xtraCHEF Adds Former Venmo COO Michael Vaughan to Advisory Team

Vaughan will help guide xtraCHEF’s strategy as they continue to drive innovation in the restaurant supply chain

xtraCHEF, the leading accounts payable (AP) automation and business intelligence platform for restaurants, today announced that they have added Michael Vaughan as an advisor as they continue to expand their software offerings.

As COO at Venmo, Vaughan helped lead the business over eight years to more than 40 million active users, a $300 million annual revenue run rate, and $100 billion in payments in 2019. Currently, as Executive in Residence (EIR) at Oak HC/FT, he develops, advises, and invests in new fintech businesses. He also serves as an independent board member and active advisor to various other enterprise and consumer tech companies.

Vaughan says, “Restaurants and their suppliers simply need a better way to pay and get paid, and xtraCHEF is in a great position to solve this problem as they continue expanding the software and services they provide to the industry.”

Read our press release for more information about this exciting new hire.