NEW YORK – (BUSINESS WIRE) – May 27, 2021 –
Payability, the leading finance and payments platform for ecommerce sellers, today announced the addition of two industry experts who join the board to help advance the growing market share of the company on e-commerce platforms. Strategic additions include tech entrepreneur and venture capitalist Andy Sack and longtime Silicon Valley entrepreneur and investor Dr. Ellen Levy.
âAs an innovative organization with over six years of e-commerce experience, we continue to experience exponential growth, similar to a start-up startup. In the midst of a global pandemic, we were able to provide $ 1.4 billion in financing to small businesses, transforming the way these entrepreneurs deliver their products and services online. Andy and Ellen bring insight into their incredible range of experiences in the industry and will guide and challenge us, helping to foster a new chapter of growth and sustainability for our business, âsaid Keith Smith, Co-Founder and CEO of Payability.
Andy Sack, known as âthe godfather of the Seattle startup community,â brings more than 25 years of experience as a technology entrepreneur, angel investor and venture capitalist. Beyond founding Lighter Capital and Founder’s Co-op, he served as Managing Director of Techstars Seattle, where he and Payability CEO Keith Smith first met. In addition, he has been a consultant for Microsoft on innovation for the past five years.
âIn the fintech world, Keith Smith is a proven serial entrepreneur who has led six different companies to huge success. Entrepreneurship is what he knows best and I’m excited to work with him to advance Payability’s unique products, which have transformed the way we grow e-commerce businesses across the country, âsaid Andy Sack.
Sack is joined by Dr. Ellen Levy, who is the founder and CEO of strategy consulting firm Silicon Valley Connect, and a prolific angel investor. Among her other roles, she currently serves on the board of directors of commercial real estate finance company Walker & Dunlop (WD) and the alternative asset investment platform for financial advisors CAIS. Previous roles include serving as an executive at LinkedIn in its early days through the IPO, managing a program at Stanford University focused on future uses of technology, and as a venture capitalist at Softbank. Venture Capital.
âWhile I find many aspects of Payability’s offerings compelling, I am particularly drawn to the fact that they are uniquely positioned to help small businesses meet new challenges and opportunities as the e-commerce landscape evolves. Keith and his team had the foresight to establish financial tools in 2015 that clients and businesses now deem essential to their mission, enabling Payability to continue to innovate and make its offerings even more essential and valuable to its customers. , and I can’t wait to do it. part of these efforts.
Payability is increasing rapidly, with a new product launch in the works. It has offices in New York and Poland with over 90 employees helping to create the next generation of e-commerce financial tools for small business owners. The company has provided more than $ 4 billion in capital to e-commerce sellers since its inception, including $ 1.4 billion in 2020. Payability pays off, with revenues surging 40% in 2020 compared to year before and are on track for similar growth in 2021.
Payability provides e-commerce vendors with frictionless finance and payment solutions for e-commerce vendors who sell through various online platforms including; Amazon, Shopify, Walmart, eBay, Newegg, and many more. Fast, easy and flexible, Payability customers receive the capital they need to reinvest in inventory and advertising, and to grow their business faster. For more information or to inquire about financing your e-commerce business, visit www.payability.com.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210527005723/en/
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