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 set 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 responsible for leading a substantial early-stage fintech investment fund and shaping the firm's AI investment strategy. His career has been characterized by strategic advisory roles for high-growth startups across various sectors, including fintech, artificial intelligence, and global commerce. This wealth of experience is expected to play a pivotal role in Velocity Global's mission to simplify international workforce solutions.
CEO Francoise Brougher highlighted the importance of Loftus's appointment, noting his proven track record in scaling high-growth businesses. Brougher's comments reflect the company's confidence in Loftus's ability to contribute significantly to its leadership in the EOR category. Loftus himself expressed enthusiasm about joining Velocity Global, emphasizing the company's innovative approach to global talent management and its impact on making international workforce solutions more accessible.
With a strong educational foundation from Boston College and NYU Law, Loftus brings a combination of academic excellence and professional expertise to his new role. His appointment is a clear indication of Velocity Global's commitment to maintaining a leadership position in the global employment landscape through strategic financial management and innovative solutions. This development is not only a milestone for Velocity Global but also signals the evolving dynamics of the global employment and talent management industry, where technology and strategic leadership are increasingly becoming key differentiators.
