The Board of IOUpay Limited announced that it has resolved to appoint Daler Fayziev and Joshua Quinn as directors of the Company, effective immediately. Daler and Joshua will be joining the Board as representatives of Finran Pty Ltd, who provided the loan facility to enable the Company to come out of administration in May 2023 and have supported the Company since with direct investment in shares and operational support in Malaysia. Daler Fayziev, who has been appointed an executive director, is a visionary and multilingual investment management and finance leader with over two decades of strategic leadership, driving exceptional growth and profitability.

Possesses exceptional expertise in fund investments, business development, client relationship management, and crafting high-impact strategic plans. Daler is recognised for fostering strong teams, implementing innovative solutions, and mitigating financial risks. Consistently exceeding expectations, he is fluent in English, Russian, Persian and Turkish, and has a proven track record of developing and leveraging business networks.

Based in the Company's Malaysia office, Daler will be working closely with Mohammad Shahruddin, who transitions from a non-executive to an executive director role, to oversee and rebuild the Malaysia management team and business operations. Joshua Quinn joins the Board as a non-executive director. He is a seasoned business professional with experience serving as a chartered accountant, company secretary and director of numerous public (listed and unlisted) companies and private companies, in addition to operating his own chartered accounting practice.

Joshua's governance acumen extends beyond his experience dealing with ASX listed companies to a multitude of private companies and esteemed family groups, where he plays an advisory and directorial role. His leadership is anchored by a detailed understanding of finance, tax and law, underscored by his status as a Chartered Accountant with the Institute of Chartered Accountants Australia and New Zealand (ICAANZ) and as a Registered Tax Agent. Prior to establishing his own chartered accounting practice UTA TAX based in Sydney, he was a Director in the Corporate Tax Division of BDO based in Sydney and had previously held roles across Australia with PKF and KPMG.

Joshua holds both a Bachelor of Commerce combined with Law and a Masters of Law from Sydney University.