Bullet Points:
-Timothy Stranex, the co-founder and chief technology officer of cryptocurrency exchange Luno, has departed the company in December 2020.
-Luno was founded by Timothy Stranex, Carel van Wyk, Pieter Heyns and current CEO Marcus Swanepoel nearly 10 years ago.
-Simon Ince has been appointed as Luno’s new chief technology officer, after joining the firm as its vice president of engineering two years ago.
In December 2020, cryptocurrency exchange Luno announced the departure of its co-founder and chief technology officer (CTO), Timothy Stranex. The company, which is owned by Digital Currency Group (DCG), has over 10 million customers worldwide, with offices in London, Singapore, Cape Town, Johannesburg, Lagos and Sydney.
Stranex founded Luno, which was formerly known as BitX, nearly 10 years ago with Carel van Wyk, Pieter Heyns and current CEO Marcus Swanepoel. He has now been replaced as CTO by Simon Ince, who joined Luno just under two years ago as its vice president of engineering.
Prior to launching Luno, Stranex was the founder and CEO of a software company called Zuma Technologies. He also founded a digital media company called Moduzo, which was acquired by the South African media group Primedia in 2014.
In a statement, Stranex said that he was leaving Luno in order to pursue personal projects. “I am extremely proud of what we have achieved at Luno,” he said. “I’m now looking forward to embarking on some personal projects and pursuing some of my other interests.”
Swanepoel praised Stranex for his contribution to Luno and wished him well for the future. “Timothy was instrumental in building Luno into what it is today,” he said. “I want to thank him for his contributions and wish him all the best for the future.”
Ince has been appointed as Luno’s new CTO. He previously served as the vice president of engineering and has been responsible for overseeing the development of the company’s product and technology. He also co-founded a company called Vodacom Digital Ventures, and was part of the founding team at a digital identity startup called Yoco.
In a statement, Ince said he was excited to take on the role of CTO at Luno. “I am thrilled to be taking on the role of CTO at Luno and look forward to leading the development of our products,” he said. “I am passionate about building digital products that make a difference in people’s lives and I am looking forward to being part of the Luno team and helping to shape the future of digital currency.”