Velocity Global Strengthens Leadership with New CFO Appointment

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 competitive Employer of Record (EOR) market. Loftus's background in fintech, mergers and acquisitions, and venture capital positions him as a key player in driving Velocity Global's expansion and innovation.

Before joining Velocity Global, Loftus made his mark as Managing Partner at PayPal Ventures, where he was responsible for a substantial early-stage fintech investment fund and played a pivotal role in shaping the firm's AI investment strategy. His experience as a strategic advisor to high-growth startups across various sectors, including fintech and global commerce, brings a wealth of knowledge to Velocity Global. CEO Francoise Brougher highlighted the importance of Loftus's role in the company's future, emphasizing his ability to scale high-growth businesses effectively.

Loftus's enthusiasm for his new role reflects Velocity Global's mission to transform global talent management. The company's innovative approach, supported by AI-powered technology and local expertise, enables businesses to navigate the complexities of international workforce solutions across 185 countries. With a strong educational background from Boston College and NYU Law, Loftus is well-equipped to contribute to Velocity Global's commitment to leadership and strategic financial management in the dynamic global employment landscape.

This appointment is a clear indicator of Velocity Global's dedication to maintaining its leadership position in the EOR category. For vendors and professionals in the human resources industry, this development underscores the importance of innovative financial leadership in addressing the challenges and opportunities of global talent management. As companies continue to expand their operations internationally, the expertise and strategic vision of leaders like Loftus will be crucial in shaping the future of employment solutions worldwide.