Saturday 14 January 2023 | No. 46
XU Biweekly The independent news source for Xero users, by Xero users
MarketFinance is now Kriya! A
A note from their Co-Founder and CEO
N IMPORTANT MILESTONE FOR OUR BUSINESS: KRIYA IS THE NEW NAME FOR MARKETFINANCE. OUR CO-FOUNDER AND CEO, ANIL STOCKER, EXPLAINS HOW WE KEEP BUSINESS FLOWING BRILLIANTLY. The seeds that led me to co-found this company 12 years ago were planted a couple of years before, in the crash of 2008. Traditional financial institutions stopped almost all lending to small businesses, starving firms of the funding they needed to survive and grow. The bank I worked for at the time - Le-
hman Brothers - collapsed, leaving me out of a job, and fuelling my desire to find new and innovative ways to help firms with their working capital needs. Fast forward to today, I’m proud to lead a company that has helped businesses collect more than £20 billion in B2B payments, and advanced over £3 billion worth of credit through working capital and business loans to thousands of firms. During this time, the market and our customers have evolved, and so has our product offering. We extended beyond offering invoice finance to providing
business loans during Covid, a time when businesses were forced to embrace digital ways of working – especially eCommerce – just to stay afloat. With this new way of working, we see a market that’s ripe for Embedded Finance. Businesses need fast and straightforward access to credit, and Embedded Finance allows them to use these products at the point of need online. Embedded Finance involves a complex set of interlinked steps. Suppliers can use it to authenticate...
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LightYear Group appoints Michael Jeffriess as CEO
T
HE BOARD AT LIGHTYEAR GROUP LTD IS PLEASED TO ANNOUNCE THE APPOINTMENT OF MR MICHAEL JEFFRIESS TO THE ROLE OF CHIEF EXECUTIVE OFFICER. MR JEFFRIESS IS CURRENTLY A NON-EXECUTIVE DIRECTOR AND COMPANY SECRETARY OF LIGHTYEAR GROUP. Chairman, Director and Founder, Grant Abbott said “Michael Jeffriess brings a
Saturday 14 January 2023 ISSN 2054-7234
wealth of experience in both the accounting and advisory industry and in c-suite roles covering off leading teams, mergers and acquisitions, and governance. Importantly Michael has vast experience in both capital raising and ASX listing”. With Mr Jeffriess appointment the leadership structure has been updated and will see Grant Abbott, Ashleigh Jaremyn and Ben Gill report through to the CEO under their respective exec-
B
utive roles. Grant Abbott has been appointed to of Head of Legal, Ashleigh Jaremyn to Head of Operations, Product & development, and Ben Gill to Head of Sales and Marketing. Separate to this all four will maintain their director roles on the Board for which Mr Jeffriess will report to from an executive function. LightYear Group has recently completed a...
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BGL promotes Daniel Tramontana as CEO
GL CORPORATE SOLUTIONS,AUSTRALIA'S LEADING PROVIDER OF COMPANY COMPLIANCE, SELF-MANAGED SUPERANNUATION FUND (SMSF) AND INVESTMENT PORTFOLIO MANAGEMENT SOFTWARE, IS PROUD TO ANNOUNCE THE PROMOTION OF DANIEL TRAMONTANA TO CHIEF EXECUTIVE OFFICER (CEO). RON LESH WILL CONTINUE IN HIS ROLE AS MANAGING DIRECTOR. "This is a momentous moment for BGL, the team, our
clients and our community," said Ron Lesh, BGL'sManaging Director. "I am incredibly proud and excited to see Daniel step in to the CEO role on 1 January 2023." "Daniel's contribution over his almost 26-year tenure at BGL has been incredible," continued Lesh."Starting in software support to helping BGL grow from 10 to over 200 people, Daniel has had his hand in every pie. BGL would not be where it is today without him." "I am privileged to have worked with someone of his calibre for such a long time. I have no doubt Daniel is the
person to lead BGL into the future," said Lesh. Daniel Tramontana joined BGL in1997 as a member of the Support Team. With a Bachelor of Computer Science &Accounting, Daniel added a new area of competency to BGL's Support and TrainingTeams. Through his time at BGL, Daniel obtained a Master's in BusinessAdministration and a Six Sigma Black Belt while performing in roles includingGeneral Manager and, most recently, Chief Operating Officer (COO).
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