Embattled embedded finance platform Railsr has appointed a new leadership team, consisting of a CEO, CFO and COO, after it was acquired by an investor consortium in a rescue deal last month.
Philippe Morel takes the role of CEO, Debbie Lotz is the new CFO and Nick Charteris rejoins Railsr as COO.
Rick Haythornthwaite, chair of the board at Railsr, said: “This is a pivotal moment for Railsr and we are starting a new phase on the front foot.
“This triumvirate of executive appointments bring deep experience and renewed energy to rebuild momentum, drive change and return Railsr to growth.”
Morel brings experience as the former CEO of SETL and the previous global head of capital markets practice at Boston Consulting Group.
Lotz has previously worked for the Royal Bank of Scotland and the Commonwealth Bank, while Charteris previously worked for Railsr as its chief of staff and global head of operations but spent the last year as Crypto.com’s UK general manager.
The revamped leadership team will now look to turn the fortunes of Railsr around after it avoided bankruptcy last month.
An investor consortium consisting of D Squared Capital, Moneta VC and Ventura Capital acquired the assets of the company for what was then an undisclosed sum. Sifted has since reported that the deal valued Railsr at £413,904, just months after the company raised £40m in a Series C round.
Haythornthwaite added: “Together, we will tackle challenges constructively and methodically embrace opportunities to stabilise the business, strengthen market confidence and grow competitive advantage.”