Israeli Forex industry veteran Ben Richter has launched a new venture under the brand name ‘Stealth Mode Startup,’ which offers IT services and consulting.
While he didn’t disclose the details of his new business, Ben Richter shared the following description on his Linkedin profile.
“In business, stealth mode is a company’s temporary state of secretiveness, usually undertaken to avoid alerting competitors to a pending product launch or other business initiative. A stealth product is a product a company develops in secret, and a stealth company is a new company that avoids initial disclosure as to its existence, purpose, products, personnel, funding, brand name, or other important attributes. The term stealth innovation has been applied to individual projects and ideas that are developed in secret inside a company.”
Richter left the FX industry nearly three years ago after he parted ways with Cypriot broker EuropeFX, barely less than a year after joining the company as head of Australia. He landed at ClickaCRM, a call center solutions provider, back in February 2019, then left his CEO role in 2020.
As an entrepreneur, he founded Ventures-X, which offers technology tools, banking, marketing, corporate formations, and operational solutions to firms looking to scale up in ‘high-risk industries.’ The all-in-one shop for business needs serves financial services, gaming, dating providers, among many others.
Richter leverages his expertise in the B2B and C2B fields to help existing or aspiring brokers who would like to kick off their trading business, including those looking to get their brokerage off the ground. The offering consists of front-end solutions, as well as payment, platforms, white-label models, and back-office support intending to provide access to financial markets.
Ben Richter steps into his new business following a lengthy career in the financial services arena. He had previously occupied various roles with FXCM Israel (FXCM Trading ltd) for over seven years, most latterly taking a senior position as the Vice President for Sales and Operations. Overall, he spent more than 11 years in the FX industry in multiple sales roles.
Ben Richter joined EuropeFX in 2018 coming from trading technology provider Leverate, where he served for over two years as Head of Institutional Sales.
Prior to moving to Leverate, Richter worked at FXCM Israel where he originally started his FX career in 2008. Among the roles he took that were relevant to his next institutional sales positions was head of the Institutional FX desk for the Israeli brokerage from 2011 to 2014. Richter was then promoted to the position of VP Sales at FXCM Israel from the institutional desk following the transfer of Yossi Gafni to VP Sales & Operations at the binary options broker, Anyoption.