[Ghana] NoOnes appoints ex-Paxful chief Ray Youssef as CEO
04-12-2023 10:35:44 | by: Nixon Kanali | hits: 1819 | Tags:

NoOnes, the financial communication super app connecting people of the Global South to the world’s financial systems has appointed ex-Paxful boss Ray Youssef as CEO. His appointment follows the startup's official launch which seeks to achieve a billion daily active users of Bitcoin within the next seven years.

Founded in 2023, NoOnes was developed to empower the financial freedom of the Global South. The platform enables users to move money freely and faster, without the friction and bottlenecks associated with legacy banking and financial institutions. Its business ideology hinges on the belief that peer-to-peer is the world's only true free market and that Bitcoin is the new global financial architecture poised to uplift the people of Africa, Latin America and South East Asia. NoOnes’ biggest markets to date are Nigeria, Ghana, Cameroon, India and Philippines, accruing over 400,000 users worldwide to date,  and achieving profitability within just under 4 months of operations.

‘It’s an honour to assume this position and get straight to work. For the past 8 years, I have fought for financial sovereignty for the Global South. Finally, I am glad to be able to fulfil the mission I began almost a decade ago. Youssef, said. ''I'm confident that Bitcoin will play a crucial role in promoting the prosperity of our continent, and I’m thrilled and privileged to contribute to the company’s ambition and growth.'' he added.

The NoOnes app, available on Google Store, comprises three main components. This includes a marketplace where users from 190 countries can buy or sell Bitcoin and stable coins with over 400 payment methods available (including gift cards, mobile money, bank transfers and other crypto currencies.), a wallet which acts as a store of value and a messenger where the majority of peer-to-peer trades take place.

In addition to its wide spectrum of product features, which also includes an upcoming advanced wallet functionality that enables bill payment processing with top African vendors, NoOnes is also dedicated to optimising the user experience, particularly for customers of the Global South. This focus involves removing constraints and enhancing accessibility through a simplified and seamless KYC onboarding process and the provision of a safe trading environment with a fast and effective localised dispute process.

Ray Youssef’s addition to the organisation brings with it a wealth of experience and insights across areas such as strategic planning, product innovation, growth hacking and operations management. As a seasoned entrepreneur, he brings years of insights to the organisation, having navigated the challenges of the startup landscape. Prior to joining NoOnes, Youssef had served as the CEO of Paxful, USA, INC. a company he founded and led to unprecedented heights. 

Youssef is also one of the brains behind Built with Bitcoin, a foundation that aims to build 100 communities across Africa, helping to improve the physical, mental, environmental and financial health of the underserved.