Payability hires Stripe Executive Anas Sohail as Head of Sales

By Edlyn Cardoza

Payability, the largest independent funding and payments platform for eCommerce sellers in the U.S., recently announced the expansion of its sales and marketing team with the addition of Anas Sohail as VP, Head of Sales and Jacob Schwartz as its Head of Development and Partnerships.

Sohail will be responsible for further expanding Payability’s sales and business development efforts, reporting directly to co-founder and CEO Keith Smith. He brings deep financial services experience to Payability, having worked at large institutional banks and FinTechs to develop and grow their sales functions. Most recently Sohail managed the B2B vertical at Stripe, where he created the playbook, strategy, and vision within their Growth segment. Prior to Stripe, Sohail helped introduce Checkout.com’s enterprise payments solution to North America and spent more than a decade managing transaction banking verticals at Citi, BNP, and Bank of America.

“The payments market is saturated with both existing and new players. Payability, however, stands out, solving for an immediate need in the eCommerce world. For more than half a decade it has been helping eCommerce sellers to get the funding they need to succeed in a world dominated by providers who are unable to understand their capital requirements. I am looking forward to moving Payability’s mission forward to help sellers to grow their businesses,” said Anas Sohail, VP, Head of Sales at Payability.

Also, Jacob Schwartz, who was previously Partnerships Manager at Payability, has been named Head of Business Development & Strategic Partnerships. Schwartz is a seasoned FinTech executive serving in executive roles at the largest alternative lending companies for small businesses including BlueVine, Fundera and OnDeck. Schwartz will oversee partnerships with marketplaces with solution providers, and other industry partners and Payability’s financing and accelerated payout solutions. Schwartz will be reporting to Deidre Hudson, who joined Payability earlier this year as VP of Growth Marketing.

The latest appointments come in advance of an upcoming product launch, which is aimed at disrupting the eCommerce funding space.

“We listen to our customers and are continuing to innovate to empower growing eCommerce entrepreneurs with flexible funding,” said Keith Smith co-founder and CEO of Payability. “With Anas and Jacob, we’re just that much better equipped to serve both current and prospective sellers and partners with world-class customer service and sales teams as we bring this new product to market.”

News of Sohail’s and Schwartz’s new roles follow the recent addition of two new board members, Andy Sack and Dr. Ellen Levy. The company, which posted 40% topline growth in 2020, has more than 90 employees who are helping to create the next generation of eCommerce financial tools for small business owners. Since inception Payability has provided more than $4 billion in capital to eCommerce sellers.