Ian Cragg (Send Payments)
Overview
Ian Cragg is a prominent figure in the fintech sector, known primarily for co-founding Send Payments, an international payments and foreign exchange platform based in Australia. Since its establishment in 2019, Send Payments has rapidly expanded its influence across the global financial landscape, attracting significant recognition and investment. With over 15 years of experience in the foreign exchange industry across both the UK and Australian markets, Cragg has become a notable thought leader in simplifying and optimizing currency transfer processes. Under his leadership, Send Payments has grown to support thousands of individual and corporate clients worldwide, establishing itself as a disruptor in the traditional banking sector.
Recent Developments
- March 2025: Ian Cragg was highlighted in an article by The Australian Financial Review following his vocal support for labor's non-compete clause reform, a legal framework that significantly impacts fintech operations like Send Payments.
- May 2025: Ian Cragg was featured as a speaker at the YP Gold Coast’s 9th Annual Entrepreneurs Forum, emphasizing innovation in the payments sector and highlighting Send Payments' achievements and future goals.
- March 2024: Send Payments secured its position in the AFR Top 100 fastest-growing companies, demonstrating a CAGR of 80%.
- 2024: The company announced a significant $5 million funding round aimed at scaling operations and entering new markets, following an $11.5 million Series B round in 2023.
- 2025: Matt Barr was appointed as the new CEO of Send Payments, reflecting a strategic leadership change to support the company’s ambitious growth trajectory.
Personal Information
| Attribute | Information |
|---|---|
| Full Name | Ian Cragg |
| Born | Not publicly disclosed |
| Nationality | British |
| Occupation | Entrepreneur, Co-founder of Send Payments |
| Known For | Co-founding Send Payments |
| Education | Penwith College (1999–2002) |
Early Life and Education
Ian Cragg's early life details, including his date and place of birth, have not been extensively documented. However, it is known that he spent his formative years in the UK, where he developed an interest in financial services and business development. Cragg attended Penwith College from 1999 to 2002, where he pursued studies that laid the groundwork for his future endeavors in the financial sector. His early career roles involved significant exposure to international business and foreign exchange, elements that played a crucial role in shaping his entrepreneurial path and eventual creation of Send Payments.
Career and Notable Achievements
Ian Cragg’s career trajectory has been marked by significant milestones, particularly in the realm of fintech and cross-border payments:
- 2008-2013: Cragg served as Business Development and Partnerships Manager at TorFX in the UK, further honing his skills in international finance.
- 2013-2018: He moved to Australia, leading the Business Development and Partnerships efforts for TorFX, expanding their market reach significantly.
- 2019: Co-founded Send Payments, spearheading its growth into a leading fintech company with a focus on reducing costs and improving efficiency in international payments.
- 2023-2025: Led Send Payments through successful funding rounds and saw the company recognized as one of the fastest-growing tech companies in Australia. Under his leadership, Send Payments expanded its client base significantly and launched various innovative financial products.
Current Work and Impact
Currently, Ian Cragg is actively involved in managing partnerships and business growth initiatives at Send Payments. He oversees strategic partnerships with major brands and continues to advocate for innovative reforms in the payments sector. His influence extends beyond business operations as he participates in industry dialogues and contributes to policy discussions, especially concerning non-compete clauses and regulatory challenges in fintech. Cragg's commitment to improving customer experiences and streamlining international transactions has positioned him as a key influencer in shaping the future of cross-border payments.
Conclusion
Ian Cragg's contributions to the fintech sector, especially through the establishment and growth of Send Payments, highlight his role as a pioneering entrepreneur dedicated to transforming foreign exchange and payments landscapes. His strategic vision and dedication to innovation continue to drive the company's success and impact on international financial services. Moving forward, Cragg is expected to maintain his influence within the sector, fostering progress and adapting to the evolving needs of global businesses and consumers in the payments industry.