Mazooma’s board of directors has appointed Justin Ferrabee as the company’s new CEO.

The move, which becomes effective as of August 12, comes as the fintech leader closes out a record first half to 2019, growing in support of igaming and sports betting operators and their continuing expansion across the US.

Ferrabee has extensive experience in the payments ecosystem, most recently as COO for Payments Canada, the organisation responsible for Canada’s payment clearing and settlement infrastructure, processes and rules. There, he had strategic oversight for many critical operational initiatives and industry modernisation activities.

Ferrabee said: “There’s huge momentum in the industry right now as more and more US states legalise sports betting.

“Mazooma is poised as a frontrunner in this growing segment and I’m excited to lead the company at such a pivotal time.”