Receipt Bank Appoints CFO to Accelerate Growth

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Receipt Bank, the award-winning bookkeeping platform, is announcing the appointment of Alex Gayer as CFO, to accelerate the company’s growth. With 20 years’ experience in scaling and transforming businesses, Gayer will be tasked with building on the active user base that already works with Receipt Bank globally, to automate their bookkeeping process.

Gayer’s role will see him work closely with co-founders Michael Wood and Alexis Prenn to shape the strategic direction of the business. The focus will be on laying the foundations for accelerating growth and entering new markets to bring the benefits of real-time accounting to many more small businesses and accountants worldwide. 

“I want to work for a company that is shaping its own industry, not just following the crowd, and in Receipt Bank I have found the perfect fit,” comments Gayer. “The business has already achieved significant success internationally but the enormous potential for growth is what really attracted me. There are 200 million small businesses in the world, all of which are required to do bookkeeping. That is a huge market to conquer. The strong foundations and AI expertise that we have within the business puts us in the best position to capitalise on this opportunity and lead the future of bookkeeping.” 

The experience that Gayer has accrued over his career stands him in good stead to drive the company forward, according to Receipt Bank. 

“As Receipt Bank continues to grow at such pace, Alex is absolutely the right person to guide the business and ensure that we expand effectively,” states Alexis Prenn, CEO, Receipt Bank. “His track record and expertise in financing and scaling companies will be central to the strategic direction that the company takes. He is an important addition to our senior management team, as we strive to continue leading the transformation of the bookkeeping industry for accountants and small businesses.” 

Prior to joining Receipt Bank, Gayer most recently held the role of CFO at SwiftKey, where he raised the capital that allowed the company to execute on a new business model and build a user base of over 300m. While in this role, he also oversaw the growth of the business internationally, establishing operations across multiple continents, including Asia and North America, before its sale to Microsoft. Gayer is a Chartered Accountant, having qualified with PwC, and holds an MBA from London Business School. 

Gayer joins a company that serves more than 5,000 accounting and bookkeeping firms globally and has raised USD$10 million in growth capital.