Following the closing of its recent Series A investment round with San Francisco-based venture capital firm, Mosaik Partners, Boost Payment Solutions has formed an impressive board of directors that will help it to continue its meteoric growth as the industry leader in the electronic B2B payments arena.
Boost’s founder and CEO, Dean M. Leavitt, will serve as the board’s chairman and he will be joined by Howard Mergelkamp III, founding partner at Mosaik Partners; Chris McWilton, former President of North America at Mastercard; Jeffrey Hack, former Executive Vice President and Chief Operating Officer of Global Business Solutions at First Data Corporation; and Henry Klein, Founder of Ingwe Capital, LLC and former Managing Director at Lehman Brothers.
“I am truly honored to be joined by such extraordinary group of business builders and industry leaders who share my vision for the future of Boost”, Boost’s CEO, Dean M. Leavitt recently stated. “The combination of our new board and our excellent management team will further enhance our ability to develop and deliver ground-breaking B2B payment solutions to financial institutions, corporations and governmental entities around the globe.”
Founded in 2009 and widely considered a leader in the nascent B2B payments arena, Boost Payment Solutions, Inc. provides corporations, institutions and municipalities with technology-enabled solutions that optimize commercial card usage and acceptance, making the migration of paper checks to electronic payments quick, easy and profitable for all stakeholders. Boost Intercept®, the company’s proprietary B2B technology platform, transforms manually processed virtual card payments into a completely passive, straight-through processed experience for suppliers, while also benefitting buyers through working capital expansion, enhanced revenue opportunities and operational efficiencies. Boost’s B2B-specific reporting capabilities allow enterprises that accept commercial card payments from corporate customers to seamlessly integrate remittance data into their ERP platforms. Boost currently facilitates commercial card payments to suppliers in the United States and territories, The Caribbean, Canada, Europe and UAE and will be launching in Brazil, Australia, New Zealand and Hong Kong/Singapore/Malaysia later this year.