Capitalise.com hires ex Receipt Bank CRO

Capitalise.com has appointed ex Receipt Bank CRO, Nelson Da Silva, as chief revenue officer. The new hire comes following a period of growth for the company, which closed a £3.5m funding round in February 2019, subsequently doubling its staff headcount, and confirms Capitalise.com’s position as an accounting technology business.

Mr Da Silva has held a number of senior roles within growing businesses and most recently spent almost six years at Receipt Bank first as senior country manager before his promotion to CRO. During his time at Receipt Bank, he played an integral role in growing the company from a small startup with only eight members of staff in 2013 to more than 400 today, leading the company’s revenue streams to achieve 100% year-on-year growth.

At Capitalise.com, Mr Da Silva will be tasked with supporting the company as it scales its accountant and regulated adviser proposition, working with accountants to help them integrate funding into their existing service lines.

Since closing its funding round in February, Capitalise has demonstrated double-digit month-on-month growth. The news of Mr Da Silva’s hire follows the company’s launch of its instant offer marketplace earlier this month, enabling accountants to receive instant funding offers for their SME clients for the first time.

Nelson Da Silva, CRO, Capitalise.com, said: “Capitalise.com’s growth to date has been impressive, particularly over the last year, and it’s clear there is still so much more potential to realise. It provides an essential service, not only for business leaders through access to funding that can be a vital lifeline, but for accountants to be able to diversify their offering by providing essential advice on navigating the financial market. I’m looking forward to getting stuck in and working both with the Capitalise.com team and clients for mutual success.”

Paul Surtees, CEO and co-founder, Capitalise.com, said: “With the economic climate remaining uncertain, small businesses need access to funding and accountants are in a prime position to advise them on the best options according to their requirements. Nelson’s experience of working with accounting firms and scaling an ambitious SaaS business during his time at Receipt Bank will be invaluable both to us and our clients.

This has been an exciting year for us as a business; this hire is the crucial next step in achieving our growth strategy and Nelson’s background makes him the perfect candidate.”