Timothy Schar Joins Fast-Growing SKUx Team Transforming and Redefining Consumer Offers Through Data-Rich, Product-Based Payment™ Solutions
ST. PETERSBURG, Fla., Sep. 27, 2022—SKUx, an innovative fintech platform as a service company redefining the way consumer offers are delivered, redeemed, settled, and reported, today announced the appointment of Tim Schar as Chief Growth and Administrative Officer. Schar joins SKUx as the company revolutionizes consumer offers and first-party data collection for advertisers and brands to enhance their relationship with consumers. Schar served on the Company’s Board of Advisors since August 2020 prior to his new executive level role.
SKUx is pioneering a revolution in consumer product-level promotions and payments with the advent of its patented Product-Based Payment™ technology. SKUx’s platform provides a convenient, intuitive consumer experience while simultaneously capturing valuable consumer insights from consideration to purchase through secure, serialized, trackable offers in near real time. SKUx’s data-rich approach powers cost-effective, high-conversion offers, while eliminating long-time industry challenges like fraud and inefficient settlement processes, creating powerful 1-to-1 communication opportunities for its clients.
“Tim will provide outstanding leadership to the SKUx organization as we continue to position ourselves for massive scale with the world’s leading companies,” said James Sampey, Co-Founder and CEO of SKUx. “We have had the privilege of working alongside Tim as he served on the SKUx Advisory Board over the past couple years. His deep knowledge of the fintech landscape combined with his experience in finance, SaaS, and M&A has been invaluable.”
Schar brings over two decades of technology and investment banking experience, from his work at Bear Stearns, Credit Suisse, Wells Fargo, and most recently Truist Bank, where he served as Tampa Bay Market President. He has held a diverse range of leadership positions, including Head of Convertibles and Equity Derivatives, Managing Director of Global Market Solutions, and Head of Tech Media Telecom Equity Capital Markets at Wells Fargo. In these roles, he built and managed high-performing teams and advised public and private companies on financing and strategic transactions across multiple industries and geographies, including software, semiconductors, fintech, digital media, and telecom sectors. Tim also served as VP of finance and interim-CFO at ServiceSource International, prior to its IPO in 2011, and was CFO of ApplePie Capital. Tim received a BA degree in Economics, with concentrations in Mathematics and Computer Science from Macalester College.
“I’m excited to join the SKUx executive leadership team at a pivotal time in the Company’s growth. For two years in my Advisory Board role, I’ve witnessed the SKUx team build out an extraordinary product suite combined with a culture of integrity, excellence, and innovation. I hope to help further its success as we prepare to become a global player in offers, payments, and data,” said Schar.
A leading fintech innovator, SKUx gives brands and retailers the power to deliver secure, serialized, intuitive digital offers anywhere, anytime, at the speed of today’s consumer. SKUx transforms virtually any coupon, rebate, or promotional offer into Product-Based Payments™ for the world’s leading brands, payments companies, marketing agencies, and retailers. Leveraging Hedera Hashgraph distributed ledger technology, the company’s patented Smart Incentives™ platform combines offer details, serialization, first party data acquisition, funding, and settlement in near real-time. The result – increased customer trust, laser sharp transparency for all industry stakeholders, and new opportunities for consumer engagement. For more information, visit www.skux.io.