At the beginning of the year, European fintech unicorn Tradeshift announced that it would be pursuing a strategic focus on achieving near-term profitability. Part of this strategy has involved making a series of key hires to further bolster its leadership team.
Today, Tradeshift announced that Carrie Dolan, formerly of fintech companies Metromile and Lending Club, will be joining the company as CFO. Dolan brings over 20 years of experience as a senior financial executive across a range of Fortune 500 companies and high-growth fintech businesses.
Dolan joins Tradeshift from pay-per-mile car insurance startup, Metromile, where she was instrumental in scaling the company and more than doubling revenues, while also achieving product profitability. Prior to Metromile, Dolan was the CFO of Lending Club where she helped grow the company into the world’s largest online marketplace connecting borrowers and investors. In 2014, she managed Lending Club’s IPO, raising $1 billion in capital and making it one of the top 10 U.S.-based Internet public offerings.
Earlier in her career, Dolan was senior vice president and treasurer for Charles Schwab and CFO for the Schwab Bank, which she helped launch in 2003. She also held various financial positions at Chevron and launched the Chevron Credit Bank, which offered proprietary credit cards.
“Embedded finance is the next stage in the evolution of fintech,” said Dolan. “Tradeshift’s global marketplace offering and the data this generates make its proposition highly compelling in this space. There are significant opportunities to monetize further across the Tradeshift network, delivering value to businesses through digitized financing options and a host of other services. I’m excited to join a great team at a really pivotal moment in Tradeshift’s journey.”
Dolan’s appointment is the latest in a series of senior hires made by Tradeshift since the beginning of the year designed to support a strategic focus on core growth areas in payments, finance and marketplaces.
“As businesses assess what the future post-COVID might look like it’s bringing a lot of attention to Tradeshift and the services we provide to help digitize the relationships between buyers and sellers globally, and deliver faster access to working capital,” said Christian Lanng, CEO, Tradeshift. “Carrie’s experience in helping disruptive businesses like ours scale effectively will be invaluable as we continue to manage growth responsibly and accelerate towards near-term profitability.”