Velocity Global Appoints James Loftus as Chief Financial Officer to Drive Global Expansion Strategy

Velocity Global, a prominent Employer of Record provider, has appointed James Loftus as Chief Financial Officer, marking a strategic move to strengthen its financial leadership during a period of significant global expansion. Francoise Brougher, CEO of Velocity Global, emphasized the importance of this appointment, stating that Loftus's extensive experience in scaling high-growth businesses will be critical as the company continues to lead the Employer of Record category. The company operates through its platform at https://velocityglobal.com/, providing global workforce solutions across 185+ countries.

Loftus brings over two decades of experience leading high-performing teams in fintech, mergers and acquisitions, and venture capital. His most recent role as Managing Partner at PayPal Ventures involved leading a $1 billion-plus early-stage fintech investment fund and helping launch the firm's artificial intelligence investment strategy. This background positions him to contribute significantly to Velocity Global's financial and corporate strategy as the company empowers growing companies with insights on building and scaling global teams.

In his new role, Loftus expressed enthusiasm about joining Velocity Global during what he described as an exciting time in the company's growth trajectory. He highlighted the company's mission to transform how businesses manage global talent and positively impact lives, noting the inspirational nature of this work. Loftus's appointment comes as Velocity Global combines AI-powered technology with local, in-country expertise to simplify every aspect of international employment, from payroll to compliance and retention.

The significance of this executive appointment extends beyond individual leadership changes, reflecting the growing importance of the Employer of Record sector in facilitating global business expansion. As companies increasingly seek to build international teams without establishing legal entities in every country, providers like Velocity Global play a crucial role in ensuring compliance and operational efficiency. Loftus's background in fintech and AI investment suggests potential future directions for the company's technological development and market positioning.

This strategic hire underscores Velocity Global's commitment to maintaining its leadership position in the competitive global employment solutions market. With Loftus's expertise in scaling businesses and his experience as a strategic advisor to founders of high-growth startups across fintech, AI, and global commerce, the company appears positioned to accelerate its growth and enhance its service delivery to clients worldwide. The move also signals the increasing convergence of financial technology expertise with global employment solutions, reflecting broader industry trends toward technology-driven human resources management.