Tan Choon Seng has been appointed as the new Group Chief Executive Officer of M-DAQ Global, effective 13 May 2025. He takes over from Richard Koh, the company’s founder and current Group CEO, who will transition to the role of Non-Executive Chairman. This change comes as Richard embarks on a four-year PhD programme in Business, marking a new chapter in his career.
M-DAQ Global, a fintech company known for its innovative foreign exchange and cross-border payment solutions, has been a significant player in the financial technology sector since its inception in 2009. Under Richard’s leadership, the company launched a groundbreaking solution for global e-commerce platforms in 2015, earning recognition at the Singapore MAS FinTech Awards in 2016. Richard’s tenure also saw the company secure four institutional funding rounds, amassing a fully paid-up capital of S$213 million, and expanding through acquisitions such as Wallex and EasyPay.
Reflecting on his journey, Richard stated, “From our initial vision in 2009 with Joo Seng and Noboru to transform cross-border transactions, building M-DAQ has been an incredible journey. Choon Seng embodies the same dedication and drive that has brought us this far.”
Choon Seng, who joined M-DAQ Global in January 2022, has held key roles within the company, including General Manager of Operations and Chief of Staff. He expressed his commitment to continuing the company’s legacy, saying, “I am honoured to take on the role of Group CEO and look forward to building upon this foundation to drive future growth.”
With a staff strength exceeding 300 across Asia Pacific, M-DAQ Global continues to solidify its position in the fintech landscape, providing comprehensive FX and payment solutions to businesses worldwide.
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