporate restructuring, public-private partnerships, privatisation and intellectual property.

Perhaps most notably, he is currently Chairman of the Board at venture investment firm Niche Capital, a position he has held since 2017.

Making way for Datuk Khairul, director Chee Hong Hor has resigned from his position at IOUpay, effective immediately.

Chairman of IOUpay Lee Chin Wee commented on the new appointment.

“The company is delighted to welcome Datuk Khairul to join the company’s leadership team at this important stage in the company’s growth and expansion. Datuk Khairul brings public company experience and additional depth to the board in the areas of governance, compliance and mergers and acquisitions,” he said.

As IOUpay provides mobile banking and digital purchase and payments for Southeast Asia’s banking and corporate sectors, Datuk Khairul’s knowledge of the region and his experience in public-private partnerships will no doubt prove valuable.

The new appointment follows IOUpay’s first capital raise since rebranding earlier this year.

At the start of November, the company successfully raised $10 million, with the majority of the funds allocated to develop new products and accelerate growth in its digital payment inventories.

IOUpay closed in the grey for 18 cents per share.


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