Lightspeed’s new CFO vows to help company become “Canada’s next great technology story”

Lightspeed, Canada’s leading point-of-sale and e-commerce software provider, appointed Brandon Nussey as CFO on April 25. Nussey joins the team amid a period of tremendous growth after record-breaking investment in 2017. He pledges to help Lightspeed stay innovative, true-to-spirit, yet disciplined, while working to achieve its lofty goals.

“It’s a pretty exciting time to join this company,” Nussey said in an interview with Montreal in Technology. “I still remember the first time I came to the office in Montreal and got a feel for the culture, the buzz, the growth, and everything. It really resonated well for me in terms of my background, my strengths, and what I hope to continue to be a part of going forward. I love helping companies grow [….] We’ve got some pretty ambitious plans here [at Lightspeed], and I really look forward to helping this company be Canada’s next great technology story.”

Founded in 2005 by Dax Dasilva, Lightspeed services more than 50,000 businesses in over 100 countries worldwide, and processes over US $15 billion per year. Headquartered in Montreal, the company also has offices in Ottawa, Ghent, Amsterdam, Olympia, London, and New York City. True to the Montreal spirit, Lightspeed celebrates diversity and multiculturalism as key tenets of its brand.

Despite Lightspeed’s impressive success, there are still considerable opportunities for growth in an industry that’s continuously changing. According to Nussey, in a market largely served by legacy technology players, there’s a “good long runway” for newer companies like Lightspeed to continue providing exceptional customer experiences. But Lightspeed has been dubbed one of the fastest growing companies in Canada, and its only expanding—in both size and impact. And with 20 years of experience as a top tech executive under his belt, Nussey’s influence will surely lead Lightspeed to even brighter things.

Founder and CEO Dax Dasilva thinks so, too. “We’re excited to bring Brandon on board with his expansive finance, investment and leadership experience which are true assets to the Lightspeed team in the wake of our Series D round and ongoing growth,” he said.

The growth is only just beginning. Lightspeed is looking to hire approximately 100 employees in the next year and create even more opportunities for the Montreal tech community. While Nussey’s excited about the inevitable development that’ll come with increasing headcount, he’s wary of the importance of preserving Lightspeed’s unique corporate culture.

“I think the number one challenge for companies like ours, as we get big and as we grow in scale […. Is] to protect the culture, to stay agile as a business, [and] to keep that entrepreneurial spirit alive,” he said. “But at the same time, we have to be increasing discipline as we get bigger.”

This crucial balance—between encouraging growth and staying authentic—is what Nussey hopes to bring to Lightspeed.

To stay up to date on Nussey’s work and employment opportunities at Lightspeed, check out the company’s website and keep reading MTL in Tech.


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