Fintech firm Monavate expands supply chain payments division

Fintech firm Monavate expands supply chain payments division

It has three new hires

Payments solutions provider Monavate has announced it has expanded its Supply Chain Payments division with three key new hires, with the goal to bring "simplicity and clarity" to B2B payments in verticals such as travel, marketplaces, and logistics and haulage.

Davide Antonioli has joined as head of revenue growth for supply chain payments, bringing in nearly a decade of expertise in the payments and fintech industry with a strong background in leading commercial teams and shaping go-to-market strategies. 

Antonioli worked with Mastercard and joined the early stages of eNett, following which he supported the launch and expansion of the Payments Business Unit of the global travel solutions provider, Amadeus. 

Most recently, Antonioli led the international commercial expansion of the US fintech ConnexPay, where he was head of sales, overseeing International Markets. 

Paul Marsden has joined the firm's Supply Chain Payments division as head of risk. In his role he will help structure, build and deploy payment flows that significantly cut risk for businesses, as they endeavour to grow and perform in a hyperconnected, cross-border business environment. 

Marsden has over 10 years of experience within the world of risk, compliance and financial crime. 

Justin Waters has joined as head of operations in Supply Chain Payments, to "strengthen and underpin" Monovate's division and expansion. He has background of roles that particularly focus on client onboarding for global payment companies. 

He has experience in managing onboarding and client-facing teams, as well as virtual payments, business process analysis, requirements analysis, business and leisure travel, and integration within the payments and business travel industry.

Monavate launched its new Supply Chain Payments division in October 2023, with the aim to create "innovative and effective payment solutions" to help businesses in key verticals alleviate the challenges faced due to inefficient payments and their associated processes. 

Anant Patel, president of supply chain payments of Monavate, said: “The global B2B payments market ranges from $100 trillion to $150 trillion, and businesses everywhere experience a growing need for efficiency, innovation and a departure from outdated workflows and practices that pose barriers and add risk to businesses. 

"Monavate’s new Supply Chain Payments division aims to bring order to this over-burdened, over-complicated landscape, and I welcome the new joiners to our endeavour. Together, we will make payments an accelerator, not an inhibitor, for businesses across the globe."