Finzly appoints first CFO and head of partnerships to expand operations

CHARLOTTE - Fintech company Finzly announced Thursday the appointment of Adam Carson as its first Chief Financial Officer and Robert Coakley as Head of Partnerships as the payment infrastructure provider seeks to scale operations.

Carson brings 20 years of experience in software and technology companies, having previously served at Cyence where he helped navigate the company’s acquisition by Guidewire Software (GWRE). Under Carson’s tenure, Guidewire has shown remarkable performance, with a 56% return over the past year and impressive revenue growth of 19%. The company maintains strong liquidity with a current ratio of 3.2. He also played a key role in Barracuda Networks’ IPO as VP of Finance and Investor Relations. Carson holds an MBA in Finance from the University of Michigan and a BA from Brown University.

Coakley joins with over two decades of leadership experience in transaction banking, having built partner ecosystems at CGI, Finastra, and Fundtech.

"Adam and Robert bring the strategic vision and operational expertise we need as we scale," said Booshan Rengachari, founder and CEO of Finzly in the company’s press release.

Finzly provides payment infrastructure solutions for financial institutions, offering capabilities across payment rails including ACH, Fedwire, SWIFT, and instant payments through its BankOS platform.

The appointments come as the company reports increasing demand for its payment modernization solutions. According to the company, its platform allows financial institutions to launch new services while reducing implementation complexity. For detailed analysis of companies in the fintech sector, including comprehensive financial metrics and expert insights, visit InvestingPro, where you’ll find in-depth research reports covering 1,400+ top stocks.

In other recent news, Guidewire has reported a robust third-quarter performance, surpassing market expectations in annual recurring revenue, total revenue, and profitability. The company closed 17 cloud deals during the quarter, including five new clients, contributing to its positive financial results. Following these strong outcomes, Guidewire has raised its fiscal year 2025 guidance, with notable increases in operating income and cash flow projections. Analysts at RBC Capital have subsequently raised their price target for Guidewire stock to $290, maintaining an Outperform rating. Meanwhile, DA Davidson also increased their price target to $246, citing the company’s impressive financial performance, although they retained a Neutral rating. In addition to financial achievements, Guidewire announced the launch of a Docusign integration for its PolicyCenter and ClaimCenter platforms, aimed at enhancing digital workflows for insurers. The company also celebrated reaching over 20,000 partner integration downloads on its Marketplace, reflecting a 32% year-over-year growth. JPMorgan continues to rate Guidewire as Overweight, highlighting the company’s expected milestone of exceeding $1 billion in annual recurring revenue next month.

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