Miami, Florida – March 30, 2023 – Loquat Inc., an innovative financial technology company, today announced that Jim McCarthy has joined the company’s Leadership Team.

Jim is a leader of the global payments industry with over 30 years of experience across the entire debit to credit spectrum having held senior positions in sales, risk authentication, and digital innovation. He is widely regarded as one of the go-to experts for banks, fintechs, and corporates exploring new card programs and expanding internationally, and he is regularly consulted by analysts for his views on the future of global payments.

“We are thrilled to welcome Jim McCarthy to our team. His proven track record of driving growth and success in the global payments industry sector will be invaluable to us as we continue to expand our business and strengthen our market position. We are confident that Jim will help us achieve our growth goals and take Loquat to the next level.”

– Zarina Tsomaeva, Chief Executive Officer & Founder of Loquat

As a Strategic Advisor, Jim McCarthy will work closely with Loquat Inc. leadership to develop and execute on key strategic initiatives, identify new growth opportunities, and help to position the company for long-term success.

“I am excited to be joining the talented team at Loquat Inc. I have long admired the company’s commitment to innovation, customer satisfaction, and excellence, and I look forward to contributing my expertise to help drive the company’s growth and success.”

– Jim McCarthy, Investor & Advisor

A disrupter and innovator at heart, Jim was at Visa for 18 years and as EVP of Innovation and Strategic Partnerships, he was responsible for developing and driving Visa’s product and technology roadmap, as well as business development for strategic partnerships. Some of the many game-changing payments solutions Jim has been involved with include the delivery of industry standards like 3D Secure and Visa Token Service, and the launch of Apple Pay®., which will be invaluable to Loquat Inc. as it continues to innovate and expand its offerings.

About Loquat Inc.

Loquat, an innovative financial technology company, developed and operates a proprietary banking as a service platform designed with the small business customer in mind by a world-class team of former banking executives, fraud specialists, technology and digital transformation experts, and business owners. The end-to-end-platform allows credit unions and community banks to improve or launch a streamlined digital banking functionality aimed at serving small and medium-sized businesses (SMB) from new account onboarding through delivering lending options, while preventing fraud without sacrificing on the user experience.

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To learn more about Loquat, visit: Loquat Inc.