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Receipt Bank, a cutting-edge global financial technology company, has today announced the appointment of Adrian Blair as CEO.
Mr. Blair, a leading expert in multi-national sales and business development, was previously Global Chief Operating Officer at Just Eat PLC where he had P&L responsibility for all markets, growing revenue from £25m to over £700m. His hiring follows a strong year for Receipt Bank in which the company passed US$30m in Annual Recurring Revenue (ARR) with 75% revenue growth.
Receipt Bank, a unique platform using AI-powered OCR technology, is poised to revolutionise small business productivity and cloud accounting for millions of businesses. Alexis Prenn, founder and current CEO of Receipt Bank commented: “We’ve hit new milestones much faster than anticipated and are positioned for exponential growth. Adrian has unique experience in turning companies of Receipt Bank’s current size into billion-dollar enterprises and a history of leading teams within large enterprises, which are both critical to seizing the huge market opportunity ahead of us.”
As Chief Operating Officer of Just Eat from 2011 to 2018 Adrian was the only executive team member to serve throughout the company's transformation from start-up to FTSE 100. Before this, he led business development for Spotify in Europe and spent six years in senior commercial roles at Google in California and London. He is also a non-executive director at leading hybrid estate agency Purplebricks, and co-founder and Chair of Circl.org , a next-generation leadership development programme for students from deprived backgrounds.
Mr. Blair commented, “Receipt Bank has established a market leading position across continents automating the processing of small business financials”. He went on to say, “I have spent the last fifteen years at three companies which transformed global industries. The same opportunity is clearly ahead of Receipt Bank. I am excited to work with the fantastic team Alexis has built to create another transformative global leader, helping millions of small businesses."
After building a strong team of 400 people at the company - and driving the efforts for its solution to be used and loved by thousands of accounting and bookkeeping firms around the world – Mr Prenn will continue to serve as Chairman of the board.