Latest news with #Medius
Yahoo
12-08-2025
- Business
- Yahoo
Medius Appoints Chris Wilmot as Chief Financial Officer
LONDON, Aug. 12, 2025 /PRNewswire/ -- Medius, a leading provider of AP Automation and wider Spend Management solutions, today announces the appointment of Chris Wilmot as Chief Financial Officer. Wilmot joins Medius at a time of strategic expansion and product innovation. Based in London, United Kingdom, Wilmot will oversee Medius' financial strategy and long-term health as the company advances its mission to empower finance teams of the future through AI-driven AP and spend management. With deep financial expertise in global organizations, Wilmot will drive value creation and operational excellence within the organization, as well as advocate for Medius' core customers and CFOs looking to achieve greater productivity and financial control. Wilmot holds more than two decades of experience in analytics and global business strategy, most recently serving as Chief Financial Officer at Qualitest Group for six years. He also held transformative CFO roles at Clarion Events and BT Global Services, driving rapid development and overseeing financial performance internationally. Across these executive positions, Wilmot led both organic growth and acquisition-driven expansion across multiple continents. His expertise spans strategic integration, operational excellence, and financial stewardship within globally distributed organizations. Chris Wilmot, CFO, Medius, comments: "Medius is redefining the fintech industry by bringing intelligence and autonomy to the core of finance operations. I'm excited to join a company that is actively shaping the wave of digital transformation we're seeing. With growing demand for real-time insights, control, and fraud prevention, there's never been a more important time to deliver solutions that help finance teams lead with confidence." Jim Lucier, CEO, Medius, comments: "Chris joins Medius at a pivotal moment in our growth. As we scale globally and redefine how finance teams harness solutions to transform spend and reduce risk, his track record as a transformational financial leader will be instrumental in driving our vision forward." Wilmot's appointment follows a series of updates and strategic expansions at Medius. This past June, Medius launched Medius Payments, a fully embedded solution that enables finance teams to streamline the approval and execution of secure invoices. The company also recently forged partnerships with leading European channel partners and earned full qualification as a Yardi Ecosystem Partner, joining the network of the premier connected real estate software provider. For more information, please contact: Dan Bird, Fight or Flight for +44 7885 670798 / Medius@ This information was brought to you by Cision View original content: SOURCE Medius
Finextra
25-06-2025
- Business
- Finextra
Medius moves into embedded payments market
Medius, a leading provider of Accounts Payable (AP) automation and spend management solutions, has announced the launch of Medius Payments, an embedded payment solution that enables finance teams to securely approve and execute payments, all within one unified accounts payable platform. 0 This new launch marks the premiere of Straight Through Payments, a capability that allows payment batches to be built and executed directly from Medius. No ERP file uploads or middleware are required. Payments are routed through customers' existing bank accounts, allowing them to retain control over their cash while streamlining disbursement. Medius Payments, which builds upon the existing Medius Pay solution, supports multiple payment methods across the United States, Europe and the rest of the world, including ACH, SEPA, BACS, CHAPS, BankGiro, wire, checks, and virtual cards. This breadth, combined with multi-currency and international capabilities, gives finance departments a consistent and compliant way to pay any supplier. Unlike bolt-on payment tools, Medius Payments is natively built into the Medius AP workflow. Approval rules, fraud detection, and audit trails are embedded directly into the system. This reduces fraud exposure, improves visibility and enables fast, policy-aligned payments without the need for additional software or manual processes. Integration with the customer's ERP ensures a synchronized audit trail, supporting compliance and streamlining reconciliation processes. This visibility from invoice capture to final payment allows finance teams to operate with greater confidence and efficiency. Additionally, suppliers benefit from faster payment processing and enhanced remittance information, which improves their ability to reconcile payments and manage cash flow. 'Finance teams don't need more tools. They need fewer, smarter ones,' said Gary Hall, Chief Product Officer at Medius. 'Medius Payments simplifies how money moves. By embedding payments directly into the AP workflow, we give customers a clear path from invoice to payment execution with full security and without changing how they bank.' 'Automation only delivers its full value when it extends from start to finish,' said Ekaterina Dzhalchinova, Vice President of Product Management, at Medius. 'Medius Payments is a critical step in that journey. It is built for the complex needs of mid-market and enterprise finance teams and delivered in one connected experience.' This launch is part of Medius' broader vision to eliminate fragmentation in finance operations and offer full visibility from invoice receipt to payment settlement.
