BFS Capital Appoints Raif Barbaros as Chief Technology Officer


Six-time founder and CTO will lead product design and engineering to drive digital innovation for small business financing platform.

CORAL SPRINGS, FL. (June 19, 2020) – BFS Capital, the small business financing platform, today announced the appointment of Raif Barbaros as Chief Technology Officer. Barbaros brings two decades of experience in founding and leading digital startups globally.

Reporting to CEO Mark Ruddock, Barbaros will lead BFS Capital’s technology and engineering efforts, overseeing product management and design as the company accelerates the deployment of its AI-enabled financing platform for small businesses.

“We are excited to have Raif join the BFS Capital team. As a six-time startup founder and CTO, Raif brings firsthand experience in rapidly building and scaling mobile-first, digitally enabled businesses. His impressive track record leading cross functional teams to drive growth and innovation will be an asset as we scale our next-generation technology and business from our Toronto tech and data science hub,” said BFS Capital CEO Mark Ruddock.

Barbaros, a serial founder and CTO of venture-backed startups in the Bay Area, and Toronto, three of which were acquired and two reached millions of users. Most recently, he founded an AI start-up that used machine learning to predict customer churn in SaaS companies. Prior to that he led the product, design, engineering and customer success teams at Influitive, a late-stage B2B SaaS company whose customers include 8 of the 10 largest software companies in the world. Before Influitive, he was the founding VP Technology at Loblaw Digital – the team responsible for digital and e-commerce at Canada’s largest retailer. He led engineering, data science, QA and support and built a team of 150 from the ground up as the eCommerce business grew from zero to nine figures in four years through the launch of four distinct eCommerce platforms: Online grocery, apparel, cosmetics and Rx prescriptions.

“I have enjoyed a wide range of opportunities in my career and am excited to apply my passion for AI, software engineering and product development at BFS Capital. Mark’s vision for modernizing the way small businesses can unlock the financing they need aligns with my desire to do something impactful. As the son of immigrant small business owners, I know the difficulty that financing can present—especially now with COVID-19. I believe AI will play a pivotal role in helping small businesses recover and renew when the crisis comes to an end and I look forward to being at the forefront of helping small businesses grow once again,” said Raif Barbaros, CTO, BFS Capital.

Barbaros earned two bachelor degrees in Computer Science and Mathematics from Queen’s University and an MBA from Haas School of Business at University of California, Berkeley.

About BFS Capital

BFS Capital champions the long-term growth and prosperity of small businesses by providing timely, flexible financing solutions. BFS Capital’s leading small business financing platform leverages customized underwriting and proprietary algorithms to fund businesses in the United States, Canada, and the United Kingdom. Since 2002, BFS Capital has provided over $2.3 billion in total financing to over 24,000 small businesses across more than 400 industries. Headquartered in South Florida, BFS has offices in Coral Springs, New York, Toronto and London. BFS Capital is an accredited BBB company with an A+ rating.

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