Velocity Global, a prominent Employer of Record (EOR) service, has named James Loftus as its new Chief Financial Officer, signaling a strategic move to enhance the company's financial leadership and global growth trajectory. Loftus brings an extensive background in fintech, venture capital, and strategic investment that positions the organization for continued expansion in the competitive global talent management market.
With over 20 years of experience leading high-performing teams, Loftus most recently served as Managing Partner at PayPal Ventures, where he spearheaded a $1 billion early-stage fintech investment fund and developed the firm's AI investment strategy. His track record of advising high-growth startups across fintech, artificial intelligence, and global commerce sectors makes him a valuable addition to Velocity Global's executive team.
CEO Francoise Brougher emphasized the strategic importance of Loftus's appointment, highlighting his expertise in scaling businesses as critical to the company's continued leadership in the Employer of Record category. The move signals Velocity Global's commitment to leveraging sophisticated financial strategies and technological innovation to support businesses expanding their international workforce.
Loftus expressed enthusiasm about joining the organization, noting the transformative potential of their global talent management solutions. His vision aligns with Velocity Global's mission to simplify international employment processes through a combination of AI-powered technology and local, in-country expertise.
The appointment comes at a pivotal moment for global workforce management, as businesses increasingly seek flexible, compliant solutions for international talent acquisition and retention. Velocity Global's ability to operate across 185+ countries positions the company as a key player in addressing the complex challenges of global workforce expansion.
Loftus's educational background, which includes degrees from Boston College and NYU Law, further underscores his comprehensive understanding of the legal and financial complexities inherent in international business operations. His strategic insights are expected to drive Velocity Global's financial planning, investment strategies, and continued technological innovation.
