Ex-UTX CFO Guy Blum Joins BridgerPay as a Partner

Finance Magnates learned on Friday that Guy Blum has become a partner at BridgerPay. Blum will also take up a new role as chief financial officer at the payments start-up.

“After almost 8 years at a NASDAQ company, I felt it was time a for a change," said Blum. "Living in Cyprus and having many friends

in the Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term industry exposed me to it’s [sic] day-to-day challenges."

"When my partners Ran Cohen and Yaron Hershcovich exposed me to Bridger I knew that I can fit in and I should join Bridger core founders’ team. The payment world has lot’s of challenges and by using the best technology with our great payment solutions partners we can actually make a huge difference for our customers allowing them to process better and reach much better results.”

Experienced hands

Blum joins BridgerPay from NASDAQ-listed Verint, a US technology giant. He joined the firm in 2011 and worked for several years in

financial controller positions.

In 2016 he was appointed chief financial officer of UTX Technologies. A provider of mobile tracking solutions, UTX was acquired by Verint for $83 million back in 2014.

Prior to joining Verint, Blum spent almost three years as an auditor in PWC's Tel Aviv office.

"As experienced founders of a Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term company, we know that Bridger is a company on a mission, not just another 'gateway,'" said

BridgerPay CEO Ran Cohen. "But we knew something was missing, a third person that can complete the perfect mix of partners that can lead this venture in all verticals.

"Guy was simply a perfect fit. Besides being an incredible guy, he brings with him massive experience and knowledge of startup-to-enterprise operations and unique financial and personal skills that will come in hand with the ongoing relationships with our long partners list of payment providers and acquirers."