Dive Brief:
- FreshBooks, a cloud accounting software company, appointed Wayne Jackson as its new CFO effective Sept. 6, the company announced. Jackson was previously CFO at digital payments company Cantaloupe, Inc.
- Jackson succeeds Michael Washinushi, who joined the company in 2005 and is currently the audit committee chair at VerticalSlope, Inc. which builds and operates cloud-based digital community platforms.
- “Wayne has deep expertise in M&A, international expansion and financial management, which will help FreshBooks continue driving our global expansion and growth strategy forward,” said Don Epperson, CEO of FreshBooks in an emailed response for comment.
Dive Insight:
The appointment comes amid a period of growth for the Toronto- based company which secured a $125 million loan on Aug. 03 from BMO Financial Group and J.P Morgan. The cash is to be used to support the company’s growth in strategic acquisitions and investment into regulated markets, said the company in a press release.
“Wayne will support FreshBooks with our ambitious global expansion strategy. We have seen some great momentum, and are excited to add new markets, new channels and new acquisitions,” said Epperson. The CEO said that Jackson will specifically be funding the company where they find the lowest cost of capital — whether that be debt markets, private markets or public markets.
Jackson has held CFO roles at both private and public companies. He was finance chief of Cantaloupe, Inc., a digital payments company, from August 2020 to August 2022, which recently rebranded from USA Technologies under his leadership,
Prior to Cantaloupe, Jackson was also the CFO of SecureWorks, a global cybersecurity company where he completed an initial public offering in 2016. His resume also includes over 20 years at PwC, where he was senior client services partner, according to his LinkedIn profile.
“I see so much opportunity ahead for FreshBooks. This is truly a great company with a strong leadership team. I’m inspired to be here, working with such great people and serving small business owners around the world,” said Jackson in an emailed response to a request for comment.
