Welcoming Mohit as VP of Global Strategy

Sphere Labs is thrilled to welcome Mohit Bhalodkar as our new VP of Global Strategy & Expansion.

Mohit joins Sphere’s executive leadership team at a pivotal moment: over the past year, Sphere has processed billions in annualized payments volume via SpherePay, with new customers spanning every region of the world. As we expand beyond our core markets in the U.S. and Latin America, Mohit will lead the next phase of growth across Asia-Pacific, the Middle East, Europe, and other emerging regions—deepining partnerships with regulators, financial institutions, enterprises, and innovators shaping the future of cross-border money movement.

Background

Mohit brings over 8 years of experience at the intersection of tech, finance and operations. He most recently served as Director of Business Operations at Fanatics, and previously as an Engagement Manager at McKinsey & Company, where he helped build the firm’s generative AI practice and advised Fortune 500 leaders on go-to-market, growth and digital transformation. His background also includes investment banking roles at J.P. Morgan and Capital One, with a focus on technology, media and telecom. He currently chairs the Budget, Education and City Services committee for Manhattan Community Board 5 and serves on the advisory board of Mercy University’s Strategic AI Program.

His multi-sector background makes him uniquely equipped to drive Sphere’s mission to scale real-world payments infrastructure, innovation across global financial markets and reinforces Sphere’s commitment to building the financial internet for regulated value transfer. We’re excited about Mohit’s leadership and the clarity he will bring to this next chapter of global growth.

About Sphere

Sphere empowers merchants and developers worldwide with secure, cost-effective, and near-instant cross-border payments. Seamlessly integrating with traditional financial service providers, Sphere combines frontier payment technology and lower-level rails optimizations with a point-and-click UI and developed-focused APIs to deliver a superior payment experience. Building on this foundation, Sphere is pioneering Spherenet—a next-generation closed-loop and natively compliant shared account ledger set to revolutionize global payment connectivity, enabling access to financial services while maintaining the highest levels of safety, soundness, and trust across global markets.

Sphere is supported by Coinbase, Kraken, The Chernin Group, Jump Trading, Hudson River Trading, Bessemer DAO and top angels across the global payments space.

For more information, visit www.spherepay.co