The financial technology business will appoint former Just Eat PLC global chief operating officer Adrian Blair as its new chief executive from 25 February.
Current chief executive and co-founder, Alexis Prenn, will depart from the role after eight years at the helm, moving to Receipt Bank’s board as chair.
Mr Prenn said the hire follows a strong year for Receipt Bank in which the company passed US$30 million in annual recurring revenue, with 75 per cent revenue growth and hinting towards a “billion-dollar” goal.
“Adrian has unique experience in turning companies of Receipt Bank’s current size into billion-dollar enterprises and a history of leading teams within large enterprises, which are both critical to seizing the huge market opportunity ahead of us.”
As chief operating officer of Just Eat from 2011 to 2018, Mr Blair was the only executive team member to serve throughout the company's transformation from start-up to FTSE 100.
Before this, he led business development for Spotify in Europe and spent six years in senior commercial roles at Google in California and London.
He is a non-executive director at leading hybrid estate agency Purplebricks, and co-founder and Chair of Circl.org, a next-generation leadership development programme for students from deprived backgrounds.
“I have spent the last fifteen years at three companies which transformed global industries. The same opportunity is clearly ahead of Receipt Bank. I am excited to work with the fantastic team Alexis has built to create another transformative global leader, helping millions of small businesses."