POSaBIT Appoints Matthew Fowler as Chief Financial Officer

Rhea-AI Summary

POSaBIT Systems Corporation (CSE: PBIT) (OTC: POSAF) has appointed Matthew Fowler as Chief Financial Officer of POSaBIT USA. With over a decade of finance experience, Fowler previously held senior roles at AuthenticID and Phytelligence. Ryan Hamlin, CEO/co-founder, expressed enthusiasm for Fowler's contribution to the company's growth at a pivotal time. Fowler's responsibilities will include overseeing finance, legal, human resources, and operations. His expertise in financial management is expected to enhance POSaBIT's innovative payment solutions in the cannabis industry.

Positive

• Matthew Fowler brings over a decade of financial leadership experience to POSaBIT.
• Fowler's track record includes successful roles in rapidly growing technology companies.
• His addition is expected to strengthen POSaBIT's management team during critical growth.

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• None.

POSaBIT Systems Corporation (CSE: PBIT) (OTC: POSAF), a leading financial technology company delivering unique payment processing and point-of-sale (POS) systems for cash-only businesses with a focus on the cannabis industry, is pleased to announce that Matthew Fowler has been appointed Chief Financial Officer of POSaBIT USA.

Matt brings over a decade of diverse finance and operating skills to POSaBIT, including financial management, accounting and controls expertise, and oversight of strategic alliances.

Ryan Hamlin, CEO/co-founder of POSaBIT, said, “Matt brings to POSaBIT substantial financial experience and a demonstrated track record of successfully leading finance organizations and delivering business results at rapidly growing, innovative technology companies. We are excited to have an executive of his stature join our leadership team at such a momentous time in our growth and development.”

As CFO, Matt will be responsible for oversight and management of finance, legal, human resources, and operations.

“POSaBIT has tremendous momentum and a vision for the future of payment processing,” said Fowler. “I couldn’t be more thrilled to join the POSaBIT team and help build out a first-class organization focused on providing cutting edge point of sale and payment processing technology for merchants and a great experience for consumers.”

Matt, an accomplished accounting and finance leader, was most recently Senior Vice President of Finance and Accounting at AuthenticID, where he directed the finance, accounting, and reporting of a rapidly growing fraud prevention and identity verification SaaS platform. Prior to that, Matt was Vice President of Finance and Reporting at Phytelligence, where he directed the accounting and reporting of a rapidly growing agriculture technology startup. Before that he was Director and Corporate Controller in charge of accounting and reporting for Rhapsody International Inc, a $175 million in annual revenue international streaming music company. Prior to that, Matt was a finance leader at numerous fast growing technology firms. He also co-founded and was CFO of Strata Partners, a boutique investment bank. Matt completed his undergraduate degree in economics at the University of Washington, and his MBA in Finance at Gonzaga University.

ABOUT POSABIT

POSaBIT (CSE: PBIT) is a financial technology company that delivers unique and innovative, blockchain-enabled payment processing and point-of-sale systems for cash-only businesses. POSaBIT specializes in resolving pain points for complex, high-risk, emerging industries like cannabis with an all-in-one solution that is compliant, user-friendly and utilizes top-of-the-line hardware. POSaBIT’s unique solution provides a safer and transparent environment for merchants while creating a better overall experience for the consumer. For additional information, visit: www.posabit.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210513005833/en/

FAQ

Who is the new CFO of POSaBIT?

Matthew Fowler has been appointed as the new Chief Financial Officer of POSaBIT USA.

What experience does Matthew Fowler bring to POSaBIT?

Matthew Fowler brings over a decade of diverse finance and operating skills, including leadership roles in companies like AuthenticID and Phytelligence.

What are Matthew Fowler's responsibilities as CFO of POSaBIT?

As CFO, Fowler will oversee finance, legal, human resources, and operations at POSaBIT.

Why is Matthew Fowler's appointment significant for POSaBIT?

Fowler's appointment is significant as it comes at a critical growth phase for POSaBIT, promising enhanced financial leadership and strategic direction.