Yahoo
04-06-2025
- Business
- Yahoo
One of Africa's most successful founders is back with a new AI startup and already raised $9M
In 2023, co-founders Karim Jouini and Jihed Othmani sold their expense management startup Expensya to Swedish procurement software firm Medius in what is widely considered to be one of the largest acquisitions of an African startup. Some sources say the sum was just over $120 million, although deal terms were not disclosed. Success achieved, both founders swore off entrepreneurship, never intending to do another startup again and Jouini became a CTO role in the merged software company, with other acquisitions spanning three continents. But the pull of a new technological wave – generative AI – and the thought that they may be able to build something even bigger with them have drawn them back in. The two have now co-founded Thunder Code, a generative AI-powered software testing platform, which has already secured $9 million in seed funding, they told TechCrunch. 'It's pretty crazy because we promised not to do another company because Expensya was too hard," Jouini told TechCrunch. "But I think it's like when people have two kids, they forget how hard the first one was. This new venture is less than six months old and already super intense, but we're fired up. We're convinced this is unicorn material.' Jouini says his transition into head of technology at Medius reignited a spark he missed after years as Expensya's frontman. As he oversaw the integration of six companies across three continents, he saw firsthand how generative AI could reshape the software industry. Testing was a universal problem, no matter the product, a realization that seeded the idea for Thunder Code. Thunder Code tackles slow, manual testing with AI-powered 'agents' that mimic human testers. These agents simulate QA processes, catch subtle UI and UX issues, and learn from feedback. Determined to avoid Expensya's early missteps, Jouini prioritized speed. 'We shipped our first MVP in week six, and now the product is much more solid six months in than Expensya was in year four,' he said. This reflects a widely held belief in startup land that fast feedback trumps perfect plans. Thunder Code is already gaining traction, with paying customers and pilot programs across the U.S., Canada, France, and Tunisia. The company partners with delivery managers, QA shops, and developer teams eager to test and ship faster. Its current focus is web application testing, with plans to expand into mobile, desktop, and API testing by late 2025. In addition to speed, Jouini's second rodeo also applies other hard-earned lessons from Expensya, like focusing on core features and getting the best talent as soon as possible. He's unapologetic about early dilution, as it relates to investing in top talent. 'A lot of African entrepreneurs are scared to dilute capital because they want to keep 100%. We believe that if we create a unicorn while diluting ourselves, that's good value,' he remarked. Jouini believes, however, that AI will let Thunder Code generate 10 times the value with fewer people, echoing the broader sentiment shift toward leaner AI-powered teams. Nevertheless, Jouini admits the jump from expense management to software developer tools was a leap despite the pain points feeling familiar. Yet, he sees software testing as a bigger, more complex market, projected to exceed $100 billion by 2027, still dominated by legacy code-based platforms like Tricentis and BrowserStack, that may be slow to adapt. He believes Thunder Code's fast execution with AI gives it an edge even against similar new agentic products. Thunder Code, headquartered in Paris with an office in Tunis, joins an increasingly crowded market of startups all attempting to do same with entrants ranged from UIPath to startups like Jetify, Nova AI. It helps that his co-founder, Othmani, brings deep expertise in generative AI, having built internal AI tools at Expensya years before ChatGPT made waves. Their complementary skills and the $9 million raised in six months position Thunder Code to move fast and capture market share, Jouini said. The funding round includes familiar faces from Expensya's cap table, including Silicon Badia and Jaango Capital, along with Titan Seed Fund and strategic angels like Roxanne Varza (Director of Station F) and Karim Beguir, CEO of Instadeep, Africa's biggest AI startup. Former and current Expensya employees who cashed out during the acquisition have also invested. "Some of our investors are actually Expensya employees and I'm glad it worked out that way," said Jouini. African product, global market: Expensya employees cashed out $10M from 2023 acquisition This article originally appeared on TechCrunch at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
Executive Shuffle: Fiserv, Temenos, Medius
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Few enterprises survive without useful products and a strategy aligned with customers' needs, making the chief product officer a critical cog in company operations. In May, a trio of companies announced new product executives to bolster this significant corporate function. One of the biggest executive transitions in May was at processing giant Fiserv, which welcomed Michael Lyons as its new chief executive on May 6. That was the same day the U.S. Senate confirmed former CEO Frank Bisignano as the new Social Security Administrator. Bisignano was sworn in at the agency on May 7. Lyons, a former private equity executive and PNC Financial Services Group president, joined Milwaukee-based Fiserv in January as president and CEO-elect. Swiss financial services software provider Temenos appointed two U.S.