Lipa Later Appoints AliExpress Co- Founder Tom Gong As New CTO

Lipa Later on has appointed Tom Gong, Co-Founder AliExpress and previous Specialized Program Supervisor for Google Wallet as its new Chief Technology Officer.

Prior to signing up for the Purchase-now-pay back-later on (BNPL) enterprise, Gong worked as Co-Founder and CTO of AliExpress a wholly-owned subsidiary of Alibaba the Chinese on line big and led the group to grow it to grow to be the largest cross border eCommerce transaction platform.

In 2012, Tom started off Wanda eCommerce (Feifan) in 2012 within Wanda Group to optimise purchasing shopping mall operations by the use of online systems. Wanda is the greatest industrial real estate corporation in the earth. Formerly Tom labored as a technological program manager for Google Wallet, from 2007 to 2009.

Most recently, Tom Gong has been doing the job at AllDragon that supplies SaaS management computer software for in excess of 500 purchasing centres to improved connect shops and consumers.

Tom has a Master’s of Laptop Science and MBA, both from Columbia University and a Bachelor of Engineering diploma in Electrical Engineering from the Huazhong University of Science and Engineering.

“Lipa Afterwards is a rapidly growing, Acquire Now Pay out Later small business dependent in East Africa and swiftly increasing throughout the African marketplace. As the amount of affluence grows throughout Sub Saharan Africa, individuals Lipa Later on is positioned to be equipped to aid individuals obtain distinct products nowadays and shell out in staggered payments throughout a amount of months. With a inhabitants of a lot more than 1 billion men and women, and more than 50% of that variety currently being under the age of 18, the market for Lipa Later is enormous and I am rather enthusiastic at staying equipped to help Lipa Afterwards mature and construct robust engineering that can help us accessibility all of these numbers ” mentioned Tom Gong.

In January, Lipa Later elevated US$12 million from a consortium of investors to assistance it improve protection in current marketplaces and expand into new kinds.

Shaped in 2018, Lipa Later leverages facts analytics to present buyers with entry to easy and affordable credit score. Its proprietary credit history-scoring and device learning system enables a client to indicator up and get a credit score limit in seconds, devoid of the have to have for cumbersome documentation and a lengthy acceptance course of action.

Eric Muli, the Co-Founder and CEO of Lipa Afterwards reported, “We are really excited to have Tom Gong join Lipa Afterwards as our Main Know-how Officer.

As a earth-renowned Tech heavyweight, we are incredibly energized to have him as portion of our staff and have him direct us into building robust methods that will help us to improve Lipa Later throughout diverse African Marketplaces. With Tom on board we have additional nevertheless a different robust member to our team, with Africa as our focus”

Lipa Later boasts a vast array of exceptional retailers and environment-renowned makes these as Carrefour, Apple, Tecno, Samsung, Hotpoint Appliances just to point out a couple of.