Betterment losing its CFO to Shopify
Less than two years after Betterment named a new chief financial officer, the robo advisor has to fill the role again.
Betterment’s CFO Amy Shapero is leaving for a new CFO role at the e-commerce platform provider Shopify, effective April 2.
“Amy brings extensive financial, operational, and strategic experience,” Shopify CEO Tobi Lütke said in a press release. “Her deep knowledge of the technology industry and experience scaling high-growth companies, will be a huge asset to Shopify as we enter our next phase of growth and further our mission to make commerce better for everyone.”
Before Betterment, Shapero was CFO at marketing tech firm Sailthru, Spot Holdings and Standard & Poor’s. She was also senior vice president of strategy, corporate development and corporate communications at analytics firm DigitalGlobe.
Ottawa-based Shopify beat Wall Street estimates in the fourth quarter with $222.8 million in overall revenue, a 71% increase, according to Bloomberg News.
A search for a replacement for Shapero has already begun at Betterment.
“Amy has been an exceptional team member and we can’t thank her enough for her work at Betterment,” said Joe Ziemer, vice president of communications for Betterment. “She built a strong finance team for us and helped lead us through a period of remarkable growth. We wish her nothing but the best.”
The largest independent robo advice provider now manages over $14 billion in assets, according to the firm. Though Betterment CEO Jon Stein has repeatedly said reaching an IPO is a goal, the robo advisor has not set a firm date for one.