Damon Hauenstein has been appointed as its chief financial officer. The move comes as the business continues to experience rapid growth following a highly successful funding round earlier this year. The business now has over 1,500 paying customers, including industry leaders such as Canva, Linktree and Eucalyptus.

In his role, Hauenstein will be responsible for leading the continued growth in DiviPay's expense platform targeting small-and-medium-sized businesses.

"Businesses are increasingly seeking digitally-native products that meet (or exceed) their personal experiences with consumer products. DiviPay provides businesses with a compelling digital expense platform that is both powerful and easy to use,"

I'm delighted to be joining such a passionate team that has achieved incredible momentum over the last few years. Daniel and Russell bring genuine customer focus and a clear product vision. There is enormous potential in front of us, and I'm excited to partner with them to achieve DiviPay's ambitious growth strategy. "

Daniel Kniaz, Co-founder and Chief Executive Officer at DiviPay, said: "Damon's track-record as a senior financial leader will help us to scale up at this pivotal time. We're thrilled to have such a high calibre executive join our leadership team and help shape our future. He'll play a key role in our evaluation of funding options to capitalise on our recent momentum and unlock the next stage of our growth."