Fintech Paytron attracts three finance leaders to its executive team

Three senior finance leaders have joined fast-growing start-up Paytron, a cashflow management and payment platform established in 2020, as the booming fintech sector continues to attract talent away from the traditional banking sector. The new hires include former Westpac Head of Private Banking, Tim Smith, payments and partnerships veteran Ingrid Heal, previously with MYOB and former Vice President, Commercial Payments Solutions at Mastercard, and Stu Hallows, international payments and risk expert, former Western Union, Director Operations, Asia Pacific.

All three leaders bring decades of financial and technology experience to bolster Co-Founders Francois Henrion and Jaco Veldsman’s combined 40 years in institutional banking.

The move to Paytron further demonstrates the talent transfer from the traditional banking sector to fintechs as Australia continues to be a world leader in innovative low-cost payment platforms for both consumers (BNPL) and SMBs.

It is also recognition of the enormous opportunity offered by new digital accounting platforms for Australia’s huge SMB population, historically underserviced from a banking and payments perspective by the traditional banking sector, with their greater focus on the institutional corporate & consumer side.

Paytron’s innovative payments platform integrates seamlessly with established disruptors XERO and MYOB’s software and builds on their efforts to simplify the previously costly and time-consuming process for SMBs. Paytron is expected to complete its MYOB integration in the coming weeks, with more accounting packages and enterprise resource planning (ERP) systems to come.

“We’re delighted Tim, Ingrid and Stu have joined the Paytron team. Their extensive experience and desire to focus on the rapidly developing fintech revolution in banking and accounting only reinforces the attractiveness of this sector to leadership talent in the financial services sector.

“Paytron’s purpose is to make our customer the Hero. Whether it’s the small business owner who gets their weekend back, or whether it’s the trusted advisor, bookkeeper or outsource CFO, we want to help SMBs grow their bottom line by leveraging their existing resources, whether that’s time or teams, with our automated and simplified payments system,” said Jaco Veldsman, Paytron Co-Founder.