Accelerated Payments, an invoice financing and SME credit platform, has appointed Steven Conrad as Vice President of Business Development for North America as the Fintech looks to boost its lending activity on the continent. Conrad will be based in Toronto.
Accelerated Payments noted that the addition of Conrad follows last month’s selection of Neil McMillan as Head of North America as it increases the size of its local staff to accelerate the its regional market share in the alternative finance sector.
Ian Duffy, CEO of Accelerated Payments commented on the hire:
“We are delighted to welcome Steven to the team. He has a proven track record for success and a reputation as a dynamic and strategic thinker. His experience in leading and influencing change in organisations has also consistently delivered results in improving client focus and developing more efficient internal operations. This skill set will be extremely valuable to our company as we continue our rapid expansion into North America.”
Accelerated Payments claims to be one of Europe’s fastest-growing Fintechs. The company provides finance to businesses with an immediate need for working capital providing access to funds in less than 24 hours. Based in Dublin, with offices in London and Toronto, the company has claims more than 56,000 invoices financed to over 300 companies since it began.
“This is an excellent time to enter the US market and AP is primed for success as invoice financing gains momentum among fast growing companies as a viable option for working capital,” said Conrad. “AP’s deep expertise in the US and its hands-on approach to customer support has played a pivotal role in its growing popularity, and in the coming months I will looking forward to helping the firm win more clients across North America – particularly those wishing to expand locally and internationally. Joining AP is a tremendous opportunity for me to play a role in shaping the world of alternative finance and helping to provide much needed liquidity to great companies that are ripe for growth but are not supported by the traditional banking system. ”