The payments processing startup has moved quickly to allay concerns over its CEO’s ability to run two multi-billion companies by adding heavyweight financial experience to the company leadership.
The company has hired Jackie Reses from Yahoo to lead Square Capital, the company’s business financing service that has advanced more than $225 million to Square sellers across the country since launching in May 2014.
At Yahoo Reses served as chief development officer where she focussed on revenue and product partnerships, strategic acquisitions, and operational and people transformation. She also served on the Board of Directors of Alibaba Group, co-chaired the audit committee of the Board and worked on some of their important transactions related to Alibaba and ANT Financial’s international payments operation.
“Square Capital reaches businesses that traditional financial institutions often neglect, and I’m very excited to expand that opportunity to others,” she said.
— Jack (@jack) October 19, 2015
Also joining Square are Henry Domenici from Morgan Stanley and Ted Kosev from Amazon.
Henry Domenici leads Square Capital’s financing and joined from Morgan Stanley where he ran the consumer asset-backed securities business in the Global Capital Markets Division since 2009. Prior to that he spent 12 years at Lehman Brothers and Barclays Capital in various senior financing roles.
Ted Kosev leads product management and operations for Square Capital. He joined from Amazon, where he launched and grew Amazon Lending from program design to international expansion. Ted also served as head of seller marketing and acquisition for Amazon’s B2B marketplace. Before Amazon, he spent more than 10 years in small business and consumer lending.
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