The ai Corporation (ai), the leading provider of payments and fraud management solutions, announced the appointment of Mark Wheelhouse as its new Chief Financial Officer. Wheelhouse will lead ai’s finance department and play a key role in driving the company’s ambitious growth strategy in the retail fuel, mobility payments and fraud management markets.
Piers Horak, ai’s CEO, comments: “We are building a leadership team to drive ai’s next stage of growth and capitalise on the outstanding momentum we’ve seen in the retail fuel, mobility payments and fraud management markets over the last seven years. Mark’s hire represents a significant step in elevating our financial and operational leadership, as we continue to expand our market presence, invest in the company and our cutting-edge technology.
“Mark will be instrumental in optimising our financial resources and positioning ai for future growth opportunities. His expertise in scaling ambitious companies aligns perfectly with our strategic objectives, and we are confident that his leadership will contribute significantly to our ongoing success.”
With a strong background in financial planning and analysis, strategic business planning, fundraising, and investor relations, Wheelhouse brings a wealth of experience to ai. Prior to joining, he served as the Chief Financial Officer at Cyacomb, the leading digital forensics business, and successfully operated his own CFO consultancy. His extensive experience in CFO roles, coupled with his professional qualifications as a Chartered Accountant, means his expertise will be instrumental in the next stage of ai’s journey.
Commenting on his new role, Wheelhouse said: “ai is at an inflection point – investing in our core retail fuel, mobility payments and fraud management products, re-shaping our go-to-market strategy and pursuing strategic growth to enhance the value proposition we offer our customers. I’m thrilled to be joining a true market leader at such an exciting time and partnering with the team to drive the next phase of ai’s growth.”
Wheelhouse will collaborate closely with ai’s existing executive team and its board of directors to further strengthen ai’s global growth. This appointment marks the third significant addition to ai’s management team this year, following the appointment of Piers Horak as Chief Executive Officer in December 2023 and Nikhil Samuel as Chief Technical Officer in January (2024). With a strong financial foundation and a talented leadership team in place, ai is well-positioned to capitalise on emerging market trends and pursue strategic partnerships.
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The ai Corporation
ai is trusted around the world for developing innovative technology that allows our Clients to take control and grow profitably. Founded in 1998, we have a long track record of providing solutions to some of the world’s largest financial/payment institutions and international merchants. Our long-standing business partnerships are based on making things simple and providing self-service tools that allow our customers to take control. Through our relentless focus on these tools, we constantly strive to help our Clients create highly profitable returns.
