Payfare Inc. (TSX: PAY), a global Fintech firm supporting digital banking and instant payment solutions, has hired Kamran Haidari to serve as its Chief Technology Officer and Braulio Lam will be responsible for leading product innovation and development as the firm’s Chief Product Officer.
As mentioned in a release shared with CI, these “strategic additions” to Payfare‘s executive team will aim to support planned product and tech developments that will “accelerate user acquisition and growth across the earned wage access industry.”
Marco Margiotta, Payfare CEO and Founding Partner, stated:
“The expansion of our executive team is a testament to Payfare’s significance in powering payments for on-demand workers driving the global economy. Braulio and Kamran’s roots in technology and deep experience in transformational payments initiatives will be very valuable to Payfare as we expand instant access to earnings and financial inclusion for workers in North America and around the world.”
Haidari brings nearly 20 years of payments tech experience in his roles with TD Bank Group (TD) and the Canadian Imperial Bank of Commerce (CIBC). Recently, Haidari has been serving as the Assistant Vice President, Faster Payments, Enterprise Payments Technology at TD,
Haidari reportedly led the tech build of TD Global Transfer, and also the delivery of Interac Instant, Real-Time Rail (RTR), and International Remittance Marketplace (IRM).
As noted in the announcement, Lam brings over 15 years of experience in managing and operating global payments and tech initiatives.
Lam had been working as Head of Development and IT of the payments division at Home Trust before it was sold to Peoples Trust. In 2016, Lam co-founded Pungle Payments, a Visa Direct integrated partner that he “developed and brought to market before the company was acquired in 2019,” the update noted while adding that Lam is also a Board Advisor for TipTap, a specialized card present acquiring solution for micropayments.
“This is an exciting time to be joining Payfare, and be part of the team’s evolution of the payments space. Payfare has already broken ground by bringing instant pay to some of the world’s biggest gig platforms. It’s an honour to be part of Payfare’s next stage of innovation and product delivery, to drive client-forward solutions that elevate and empower workers.”
As part of Payfare’s business expansion plans with the help of these new hires, Brian Miller will be transitioning from his dual CTO/COO role and “maintain the position of Chief Operating Officer.”
As previously reported, Payfare is a global Fintech powering digital banking and instant payments for the gig workforce. Payfare works with major platforms and marketplaces, like Uber, Lyft and DoorDash, in order to offer financial security and inclusion for their workforce.