Victor has more than two decades of expertise in the fields of financial services, technology, and payments. Before founding mx51, he served as co-CEO at Assembly Payments. Earlier in his career, Victor held the positions of head of payments and head of transaction banking and deposits at Westpac Group.

His professional background encompasses product development, technology, and project execution, with experience at numerous financial institutions throughout the Asia Pacific region. Victor holds a bachelor’s degree in information systems from the University of New South Wales and an MBA from the Macquarie Graduate School of Management. He is married and a proud father of two young daughters.

I'm excited about working at mx51 because...

mx51 is helping banks, acquirers, and payment service providers to thrive in a disruptive world, through innovation and merchant obsession. Our next-generation Payment-as-a-Service platform was purposely designed and built from day one to be ‘bank grade’ and our journey is now entering a super exciting phase, where we are scaling in the Australian market and expanding into new markets.

Magnus leads the strategy, corporate development, finance, commercial, legal and compliance functions of mx51. Before mx51, Magnus was the general manager of strategy and commercial of Assembly Payments. Prior to that, Magnus was a director in group strategy at Westpac Group where he worked on group and business unit strategies across retail, business, wealth, and institutional banking.

Magnus was a postdoctoral fellow in physics at Stanford University and completed his PhD in physics at the Australian National University.

I'm excited about working at mx51 because...

We are challenging the status quo and creating a new industry, fintechs that provide modern payments and digital services to banks and acquirers. It’s a bit like going to the moon for the first time. We do it not because it’s easy, but because it’s hard.

Varghese leads growth, partnerships, and marketing teams for mx51. He has over 15 years of experience spread across financial services, management consulting, and technology industries.

Before mx51, he spent close to six years at Mastercard where he was vice president, business development, and led the payments acceptance vertical growth for Mastercard’s professional services business - across Australasia. Before this, he was a consultant with the Boston Consulting Group in Perth, Australia.

Varghese holds a master’s degree in business administration from Columbia University in New York, a bachelor’s degree (honours) in electronic engineering and a bachelor’s degree in electronic engineering from the University of Pretoria, South Africa.

I'm excited about working at mx51 because...

I get the opportunity to participate in transforming payments and the banking sector. At mx51, we are uplifting the merchant experience across payments and commerce, working closely with our clients to deliver an uplift in the merchant value proposition and enhance their competitive edge.