NewtekOne appoints Justine Martin as chief revenue officer at subsidiary

BOCA RATON - NewtekOne, Inc. (NASDAQ:NEWT) announced Wednesday the appointment of Justine Martin as Chief Revenue Officer of its wholly owned subsidiary, Newtek Merchant Solutions (NMS). The financial holding company, currently valued at $303.2 million, has been showing strong revenue growth of 20.21% over the last twelve months according to InvestingPro data.

Martin brings over 30 years of experience in the payments processing industry, primarily from Bank of America’s Merchant Services division. At Bank of America, she led sales teams across multiple regions, focusing on client and revenue growth while recruiting and mentoring staff.

In her new role, Martin will report to Barry Sloane, NMS’s Chief Executive Officer, and Michael Gleason, President and Chief Operating Officer of NMS. Her responsibilities include teaching, training, and mentoring staff while improving integration between the company’s payments, banking, and lending functions.

Martin will manage NMS’s business development and customer servicing teams, which are led by David Devers, Senior Vice President, and Lori Raffaelli, Vice President.

"We are positioning NewtekOne to redefine how independent business owners process payments and move money," said Sloane, who also serves as NewtekOne’s Chairman, President, and Chief Executive Officer.

The company aims to provide small business clients with integrated payment processing solutions that work with credit cards, debit cards, ACH, Fed wire, and potentially Stablecoin in the future. These services are designed to integrate with accounting platforms and the Newtek Advantage business portal.

NewtekOne describes itself as a financial holding company that provides business and financial solutions to independent business owners across all 50 states.

The information in this article is based on a company press release statement.

In other recent news, Newtek Business Services Corp. reported its third-quarter earnings for 2025, with an earnings per share (EPS) of $0.67. This figure exceeded analysts’ expectations, which were set at $0.64. However, the company’s revenue fell short of projections, coming in at $74.94 million compared to the anticipated $78.31 million. These results highlight a mixed performance for Newtek, with better-than-expected earnings but disappointing revenue figures. Despite the earnings beat, the revenue miss has raised some investor concerns. There were no recent analyst upgrades or downgrades reported for Newtek. Investors are likely keeping a close watch on these developments as they assess the company’s financial health and future prospects.

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