Nomentia's CEO Shift: A Strategic Play for Global Treasury Leadership

HELSINKI, FINLAND – December 10, 2025 – In a move signaling a clear ambition to accelerate its international growth, Nomentia, a dominant force in European treasury and cash management solutions, has announced a significant leadership transition. Effective January 1, 2026, Alexander von Schirmeister, a seasoned executive with a strong track record of scaling technology businesses, will take the helm as CEO. He succeeds Jukka Sallinen, who steps down after a transformative five-year tenure as chief executive.

This transition is far more than a routine change in the C-suite. It represents a strategic pivot point for a company that has already established itself as a Nordic powerhouse processing over €1.2 trillion in payments annually for more than 1,400 clients. With a new leader known for driving international expansion, Nomentia is positioning itself to capitalize on the increasing demand for sophisticated financial technology that provides stability and foresight in a volatile global economy.

Building a European Powerhouse: The Sallinen Legacy

To understand where Nomentia is going, it's crucial to appreciate the foundation upon which it is built. Jukka Sallinen’s impact on the company, culminating in his five years as CEO after nearly two decades with the business, cannot be overstated. He inherited a company at an inflection point and steered it through a period of profound transformation.

Nomentia itself was formed in 2020 through the merger of two Nordic specialists, Analyste and OpusCapita's Cash Management business. Under Sallinen's guidance, the newly unified entity didn't just integrate; it aggressively expanded. The strategic acquisition of Treasury Intelligence Solutions provider TIPCO in 2021 was a pivotal moment, significantly broadening Nomentia’s product portfolio and cementing its capabilities in areas like treasury workflows and in-house banking. This inorganic growth was matched by organic expansion, transforming what he described as a "local specialist" into a "European innovator in the TMS space."

In the press release, Sallinen noted that during his time as CEO, the company quadrupled its team, revenue, and profitability. While full financials are private, available data paints a picture of this rapid ascent. Reported revenues grew from over €20 million in 2020 to more than €32 million by the end of 2023, a trajectory supported by majority stakeholder Inflexion, which acquired the company in 2023 with a clear mandate for M&A and international growth.

Rick Medlock, Chairman of the Board, lauded Sallinen as a "transformative leader," and his decision to remain involved in a non-executive capacity ensures a smooth transition, providing continuity and institutional knowledge as the company enters its next chapter. "It has been an incredible journey," Sallinen stated, expressing confidence that "the company is well-positioned for its next phase."

A New Architect for International Expansion

That next phase will be architected by Alexander von Schirmeister, whose resume seems tailor-made for Nomentia's ambitions. His most recent role as Managing Director at Xero saw him leading growth across the UK and emerging markets, including EMEA and Asia. His deep experience in scaling SaaS platforms internationally is precisely what the Nomentia board was seeking.

"Alexander is a seasoned and decisive leader with a unique set of experiences and a proven track record of scaling businesses," Medlock commented. "He is the right leader to guide Nomentia's next phase of customer focus and financial growth."

Von Schirmeister’s background extends beyond accounting software. With over 25 years in senior leadership, his career includes leading European operations for the small business payments firm SumUp and holding senior roles at e-commerce giant eBay. This diverse experience across payments, e-commerce, and financial software for businesses of all sizes gives him a holistic view of the financial technology ecosystem. His work at Xero, in particular, involved addressing the critical pain points of SMEs, including the damaging impact of late payments—a core issue that advanced treasury solutions aim to mitigate.

Upon his appointment, von Schirmeister acknowledged the strong foundation he inherits. "I sincerely thank Jukka for the incredible company he has built," he said. "I look forward to working alongside our talented team and our valued customers to further our purpose of freeing every business from financial surprises, while exploring new opportunities to expand the impact we make together."

The Strategic Blueprint: AI, Real-Time Data, and M&A

The mission to eliminate "financial surprises" is at the heart of Nomentia's strategic blueprint. The 'next phase of growth' is not just about geographical expansion but also about deepening the technological moat that separates leaders from the rest of the pack in the treasury management space. The company's recent product developments offer a clear roadmap.

Central to this strategy is the push towards predictive analytics and real-time data. In April 2025, Nomentia announced the integration of AI-powered cash flow forecasting, a move that shifts treasury from reactive reporting to proactive decision-making. This is coupled with a relentless focus on bank connectivity, leveraging PSD2 APIs to offer seamless integration with over 2,700 banks across Europe. For corporate treasurers, this means a live, consolidated view of cash positions—a capability that has become a non-negotiable requirement for navigating supply chain disruptions and market volatility.

The company is also doubling down on core treasury functions, with major upgrades to its FX risk management modules and enhanced solutions for complex payment structures like Payments On Behalf Of (POBO). This commitment to a comprehensive, end-to-end platform is critical as corporations seek to consolidate their tech stack and reduce complexity. Supported by Inflexion, a private equity firm known for its buy-and-build strategy, further strategic acquisitions are almost certainly on the horizon to augment these capabilities and accelerate market entry into new regions.

Redefining Treasury's Role in a Volatile World

Nomentia's leadership transition and strategic direction reflect a fundamental shift in the role of corporate treasury itself. For decades a back-office function focused on execution, treasury is rapidly evolving into a strategic partner to the C-suite. In an era of geopolitical instability, fluctuating interest rates, and fragile supply chains, the ability to accurately forecast liquidity, manage working capital, and mitigate financial risk is a primary source of competitive advantage.

This is where the innovation driven by companies like Nomentia becomes a critical enabler for the entire business, including operations and supply chain management. Real-time cash visibility allows a company to negotiate better terms with suppliers or manage inventory more effectively. AI-driven forecasting helps predict currency exposure from international sales or identify potential working capital shortfalls before they become critical. By automating manual processes and providing powerful analytical tools, Nomentia is empowering finance professionals to spend less time compiling data and more time deriving strategic insights from it.

The appointment of a leader like von Schirmeister, with experience in making powerful technology accessible and scalable, suggests Nomentia understands this new paradigm. The challenge is no longer just to build powerful tools, but to ensure they are adopted and leveraged effectively across the organization. This leadership change is a clear signal that Nomentia is not just participating in the evolution of treasury management but is making a strategic bet to lead it, building on its European dominance to make a significant impact on the global stage.