Sharechat Logo

Pushpay hires former Xero executive James Maiocco

Wednesday 31st August 2016

Text too small?

Pushpay has hired former Xero executive James Maiocco as its chief business development officer.

Maiocco, who starts tomorrow, will be based in Pushpay's US office in Washington, the company said in a statement. He worked at Xero as general manager of business and corporate development for around two years. 

“James brings an excellent track record of managing go-to-market strategy, international distribution channels and product development," chief executive Chris Heaslip said. "Pushpay’s success is largely a testament to the amazing people that work at Pushpay. Attracting world-class talent such as James further strengthens our leadership as we work towards reaching our US$72 million annualised committed monthly revenue (ACMR) target prior to the end of December 2017."

Pushpay provides mobile commerce tools that help make payments easier between consumers and merchants and is geared to mobile charitable giving. It’s gained traction in the US faith sector, where its services are used by more than 1 percent of the estimated 314,000 churches with an average 500 attendees each. It has turned its focus to larger merchants, who have the resources to implement its service more widely, and now has four of the 10 largest churches in the US using its service.

The company brought forward its ACMR target earlier this month, having originally forecast $100 million in revenue (which it says is equivalent to US$72 million) by August 2018. 

Pushpay shares last traded at $2.57, and have gained 46.9 percent this year, making it the tenth-best performing stock on the NZX All Index.

BusinessDesk.co.nz

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

RBNZ review seeks wider input on quantitative easing, bank supervision
NZ dollar rises on strong domestic exports, Trump comments on Powell
Goldsmith replaces Adams as Nat's shadow finance minister
Gold Report 25th June 2019
OECD joins KiwiBuild critics as 'reset' looms
Global trade crisis 'bad news' for open economies like NZ - OECD
Milk testing firm GEA Milfos to pay $925k for fixing prices
Dairy sales push May exports to record high
Pay rises lift employment confidence; outlook weak
Sky TV drops 'puck' deployment

IRG See IRG research reports