SmoothPay Announces Appointment of Rick Kostoff as Board Chair
TORONTO – June 29, 2016 – SmoothPay is pleased to announce the appointment of Rick Kostoff as Chair of its Board of Directors. The former Deputy Chair of TD Securities, Kostoff brings 40 years of senior-level financial services experience to the rapidly growing FinTech firm.
“Having the benefit of Rick’s experience and relationships at the top levels of the Canadian financial services industry is a highly significant development for our company,” said Brian Deck, co-founder and CEO of SmoothPay.
“Rick is the ideal person to lead the Board, work with the executive team and support our national sales and investor outreach efforts.”
Over the course of a 35-year career on Bay Street, Kostoff has been responsible for senior capital markets coverage related to a wide variety of government, infrastructure, and corporate financing assignments. Upon his retirement from TD in 2009, Kostoff shifted his focus to supporting the Canadian start-up community with the founding of Temple Rock Holdings Inc., an investment company with a growing portfolio of business opportunities related to emergent trends in the behaviour of the consumer.
“SmoothPay held immediate appeal as an investment opportunity based on the strength of the management team and the potential we saw in the technology to be truly transformative to the way businesses and consumers interact,” reflected Kostoff.
“Over the last two years, I have seen the evolution of SmoothPay from a promising start-up to a significant player with an enterprise-class platform in market. I am delighted to have the opportunity to serve as Board Chair and look forward to working with the talented team they have assembled toward the company’s success.”
In his role as Chair, Kostoff will help guide the Company’s strategic direction and be an active contributor to the Company’s business development and fundraising efforts.
SmoothPay is the most complete mobile commerce and customer activation platform for retail businesses. Our all-in-one solution addresses the needs of retail businesses while reducing friction and enhancing the customer’s in-store and digital experience before, during, and after the transaction. All this to activate the consumer. Visit http://www.smoothcommerce.tech for more information and follow us on Twitter, Facebook, YouTube, Instagram, LinkedIn and our SmoothPay blog