Alacriti Appoints Michael Lovell as Chief Financial Officer to Accelerate Next Phase of Growth

Veteran SaaS finance executive brings track record of scaling high-growth companies to help scale innovation and expansion

BRIDGEWATER, N.J. – August 24, 2026 – Alacriti, a leading provider of cloud-based payment technology and money movement solutions, today announced the appointment of Michael Lovell as chief financial officer. Lovell joins Alacriti as the company continues to innovate following its recent strategic growth investment and expands the reach of its Orbipay platform across real-time payments, digital money movement, and emerging AI-driven capabilities.

Lovell brings more than 25 years of executive leadership across finance, operations, and corporate banking, with experience scaling high-growth SaaS businesses. He will lead Alacriti’s finance, accounting, and financial planning and analysis (FP&A) functions, partnering closely with the executive team to support the company’s continued expansion and long-term strategic initiatives.

“Michael is one of high-growth SaaS’s most accomplished CFOs, and his experience scaling leading tech companies makes him an outstanding addition to our leadership team," said Manish Gurukula, co-founder and CEO of Alacriti. "As financial institutions accelerate modernization and demand faster, more intelligent payments, we’re investing in the leadership to execute our long-term vision.”

Lovell joins Alacriti most recently from Iodine Software, where he served as chief financial officer and built the company's finance and legal functions from the ground up, helping scale revenue from $26 million to $125 million during his six year tenure. He brings nearly three decades of experience scaling growth-stage tech companies and partnering with private equity sponsors like Bain Capital and Advent. His prior CFO roles include Zenoss, Lifesize, and Grassroots Enterprise.

"What drew me to Alacriti was its combination of innovative technology and unwavering focus on customer success," said Lovell. "The company has built an exceptional reputation for helping financial institutions modernize payments and deliver better experiences to their customers. I look forward to supporting Alacriti's continued growth, strengthening its financial foundation, and helping scale the business for its next chapter." 

Lovell's appointment builds on Alacriti’s continued investment in the leadership and operational excellence needed to support the growing demand from banks and credit unions seeking modern payment infrastructure that enables faster innovation and seamless money movement across every payment rail.

About Alacriti

Alacriti stands at the forefront of payments innovation, delivering comprehensive payment and money movement solutions to financial institutions. Our commitment is to empower our clients and their users with seamless, easy-to-use, and secure real-time payment experiences across all preferred channels, rails, types, and devices. Alacriti’s innovative solutions provide cutting-edge payment technologies that integrate effortlessly with existing infrastructures. Discover more about how we are transforming payments at Alacriti.com.