CHESTERBROOK, PA — adapfin has appointed Michael Day as chief financial officer, placing a technology finance veteran in charge of fundraising and financial operations as the Chesterbrook-based company prepares to bring its AI-native banking platform, Nucleus BankOS, to market.
Day will oversee capital planning, investor relations, budgeting, forecasting, cash-flow management, financial reporting and internal controls, the company said.
The appointment gives adapfin a senior executive responsible for securing growth capital and managing financial resources as it develops its banking technology business.
Day brings more than 30 years of experience in corporate finance, capital formation, operations and transactions, including leadership positions at Dell Technologies, Atos and Ensono.
According to adapfin, Day has helped structure, negotiate and close transactions representing more than $10 billion in aggregate contract value.
He also helped two previous organizations strengthen their financial operations and prepare for exits at valuations ranging from approximately seven to 12 times annual recurring revenue.
His experience includes establishing financial reporting systems, developing forecasts, evaluating financing alternatives and preparing companies for investor and acquisition due diligence.
At adapfin, Day will work with founder and Chief Executive Officer Endré Jarraux Walls to establish the financial infrastructure supporting the company’s commercial expansion.
“Michael’s appointment is an important step in our organizational maturity,” Walls said. “He brings the enterprise finance experience and fundraising expertise to help us secure growth capital, manage it responsibly, and build a financial foundation that supports our customers, our team, and our investors.”
The company’s capital strategy is tied to the commercialization of Nucleus BankOS, a banking technology platform built around artificial intelligence.
Day’s responsibilities will include developing financing strategies and financial controls as adapfin seeks to expand its operations and support financial institution customers.
“My priorities are clear: lead fundraising, establish reliable financial management, and give the leadership team the information it needs to make confident decisions as the business grows,” Day said.
The appointment marks a shift toward more formalized financial management as adapfin moves from platform development toward broader commercialization.
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