Tradeshift Strengthens Financial Leadership with Appointment of CFO Iain Balchin
Tradeshift has named Iain Balchin as its Chief Financial Officer, marking a strategic move to bolster its financial leadership team. Balchin brings to the table over 25 years of extensive experience as a senior financial executive across diverse sectors, including FinTech, financial services, and wealth management.
In his new role at Tradeshift, Balchin is poised to play a pivotal role in driving sustainable growth, scalability, and profitability. With a keen focus on expanding monetization opportunities across the Tradeshift network through embedded financial services and marketplace commerce capabilities, he aims to leverage the company’s strong foundations for future growth.
Notable for his adeptness in guiding scaling FinTech ventures to new heights, Balchin has a proven track record of success. During his tenure as interim CFO at crypto payment platform Ramp Network, he adeptly navigated a challenging market landscape, leading a successful $70 million Series B fundraising round. His previous roles include CFO positions at industry-leading entities such as Ixaris, WiZink, and WorldRemit, where he spearheaded strategic financial restructuring initiatives to fortify the companies for future growth and investment.
Balchin’s expertise extends beyond the FinTech realm, encompassing key leadership roles at reputable firms like XL Media and Ascot Global, where he orchestrated significant financial milestones from listing to eventual sale. His illustrious career has seen him contribute to the success of renowned institutions, including St James Place Wealth Management, Lloyds Banking Group, and Credit Suisse.
Stirk expressed confidence in Balchin’s ability to drive Tradeshift towards its strategic objectives, particularly in light of recent developments such as the joint venture with HSBC. With a shared vision for embedding revenue-generating value into every transaction across the Tradeshift network, Stirk anticipates that the newly assembled leadership team will propel the company to unprecedented heights of success.
This appointment comes as part of a strategic revamp of Tradeshift’s executive leadership team, orchestrated since the appointment of CEO James Stirk. Balchin joins a cadre of seasoned industry leaders, including Jim Modak and Tradeshift co-founder Gert Sylvest, signaling a concerted effort to harness top-tier talent in pursuit of Tradeshift’s full potential.
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