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Nayax appoints Sagit Manor as Chief Financial Officer

Appointments

Nayax appoints Sagit Manor as Chief Financial Officer

Manor replaces Liron Grosman, who has held the position for four years

James Spiro | 10:19  22.06.2021

Cashless payment platform Nayax has announced its appointment of Sagit Manor as its new Chief Financial Officer. As the new CFO, Manor will be responsible for the company’s global finance activities as the supply chain and procurement operations. Manor will replace current CFO, Liron Grosman, who held the position for four years.

“I am excited to be part of Nayax’s leadership team and have the opportunity to contribute to a growing and innovative company,” said Manor. “I aim to build on the solid foundation Liron and the Nayax finance team have established and work towards the expansion of Nayax around the globe.”

Sagit Manor. Photo: Michael Soo Sagit Manor. Photo: Michael Soo Sagit Manor. Photo: Michael Soo

Manor will join Nayax after four years as CEO of Nyotron, a cybersecurity company based in San Francisco. Before that, she was VP of Finance and CFO of divisions at Verifone, a fintech manufacturing company in the payments industry.

Grosman is departing from her position following the completion of an IPO on the Tel Aviv Stock Exchange and is seeking new career challenges. She added: “After four fascinating years and the completion of a successful IPO process, it is time for my next challenge. I’m thankful to the founders, for their ongoing trust and support, and I have no doubt the company will continue to grow and prosper."

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“Sagit's substantial expertise in leading financial operations will support Nayax as we become a larger organization with a growing employee base and extensive operations around the world,” commented Yair Nechmad, Chairman of the Board and Chief Executive Officer of Nayax. The company also thanked Liron for her contribution since 2017 praising her leadership and professionalism during their recent IPO.

Nayax was founded in 2005 and provides merchant financial services to a variety of retailers. Today, the company has customers in 65 countries and supports more than 350,000 points of sale. In May, the company started trading on the Tel Aviv Stock Exchange, at the time completing the largest-ever IPO by a tech company on the TASE.

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