Velocity Global Appoints James Loftus as Chief Financial Officer to Drive Growth
TL;DR
James Loftus joins Velocity Global as Chief Financial Officer, enhancing the company's leadership in the Employer of Record market.
Velocity Global appoints James Loftus, with 20+ years of experience, as CFO to lead financial and corporate strategy.
Velocity Global aims to empower growing companies, providing seamless global talent management and positively impacting lives.
James Loftus, a fintech expert, brings AI and venture capital experience to Velocity Global, transforming global team management.
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Velocity Global, a prominent provider of Employer of Record (EOR) services, has announced the appointment of James Loftus as its new Chief Financial Officer. This strategic move is expected to bolster the company's financial and corporate strategy as it continues to expand its global footprint. Francoise Brougher, CEO of Velocity Global, highlighted Loftus's extensive experience in scaling high-growth businesses as a key asset for the company's future endeavors.
James Loftus brings over two decades of experience in fintech, mergers and acquisitions, and venture capital to his new role. His recent position as Managing Partner at PayPal Ventures, where he oversaw a $1B+ early-stage fintech investment fund and contributed to the development of the firm's AI investment strategy, underscores his expertise in driving financial growth and innovation. Loftus's career has been marked by his role as a strategic advisor to founders of high-growth startups across various sectors, including fintech, AI, and global commerce.
Expressing his enthusiasm about joining Velocity Global, Loftus remarked on the company's transformative approach to managing global talent and its positive impact on businesses and individuals worldwide. He is committed to working with the team to further expand the business and ensure the delivery of seamless, compliant solutions to clients globally. Loftus's educational background includes degrees from Boston College and NYU Law, further solidifying his qualifications for the CFO position.
Velocity Global is recognized for its ability to simplify international workforce management through its AI-powered technology and local expertise. The company offers comprehensive services, including payroll, compliance, and retention, facilitating business growth in over 185 countries. The appointment of James Loftus as CFO is a testament to Velocity Global's commitment to innovation and excellence in the Employer of Record category. For more information about Velocity Global and its services, visit https://velocityglobal.com/.
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