What happened: RentMoola has announced a new CEO to lead the tech company
Why it matters: The company’s founding CEO departed in 2018
A Vancouver tech company best know for its cheque-less rental payment services has locked down a new CEO following some executive flux stretching back to 2018.
RentMoola Payment Solutions Inc. named Karthik Manimozhi to the top job on Thursday (November 14).
Manimozhi most recently served as an executive at San Diego tech company Kyriba Corporation, which specializes in treasury management.
He now also takes a spot on the Vancouver company’s board of director.
RentMoola, which allows users to pay rent or condo fees through their debit cards and credit cards, was founded by brothers Patrick and Philipp Postrehovsky.
Patrick Postrehovsky announced he was stepping down as the company’s founding CEO in June 2018, however, a replacement was not named at that time.
“I am pleased that Karthik Manimozhi has joined RentMoola as the next CEO — his experience in scaling revenue and teams globally will allow RentMoola to focus on revenue growth by offering innovative product solutions that solve payment friction,” Patrick Postrehovsky said in an emailed statement to Business in Vancouver.
Patrick and Philipp now work for PayPal Holdings Inc. and Vancouver-based VoPay International Inc., respectively, and remain significant shareholders in the company.
Manimozhi’s LinkedIn account states that he’s now CEO of RentMoola while listing his location as San Diego.
RentMoola did not respond to a BIV inquiry prior to publication regarding whether Manimozhi would remain based in San Diego while leading the Vancouver company.
"RentMoola has an amazing opportunity in front of it, one where we can take this platform and leverage it to grow existing business while capturing new markets around the world," Manimozhi said in a statement.