PayQwick Names Technology and Payments Veteran Chief Financial Officer

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PayQwick’s new CFO fuels company expansion plan

Albert Acevedo, Chief Financial Officer

With more than 25 years in financial services, technology and electronic payments, Acevedo has a proven track record, holding leadership roles and scaling fintech companies during rapid growth.

PayQwick, the leader in seed-to-sale electronic payments for the legal cannabis industry, today named technology and electronic payments veteran Albert Acevedo Chief Financial Officer.

“Albert brings more than two decades of fintech expertise, which is critical to our company today as the leader in cannabis fintech,” said Ken Berke, PayQwick’s President. “Having Albert’s skills and expertise in-house will accelerate our growth into new markets across the U.S.”

With more than 25 years in financial services, technology and electronic payments, Acevedo has a proven track record, holding leadership roles and scaling fintech companies during rapid growth. He was the Finance Director at PayPal, where he managed daily accounting for the $2 billion online payments business. Most recently, Acevedo managed a world-class team as Vice President, Corporate Treasurer and Finance at Blackhawk Network. Acevedo has deep technology experience, having streamlined business processes at Hewlett Packard, Agilent Technologies and Broadcom.

PayQwick’s electronic payment hub empowers legal cannabis businesses to pay each other digitally, ensuring cannabis businesses are getting paid safely and efficiently upon delivery. Additionally, PayQwick’s eCommerce solution enables cultivators, manufacturers and distributors to receive payment directly on their websites. PayQwick also allows cannabis retailers, dispensaries and delivery services to accept credit/debit cards.

“I wanted to join PayQwick because it is uniquely positioned to solve the biggest challenges facing one of the fastest growing markets in the country by providing compliance driven, customer friendly B2B and B2C financial solutions,” said Acevedo.

PayQwick is currently licensed to operate in Washington, Oregon, Alaska and Arizona, and has begun operations in Colorado. PayQwick’s money transmitter license has recently been approved in California. PayQwick is also expanding into Nevada, Maryland, Maine, Florida, Ohio, Pennsylvania, Massachusetts and Michigan in 2018.

The PayQwick app for cannabis businesses can be downloaded in the Apple App and Google Play stores.

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About PayQwick
Founded in 2014, PayQwick brings proven payment processing, cash management and banking services to the licensed medical and adult-use (recreational) cannabis industries. PayQwick is a proprietary technology and regulatory compliance platform that sets the “gold standard” for providing financial services to the cannabis industry. For more information about PayQwick, visit http://www.payqwick.com.

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Trish McCall
PayQwick, Inc
+1 (310) 824-9000
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