Capital Access Network, a platform that provides working capital to small businesses, announced the addition of a new CFO, Shiladitya (“Shila”) Ray.
Ray is the former CFO of Global Operations for GE Capital Americas. According to his LinkedIn profile, Ray is a:
“Strategic Finance leader with global experience in leading finance and business operations. Served as CFO for multiple businesses with 15+ years of executive leadership and experience in global organizations.”In his new position, Ray will help develop long-range growth strategies.
Capital Access Network’s former CFO, Daniel DeMeo, is now its Chief Executive Officer.
In May of this year, Capital Access Network provided U.S.-based small businesses access to $66 million. In the month of July it provided access to more than $74 million.
To learn more about Capital Access Network, come see its live demo in New York at FinovateFall next week. Or, watch its FinovateEurope 2011 demo.