Velocity Global, a prominent Employer of Record (EOR) service, has appointed James Loftus as its new Chief Financial Officer, signaling a strategic move to enhance the company's financial and corporate development. Loftus brings over two decades of experience in fintech, mergers and acquisitions, and venture capital to the role.
Most recently serving as Managing Partner at PayPal Ventures, Loftus led a $1 billion early-stage fintech investment fund and helped develop the firm's AI investment strategy. His extensive background includes serving as a strategic advisor to numerous high-growth startups across fintech, artificial intelligence, and global commerce sectors.
CEO Francoise Brougher highlighted Loftus's expertise, noting that his experience in scaling high-growth businesses will be crucial to Velocity Global's continued leadership in the Employer of Record category. The appointment comes as the company aims to expand its global workforce management solutions across more than 185 countries.
Loftus expressed enthusiasm about joining Velocity Global, emphasizing the company's transformative approach to managing global talent. He is committed to furthering the business's growth and delivering compliant, seamless employment solutions to international clients.
With a background that includes degrees from Boston College and NYU Law, Loftus is positioned to contribute strategic financial insights and support Velocity Global's ongoing expansion in the competitive global workforce management market.
