Luno cofounder and chief technology officer Timothy Stranex has resigned, the company has confirmed.<\/p>\n
Stranex\u2019s last day was in December after handing over to Luno\u2019s former VP of Engineering, Simon Ince.<\/p>\n
\u201cStepping into the CTO role at Luno is a hugely exciting opportunity for me,\u201d Ince said.<\/p>\n
\u201cAs Luno explores and innovates with new products to elevate this experience, we will also continue to develop the talent of our engineering team for success.\u201d<\/p>\n
Coindesk reported<\/a><\/strong> on Stranex\u2019s exit just under a week before the company announced mass lay-offs<\/strong><\/a>.<\/p>\n Despite his quiet departure, Luno said Stranex\u2019s resignation is unrelated to the retrenchments announced on Wednesday.<\/p>\n Luno\u2019s general manager for Africa, Marius Reitz, said it was a managed exit that was years in the making.<\/p>\n In a statement, Luno said Stranex would be pursuing personal projects.<\/p>\n He was at the company for almost ten years after founding it with Carel van Wyk, Pieter Heyns, and Marcus Swanepoel. Swanepoel is currently serving as CEO.<\/p>\n Initially called BitX, the four founded the company in 2013. It was rebranded to Luno in 2017.<\/p>\n Timothy Stranex quietly left the company he co-founded.<\/p>\n","protected":false},"author":15,"featured_media":265953,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[44696],"tags":[83895,58568,51443,83897,83887,51889],"class_list":["post-477683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-carel-van-wyk","tag-marcus-swanepoel","tag-marius-reitz","tag-pieter-heyns","tag-simon-ince","tag-timothy-stranex"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/477683"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=477683"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/477683\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/265953"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=477683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=477683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=477683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nNow read: Luno retrenching 35% of staff, cofounder and CTO resigns<\/a><\/h2>\n","protected":false},"excerpt":{"rendered":"