InPay Tech seeks a revenue generating CEO
The chief executive officer and co-founder of the ASX-listed Integrated Payment Technologies (InPay Tech), Robin Beauchamp, is to "step back" towards his original role as chief technical officer. Beauchamp had been CEO since 2012, and led the acquisition of ClickSuper and its integrations as a core product for the company in 2013.The management resetting, announced to the ASX late last week, comes in the wake of a strategic review by the company's board, covering product development, business focus and financial and human resources. A search has commenced for a new CEO to lead what has become a rapidly expanding financial technology business - launching new products into new territories - with these objectives set by the board:• generation of greater income streams from its ClickSuper and other payroll products and services through new client contracts;• release of the company's SME payment service PayVu later this month, "with associated early adopter commitment to the product"; and• achieve greater income streams from new PayVu clients with user profiles similar to early adopters (ie, limited new development required).Given the ambitious expansion of its operations beyond Australia - with patents for its payments and wealth management system acquired or pending in several offshore markets, notably New Zealand, South Africa, USA and Canada - the InPay Tech board is running a further review to assess the need for additional capital beyond June 2019.