TORONTO, ON, JAN 11, 2023 – HONK, North America’s leading provider of contactless payments for parking, announced today the appointment of Lavan Jeyamuraly, CPA, CA, as Chief Financial Officer (CFO). Jeyamuraly comes to HONK with a proven track record of developing finance and planning functions that unlock high revenue growth at technology and payment companies at a time when mobile payment use is on the rise.
The way consumers pay for everyday goods and services has changed, with 75% choosing to pay using contactless payments, with a growing trend toward digital wallet use. This year alone, 1.6 billion global consumers are forecasted to pay by digital wallet and by 2024, more than half of e-commerce payments worldwide are predicted to be made digitally.
“Coming off our most profitable year to date, HONK is primed for expansion,” said Michael Back, HONK Founder and CEO. “At this critical point when mobile payment is escalating, we are fortunate to be able to leverage Jeyamuraly’s unique expertise in both revenue growth and partner strategy.”
Formerly VP Finance at Hank Payments, a payment management tech company he helped take public on the TSX/Ventures, Jeyamuraly has deep experience in technology and payments in both public and private markets. Prior to his role at Hank Payments, he worked as an auditor at EY Canada before joining Flipp, an end-to-end digital shopping platform, where he launched and led strategic initiatives to drive revenue in a two-sided marketplace.
At HONK, Jeyamuraly aims to align business and financial strategy to accelerate growth by investing in key infrastructure, technology, talent, and organizational changes.
“I am thrilled to be joining the leader in cloud-based contactless payments for parking and mobility,” said Jeyamuraly. “HONK is shaping the future of payments by replacing old, fragmented systems with new revolutionary technologies, and the potential for the mobile payment industry is enormous.”