Accelerated Payments appoints industry veteran Neil McMillan
SME funding provider Accelerated Payments today announced the appointment of industry veteran Neil McMillan as head of North America. McMillan brings over 20 years’ experience leading teams for fast-growing firms providing finance to businesses as an alternative to traditional banks. He will be based out of Toronto.
Prior to Accelerated Payments, McMillan spent a decade building Fifo Capital Australia. After turning it into a dominant player in the receivables finance industry in the Southern Hemisphere, he launched the business into the Canadian Market in February 2018. He joined Express Business Funding in 2020 to help them expand and provide finance to a broad range of Canadian businesses.
“Neil brings a wealth of specialist expertise in SME finance as well as a proven track record in leading and building successful businesses,” said Ian Duffy, CEO of Accelerated Payments. “We are thrilled to have him on board as we increase our presence across North America. Our unique solution combines seamless technology with sophisticated business intelligence to help growing companies access working capital finance with ease.”
“I’m excited to help companies across North America get control of cash flow and have the working capital needed to grow their business,” said Neil McMillan. “As we continue to recover from the pandemic and all that came with it, Accelerated Payments is steadily gaining traction in North America and Canada, with an abundance of opportunities for ourselves and the companies we aim to serve.”
Accelerated Payments is one of Europe’s fastest-growing financing providers, topping €500m worth of invoice financing when it celebrated its fourth-anniversary last year. Based in Dublin, with offices in London and Toronto, the company has reported more than 56,000 invoices financed to over 300 companies since it began.
Last year, the company expanded its UK office to support businesses that have been struggling with supply chain issues and the ending of furlough schemes as SMEs switch from state funding back to the private sector.