Fourthline snatches CFO Peter Grausgruber from Bitpanda
“Compliance and regulation have become of absolute importance to our sector. Having been on the customer side of providers, I am looking forward to bringing that experience to the team and to continue delivering proprietary innovative solutions to our clients.”
Fourthline has announced the appointment of Peter Grausgruber as Chief Financial Officer of the provider of AI-powered and compliant KYC and AML solutions.
Subject to approval from the Dutch Central Bank, the addition of someone of Peter Grausgruber’s caliber to Fourthline will be instrumental in driving the company’s growth and taking it to the next level of maturity, the firm stated.
The Fourthline platform provides banks and financial services providers with a complete suite of proprietary tech products that adhere to local KYC, AML and GDPR requirements in Europe and beyond. Fourthline’s AI-driven solutions unlock compliance for the entirety of the lifecycle, from onboarding, the verification and analysis, through to investigations and continuous KYC, in all stages of business development.
Since its launch in 2018, the company has grown more than 80% yearly. Fourthline now employs over 270 people across The Netherlands, France, Spain and The UK; and works with European fintech leaders including N26, Trade Republic, Qonto and Scalable Capital; and other regulated financial institutions such as NN, Solaris and Western Union.
In addition, for the role of supervisory board member, Fourthline named J. Robert Geiman, who co-founded and led ID verification startup Confirm, which was then sold to Facebook.
“Peter’s experience in scaling Bitpanda will be invaluable”
Peter Grausgruber served as Group Chief Financial Officer (CFO) at Bitpanda, the European leading home of digital assets and Austria’s first unicorn.
He brings a wealth of experience to support the next phase of growth at Fourthline, having scaled Bitpanda to one of the leading Fintech scale ups in Europe through 3 funding rounds of EUR ~500mn ( USD 4bn valuation) to up to >800 people and ~20 legal entities.
Peter has a deep understanding of the industry from a customer perspective. He is a strong believer that regulation will continue to strengthen and impact growth, and recognizes Fourthline’s unique USP in the market.
Peter Grausgruber, incoming CFO of Fourthline, commented: “Compliance and regulation have become of absolute importance to our sector. Having been on the customer side of providers, I am looking forward to bringing that experience to the team and to continue delivering proprietary innovative solutions to our clients.”
Krik Gunning, co-founder and CEO of Fourthline, said: “We are excited to have Peter and Bob join our leadership team. Peter’s experience in scaling Bitpanda will be invaluable as we continue to grow and mature as a company. Bob brings a wealth of experience in building and scaling technology businesses and has a deep understanding of what it takes to build an industry leading company in the identity space. We are confident that his insights will help us achieve our ambitious goals. We look forward to working together to drive the future success of Fourthline.”
Fourthline appoints J. Robert Geiman, co-founder of Confirm
Fourthline also named J. Robert Geiman as a supervisory board member. The industry veteran has nearly 30 years of investing and operating experience in technology companies, having recently co-founded and led (as Chairman and CEO) Confirm, a mobile-based identity authentication as a service software company that was acquired by Facebook.
As such, Geiman has a deep understanding of the sector Fourthline operates in and the needs of clients, the expectations of regulators and the keys to successfully scaling a business in the identity space.
He has also sourced and led investments in over 30 companies, representing over USD 300 million in invested capital working at Summit Partners, Warburg Pincus, Polaris Venture Partners, and currently at Cava Capital.
Bob Geiman said: “Fourthline’s AI-powered solutions are reshaping the way financial institutions approach KYC and AML compliance. I am thrilled to join the team and help guide the company’s growth and innovation as a member of the Supervisory Board.”
