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Mark Gazit passes the baton to Peter Reynolds, who has been appointed as the next CEO of ThetaRay

Mark Gazit passes the baton to Peter Reynolds, who has been appointed as the next CEO of ThetaRay

Peter Reynolds, a Fintech Industry Veteran, who served as Thetaray’s Chief Revenue Officer (CRO), alongside Mark Gazit, for the past two years, will now lead the company for continued strong international expansion.

Hod HaSharon, June 15, 2023 – ThetaRay, is a category leader, providing AI-powered transaction monitoring solutions, servicing leading global banks, FinTechs, and regulators.  The company announced today the appointment of Peter Reynolds as its next CEO. Peter is succeeding Mark Gazit, who served as the company’s CEO and is now shifting to an advisory role.

Mark, together with Peter, has jointly led ThetaRay’s successful go-to-market strategy during the last two years. During that period, the company grew 5X in ARR and added more than 50 customers across North America, Europe, APAC, Africa, LATAM, and ANZ. Peter brings with him over 20 years of experience in FinTech, leading GTM organizations for market leaders such as  Earnix, Fundtech, Reval, and Thomson Financial. Mark Gazit will continue to serve in ThetaRay, handling strategic business opportunities in an advisory capacity.

“We thank Mark for the important role he has played in recent years and his contribution to establishing the company’s international operations,” said Erel Margalit, founder and executive Chairperson of JVP, and Chairman of ThetaRay. “With ThetaRay’s presence in America, Europe, Israel, APAC, and the Arab world, ThetaRay will continue its market leadership, powered by its AI-based solutions, for creating a safer world, enabling safe cross-border money transfers and payments in the financial services, banking and insurance industries worldwide. We congratulate Peter on his new role as the company’s CEO, and we are confident that he will accelerate the already strong results he has achieved with ThetaRay. Peter’s experience in creating value and financial growth in global companies, as well as his deep understanding of ThetaRay and the global financial market, will lead ThetaRay to continued significant growth in the coming years and position it as an international market leader.”

Mark Gazit, the former CEO of ThetaRay, added: “I am proud to have managed the company, through early-growth stages, leading it to become a category leader, and am now passing on the reins, transitioning to an advisory capacity. The choice of Peter Reynolds, with whom I have been working for the past two years, will enable a seamless managerial transition and ensure continued growth. I thank the company’s board of directors and the chairman Dr. Erel Margalit, for the great partnership in leading the company to achievements.”

Peter Reynolds, ThetaRay’s new CEO, stated: “I am grateful to the ThetaRay board of directors for their trust, and to Mark Gazit for his work and achievements with the company to-date. I am ready and excited to lead ThetaRay to its next stage of growth and expand the company’s clients, partners, and business opportunities worldwide.”

ThetaRay’s solutions are used by banks and governments to prevent financial crimes, with the company’s flagship product designed to mitigate risks in payments ensuring their client’s platforms are not used in fraudulent activities, money laundering, and other financial crimes. The system provides full explainability, is endorsed by regulators, and enables quick decision-making both in fraud prevention and in approving transactions that would have otherwise been rejected. ThetaRay has registered 19 patents for its AI technology.


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