ThetaRay names Brad Levy as CEO, succeeding Peter Reynolds

Portfolio CompaniesLIP Fund II
Written By Federico de Mateo

ThetaRay, a provider of AI-powered KYC solutions, has appointed Goldman Sachs veteran Brad Levy as its new CEO following Peter Reynolds' decision to step down.

Reynolds, who took the company reins in June 2023, is relinquishing his position as CEO for "family reasons", according to a statement from ThetaRay. He will now transition to an advisory role. 

During his tenure, Reynolds is credited with scaling ThetaRay to "tens of millions of dollars in revenue", states the company's chairman, Erel Margalit. Under his leadership, ThetaRay landed various new clients, such as IDB Bank and I&M Group, for its AI-driven financial crime compliance solutions. 

The outgoing CEO also oversaw ThetaRay's $57 million Series D funding round in September 2023, which supported its international expansion  efforts and the acquisition of Belgian anti-money laundering fintech Screena the following year.

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Federico de Mateo
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