- Author: Staff writers
- Posted: April 6, 2022
DiviPay appoints CFO, accelerating its growth trajectory
Former Citi Director, Damon Hauenstein, tapped as CFO of DiviPay as the business unlocks its next stage of growth!
Australia’s leading digital expense platform, DiviPay, has today announced the appointment of experienced financial and strategic leader Damon Hauenstein, as its Chief Financial Officer. The move comes as the business continues to experience rapid growth following a highly successful funding round earlier this year. The business now has over 1,500 paying customers including industry leaders such Canva, Linktree and Eucalyptus.
In his role as Chief Financial Officer, Damon will be responsible for leading the continued growth in DiviPay’s expense platform targeting small-and-medium-sized businesses. DiviPay enables businesses to instantly issue Apple Pay / Google Pay corporate cards to their teams for business purchases. These cards are fully integrated with a software platform that allows finance teams to control spend, manage receipts and synchronise with their accounting platform.
Damon brings over 12 years of experience with Citi, most recently as a Director in its global investment banking team. During this time, he successfully led teams across a number of landmark M&A and capital market transactions with a combined value of over $20bn.
Damon Hauenstein, Chief Finance Officer at DiviPay said: “Businesses are increasingly seeking digitally-native products that meet (or exceed) their personal experiences with consumer products. DiviPay provides businesses with a compelling digital expense platform that is both powerful and easy to use.
I’m delighted to be joining such a passionate team that has achieved incredible momentum over the last few years. Daniel and Russell bring genuine customer focus and a clear product vision. There is enormous potential in front of us and I’m excited to partner with them to achieve DiviPay’s ambitious growth strategy.“
Daniel Kniaz, Co-founder and Chief Executive Officer at DiviPay, said: “Damon’s track-record as a senior financial leader will help us to scale up at this pivotal time. We’re thrilled to have such a high calibre executive join our leadership team and help shape our future. He’ll play a key role in our evaluation of funding options to capitalise on our recent momentum and unlock the next stage of our growth.”