Thomas Mc Grath
About Thomas Mc Grath
Tom McGrath: Chief Executive Officer
Tom McGrath is the Chief Executive Officer and co-founder of iink Payments. Under his leadership, the company has secured significant funding and forged strategic partnerships. As a CEO, his role encompasses overseeing company operations, driving strategic initiatives, and ensuring the company's vision is realized. His active engagement in fundraising and venture capital efforts reflects his commitment to the company's growth and innovation in the payments sector.
Co-Founder of iink Payments
Tom McGrath co-founded iink Payments, a company focused on simplifying payments within the restoration industry. His involvement from the inception has been crucial in establishing the company's objectives and market presence. The company has successfully raised $12.0MM in a Series A funding round, $2.8M in a Seed round, and closed a $6M debt facility with an accordion up to $100M. McGrath's efforts have significantly contributed to the company’s financial health and expansion capabilities.
Experience in Restoration Industry
Tom McGrath has a professional background in the restoration industry. This experience provided him with in-depth knowledge of property damage insurance claims processing, which has been instrumental in shaping iink Payments' services. Understanding the industry's challenges has enabled McGrath to develop innovative solutions tailored to meet the specific needs of restoration businesses and streamline their payment processes.
Fundraising and Financing Activities
Tom McGrath has played a significant role in securing financial resources for iink Payments. He was involved in raising $12.0MM in a Series A funding round and $2.8M in a Seed round. Additionally, McGrath was instrumental in closing a $6M debt facility, with an accordion provision up to $100M. These financial efforts have provided the necessary capital to drive the company's growth and development.
Collaboration with Avidia Bank
Tom McGrath works closely with Avidia Bank as an authorized third-party sender, leveraging their banking solutions to support iink Payments' operations. This collaboration ensures that the company's payment processing services are reliable and efficient, benefiting their clients in the restoration industry. McGrath's strategic alignment with trusted banking partners underpins the company's commitment to delivering robust financial solutions.