Anglo-Irish working capital funding provider Accelerated Payments today announced the appointment of Lee Baty as Head of Accelerated Payment, UK, as demand for working capital solutions continues to grow amidst the cost-of-living crisis.
Prior to joining Accelerated Payments, Lee held senior national leadership positions including HSBC’s UK Head of Trade and Receivables Finance, Business Banking and Mid Corporate. More recently Lee was a Regional Director at PNC Business Credit, a leading provider of Senior Secured Lending to large corporates and private equity backed businesses.
Welcoming the appointment, Ian Duffy, Founder and CEO of Accelerated Payments, said:
“Lee has spent decades helping firms to access a broad range of financial solutions, and his experience working across a wide variety of industries and sectors will be invaluable as we launch the next phase of growth for Accelerated Payments in the UK. I am thrilled to have someone of his calibre on our board as we continue to provide critical support to SMEs and Mid Corporates in the UK navigating an increasingly challenging operating environment. His leadership skills, along with his in-depth financial expertise, mean that he is the best person to lead our operations throughout the UK.
Accelerated Payments is one of Europe’s fastest-growing financing providers, with close to a billion euros worth of invoices financed. Based in Dublin, with offices in London and Toronto, Accelerated Payments has funded more than 80,000 invoices financed to over 300 companies since inception.
The new hire follows the recent appointments of Carolyn McClure as a Vice President of Business Development for the USA market; and industry veteran Neil McMillan as Head of North America. The increase in local staff in each of its key markets will help to advance the company’s regional and global dominance in the alternative finance sector.
Commenting on his new role, Lee said:
“This is an exciting opportunity to work with a dynamic company that genuinely cares about helping businesses with their liquidity challenges. More than ever before, companies are grappling with working capital as soaring business costs and global inflation rates start to bite. Managing cash flow will be critical to overcoming these and other economic challenges – and Accelerated Payments have the solutions to help. I look forward to playing a role in bringing greater awareness about the fantastic services that this fintech offers to SMEs and Mid Corporates – and ensuring that companies can leverage the support they need to grow their businesses in the UK and beyond.”