Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 15

Fast-growing Fintech Firm Uphold Doubles Presence in Portugal

Posted by fidest press agency su sabato, 13 luglio 2019

Uphold, the leading digital money platform, announced today the acquisition of Scytale, a digital agency based in Braga, Portugal. Uphold was an early believer in the technology talent to be found in the Portuguese hub around Porto, and the acquisition comes after deciding to further anchor its technology team in Portugal.Commenting on the move, Nuno Ferreira, Scytale’s former CEO and now VP of Engineering at Uphold, said, “This is a great development for our team. We’ve long felt that we’d like to have more say in how our consulting work is used. Now, we‘ll get to build, implement and continually enhance solutions for a truly global business. Uphold has more than 1 million customers in over 183 countries and we’ll be able to see our ideas become part of its growth story around the world.” Scytale was established in 2011 in Braga, Portugal by Universidade do Minho graduates, Nuno Ferreira, Eduardo Conceição, João Veiga and Marco Martins. The co-founders built Scytale into a successful web development and design studio, specialized in producing digital applications and products for a wide range of global clients.Rui Marinho and Tiago Ribeiro, fellow Minho alumni were busy building the global engineering hub for Uphold (Bitreserve) – a digital assets platform established in 2013 and which now has over one million users. Operating as Uphold’s Co-CTOs, Marinho and Ribeiro are responsible for a development team of more than 50 specialist engineers, designers, and product managers.


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