Receipt Bank names new CEO
Receipt Bank has named Adrian Blair, former global chief operating officer of Just Eat, as its new CEO. Blair will take the place of founder and current CEO Alexis Prenn, who will continue to serve the company as chairman of the board.
At Just Eat, a London-based online food order and delivery service company, Blair had profit and loss responsibility for all markets. He joined the company in 2011, making him the only executive team member to serve throughout the company’s growth from startup to FTSE 100. Before Just Eat, he led business development for Spotify in Europe and spent six years in senior commercial roles at Google in California and London. He is a non-executive director at the real estate agency Purplebricks, and co-founder and chair of Circl.org, a leadership development program for students from disadvantaged backgrounds.
His hiring follows a reported strong year for Receipt Bank in which the company surpassed $30 million in annual recurring revenue with 75 percent revenue growth. Receipt Bank provides artificial intelligence-powered optical character recognition technology to scan and review documents.
“We’ve hit new milestones much faster than anticipated and are positioned for exponential growth,” Prenn said in a statement. “Adrian has unique experience in turning companies of Receipt Bank’s current size into billion-dollar enterprises and a history of leading teams within large enterprises, which are both critical to seizing the huge market opportunity ahead of us.”
“Receipt Bank has established a market-leading position across continents automating the processing of small business financials,” added Blair. “I have spent the last 15 years at three companies which transformed global industries. The same opportunity is clearly ahead of Receipt Bank. I am excited to work with the fantastic team Alexis has built to create another transformative global leader, helping millions of small businesses.”