You are here: Home » Press Releases » Economy
Business Standard

William Scharninghausen joins Obopay as Executive Vice President, CFO

Announcement  |  Corporate 

Obopay, a leading mobile banking and payment provider, today announced that William Scharninghausen has joined the company as Executive Vice President and Chief Financial Officer. Scharninghausen will be responsible for the company’s financial operations globally, including the U.S., India and Africa. He will be located in Redwood City and will report directly to Deepak Chandnani, President and CEO, Obopay, Inc. 

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 Chief Financial Officer 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 $18 million in share offerings and in 2008 he led the company’s listing on the Oslo Stock Market. The company was acquired by Google in July of last year. 

“Bill has an ideal combination of skills and experience for Obopay,” said Chandnani. “He has a track record of success in both complex international financial transactions and the issues inherent in an innovative and rapidly changing company. The mobile payments industry is both dynamic and challenging.” He added, “Bill’s professional background and immense experience in global finance makes him naturally suited to help with our robust growth plans.” 

“I am excited to be a part of a dynamic and growing company that is redefining the way people will handle money in the future,” commented Scharninghausen, “I look forward to the significant opportunities in front of me and the chance to use my expertise to assist with the company’s strategic direction and financial growth.” 

Prior to Global IP Solutions, Scharninghausen was Chief Financial Officer 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, Inc. and Diva Systems Corporation. 

He holds a Business Administration degree with honors in Finance from the California Polytechnic State University.

First Published: Thu, May 26 2011. 15:21 IST