Velocity Global has taken a significant step forward in its strategic growth by appointing James Loftus as its new Chief Financial Officer. This move is poised to enhance the company's financial leadership and global business strategy, particularly in the Employer of Record (EOR) market. Loftus's extensive background in fintech, mergers and acquisitions, and venture capital positions him as a key figure in driving Velocity Global's continued expansion and innovation.
Before joining Velocity Global, Loftus made his mark as Managing Partner at PayPal Ventures, where he was at the helm of a substantial early-stage fintech investment fund that surpassed $1 billion. His role in developing the firm's AI investment strategy showcases his forward-thinking approach and ability to navigate the complexities of modern financial landscapes. His career has been characterized by strategic advisory roles for high-growth startups across various sectors, including fintech, artificial intelligence, and global commerce, making him an invaluable asset to Velocity Global.
CEO Francoise Brougher has highlighted the significance of Loftus's appointment, emphasizing his expertise in scaling high-growth businesses. Brougher's statement, "His extensive experience will be instrumental as we continue to lead the Employer of Record category," underscores the strategic importance of this hire. Loftus's enthusiasm for joining Velocity Global reflects his alignment with the company's mission to transform global talent management through innovative solutions.
Velocity Global's comprehensive employment services span 185 countries, utilizing AI-powered technology and local expertise to facilitate businesses' global expansion. Loftus's educational background, with degrees from Boston College and NYU Law, complements his professional achievements, further solidifying his role in steering the company towards new heights. His appointment is a testament to Velocity Global's commitment to pioneering leadership and strategic financial management in the dynamic global employment sector.