-based executives with broad mandates over products. Rohit Chauhan was named chief technology officer, charged with leading Temenos' 'overall technology strategy, innovation, research and development driving co-innovation with customers and partners,' the company said in a May 16 press release. Chauhan was previously a managing director and head of digital channels for JP Morgan Chase, where he worked in various roles for about 12 years, per the release. Chauhan was a Morgan Stanley technology executive prior to joining JP Morgan. Temenos also hired Eugene Khmelevsky as its global head of architecture and data, a new role for the Geneva-based company. Khmelevsky's role will involve ensuring that the company's data 'supports a modular, flexible product strategy,' Temenos said. Khmelevsky is a former technology executive at Fidelity National Information Services and Plano, Texas-based retailer JCPenney. Medius, a provider of accounts payable and spend-management tools, named Gary Hall as chief product officer to direct the company's product strategy, according to a May 12 press release. Hall, the former product chief for GSCF, a Swiss-based 'working capital as a service provider,' is based in Boston, a Medius spokesperson said in an email. Medius is a Swedish company with its U.S. offices in Jacksonville, Florida. 'Medius is redefining the experience of managing spend with AI,' Hall said in the release. 'Leading this next chapter of product innovation is a rare opportunity, and I'm eager to help shape what the future of spend management looks like." The payments subsidiary of the Independent Community Bankers of America, ICBA Payments, on May 8 appointed Kelly Kroskie as executive vice president, digital transformation. Kroskie's dual role as EVP also includes TCM Bank, the organization's card-issuing bank. 'Kelly brings a deep understanding of digital strategy and operational leadership that will help us evolve our payments offerings to better serve community banks,' Jacob Eisen, the chief executive officer of ICBA Payments and TCM Bank, said in a press release. AffiniPay, a software firm that specializes in practice management and payment systems for legal operations, announced May 5 that it had appointed Leslie Witt as chief product officer. She will be 'responsible for leading the company's product transformation,' AffiniPay said in a May 5 press release. Witt is a former executive at Intuit and Headspace. 'I found a company with both the zeal and the ability to deeply invest in product and brand,' Witt wrote of Austin, Texas-based AffiniPay on her LinkedIn page. A California regional bank, Pasadena-based Wescom Financial, announced May 15 that it hired Cristobel von Walstrom as its new vice president of payment systems. Von Walstrom was previously a consultant with Retail Payments Global Consulting Group and a vice president of payment networks and partnerships at Synchrony Financial. Latin American fintech EBANX has hired Marie-Elise Droga, a former senior executive with Visa and Western Union, as its new chief revenue officer to help grow in emerging markets in Africa, Asia and Latin America. Droga will lead EBANX's commercial and partnership teams, the Brazilian-based company said in a May 22 press release. Previously, Droga oversaw fintech partnerships for Visa, following a similar role at Western Union. 'Having witnessed firsthand the struggles for financial inclusion in emerging markets, I am driven by a purpose to create real change and impact in these communities,' Droga said in the press release. Recommended Reading Fiserv names Michael Lyons CEO Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-05-2025
- Business
- Yahoo
Medius Appoints Gary Hall as Chief Product Officer to Drive Product Strategy
BOSTON, May 12, 2025 /PRNewswire/ -- Medius, a leading provider of AP Automation and Spend Management solutions, has today announced the appointment of Gary Hall as its Chief Product Officer (CPO). The appointment comes at a transformative time for Medius, following the recent launch of Medius Copilot for Accounts Payable Automation - a smart assistant that streamlines invoice approval, and Medius Supplier Conversations, which enhances supplier engagement through intelligent response automation. As CPO, Hall will lead the development and execution of Medius' global product vision, ensuring the company remains at the forefront of AI-powered, digital-first spend management. With over 25 years of experience in engineering, product development, and strategic leadership, Hall joins Medius from working capital as a service provider GSCF, where he also served as Chief Product Officer. His track record includes scaling digital transformation initiatives, unlocking new revenue streams, and steering product strategy at industry innovators such as Wayfair and iRobot. Hall's extensive expertise and customer-centric approach will be instrumental in accelerating Medius' mission to empower finance teams of the future to optimize and transform spend. Gary Hall, Chief Product Officer, Medius, comments, "Medius is redefining the experience of managing spend with AI, and I'm excited to be part of that journey. We're not just automating processes - we're empowering finance teams to make faster, smarter decisions that drive real business outcomes. Leading this next chapter of product innovation is a rare opportunity, and I'm eager to help shape what the future of spend management looks like." Jim Lucier, Chief Executive Officer, Medius, comments, "As we continue to integrate intelligent technologies into our product offering, Gary's appointment as Chief Product Officer will be critical in ensuring the Medius platform enables our customers to reach their goals. Gary will be essential in leading a global product strategy that provides businesses with a complete view of their spend and continues to transform our APA and spend management solutions offering." For more information, please contact: Dan Bird, Fight or Flight for +44 7885 670798 / Medius@ This information was brought to you by Cision View original content: SOURCE Medius Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
