Railsr, an embedded finance platform that offers banking services, cards and credit, has announced the appointment of Philippe Morel as chief executive officer.
The UK-based fintech has also appointed Debbie Lotz as chief financial officer and Nick Charteris as chief operating officer.
The new appointments come weeks after the fintech was purchased and re-capitalised by a consortium, led by D Squared Capital.
Morel joins UK-based Railsr from SETL, a blockchain company, which was also sold recently.
Lotz is a chartered accountant with more than 25 years of experience in global banking and joins from National Australia Bank.
Charteris rejoins Railsr having spent the last 12 months at Crypto.com.
Rick Haythornthwaite, the new chair of the board at Railsr, commented: “This is a pivotal moment for Railsr and we are starting a new phase on the front foot.
“Together, we will tackle challenges constructively and methodically embrace opportunities to stabilise the business, strengthen market confidence and grow competitive advantage.
“Philippe brings a potent combination of turnaround experience, strategic consulting and operational leadership, a set of skills which will lead the Railsr team and customers to success.”
On his new role, Morel said: “I am delighted to join Railsr as the company embarks on its new journey.
“I was very impressed by the technology, the team both in London and Vilnius, and look forward to working with our clients and partners to take Railsr on the path to growth again.”