Obopay, a mobile banking and payment provider, has hired William Scharninghausen as executive vice president (EVP) and chief financial officer (CFO). Scharninghausen will be responsible for the company’s financial operations globally, including the US, India and Africa. He will report directly to Deepak Chandnani, president and chief executive officer (CEO).
Scharninghausen brings over 25 years of senior financial experience in the technology industry. He has a successful track record of achievement working for both public and private companies devising policies for strategic international financial issues. Prior to joining Obopay, Scharninghausen was the CFO for Global IP Solutions, a Swedish company headquartered in San Francisco. He managed the group’s financial and accounting operations in San Francisco, Boston, Stockholm, Hong Kong and Seoul. He was instrumental in raising US$18m in share offerings and in 2008 he led the company’s listing on the Oslo Stock Market. Google acquired the company in July of last year.
Prior to Global IP Solutions, Scharninghausen was CFO and corporate secretary for Teachscape, a privately held, venture-backed company providing technology-enabled professional development services. He has also held CFO positions with Vialta and Diva Systems.
He holds a Business Administration degree with honours in Finance from the California Polytechnic State University.
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