The fintech said Alex Popa, who had been chief executive since 2011, and co-founder Lloyed Lobo, who has previously been president, will serve on the board. Alok Tyagi, most recently chief product and technology officer at DealerSocket, takes over the top post “for the next phase of the company’s growth.” (The Logic)
Talking point: “We believe that we have hit a moment in time where Boast will significantly benefit by us making room for a CEO with experience in scaling a business,” the co-founders said in a statement. The firm, which helps companies secure research and development tax credits, raised a $30-million Series A in December 2020, followed by a US$100-million credit facility in February 2021. It then hired its inaugural chief financial officer in May 2021. It also added ex-Galvanize CEO Laurie Schultz to its board, hired Tara Janke as chief technology officer and added a chief marketing officer.