Tradeshift, the B2B eCommerce and FinTech platform, has named Iain Balchin as its chief financial officer (CFO).

Balchin brings over 25 years of experience as a senior financial executive across various sectors, including FinTech, financial services and wealth management.

He will also join Tradeshift CEO James Stirk on the company’s board of directors.

Balchin has a notable record in helping scaling FinTech businesses reach the next level.

As interim CFO at crypto payment platform Ramp Network, he successfully led a $70m Series B fundraising during a challenging market period.

His track record also includes CFO positions at payments optimisation platform Ixaris (acquired), neobank WiZink, and WorldRemit, where he spearheaded finance division restructuring to position the company for future investment.

Balchin joins Tradeshift from Dublin-listed energy storage company Corre Energy, where he led a successful equity raise to enable further development of major renewables projects.

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Before this, he held group CFO positions at AIM-listed publishing business XL Media and wealth management firm Ascot Global, which he took from listing to eventual sale.

He has also worked in senior finance roles with St James Place Wealth Management, Lloyds Banking Group, BNP Paribas, AIG, Standard Chartered and Credit Suisse.

Balchin said: “Tradeshift has incredible foundations for growth. With over a million businesses using Tradeshift for transactions globally, there are substantial opportunities to expand monetisation across the Tradeshift network through embedded financial services and marketplace commerce capabilities.

“I’m eager to contribute to a great team at the onset of a promising new chapter in Tradeshift’s journey.”

Balchin will be a key member of a new-look executive leadership team assembled since James Stirk’s appointment as CEO in September.

Jim Modak, a seasoned software industry leader who has raised over $1.2bn in equity capital during a 40-year career, has joined Tradeshift as chief of strategy & GTM. Tradeshift co-founder Gert Sylvest will lead product development across Tradeshift’s complete solutions portfolio.

Stirk said: “Iain’s experience in scaling disruptive businesses will be invaluable in helping us achieve sustainable growth, scale, and profitability.

“Following our recent announcement of the joint venture with HSBC, we have a significant opportunity to embed revenue-generating value into every transaction across the Tradeshift network. I have every confidence that the team we have in place today is the one that will help us reach our full potential.”

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