Axtec Appoints Fintech Founder Andy Taylor as Managing Director & CEO Alongside A$1 Million Placement

Manish Choudhary

04 November 2026 11:08 AM AEDT

Axtec Appoints Fintech Founder Andy Taylor as Managing Director & CEO Alongside A$1 Million Placement

Image Source: Krish Capital Pty Ltd

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Axtec Limited (ASX:AXI) has announced the proposed appointment of Andy Taylor as Managing Director and Chief Executive Officer, subject to completion of his cornerstone investment in a A$1 million placement and finalisation of his employment agreement terms, with the company also disclosing board changes including a new Non-Executive Chairman.

Key Points

Andy Taylor proposed as Managing Director and CEO, subject to completion of a A$1 million placement and finalisation of employment terms
Placement of A$1,000,000 priced at A$0.01 per share for working capital, with Taylor subscribing for 25,000,000 shares (A$250,000) as cornerstone investor
Taylor co-founded SocietyOne in 2007 and founded Douugh, which listed on the ASX in October 2020 and was later renamed Stakk Limited (ASX:SKK)
Managing Director Ben Laurance to transition to Non-Executive Chairman following the retirement of Chairman James Service AM after the upcoming Annual General Meeting

Andy Taylor's Appointment as Managing Director and CEO

Andy Taylor is proposed to be appointed Managing Director and Chief Executive Officer of Axtec Limited upon completion of his cornerstone investment in the placement and finalisation of his employment agreement. The company stated it will announce the effective date of his appointment and the material terms of his employment agreement once finalised. Taylor's mandate includes building on Axtec's PaySure payments and lending platform and embedded real estate technology, with agentic payments — where AI agents initiate and complete payments on behalf of consumers and businesses — described as a core strategic theme.

A$1 Million Placement Terms and Taylor's Cornerstone Participation

Axtec has raised A$1,000,000 through a placement priced at A$0.01 per share, intended for working capital purposes. As part of the placement, Taylor will be issued 25,000,000 shares at a value of A$250,000 as cornerstone investor. Shares are to be issued on completion of the placement, prior to his appointment as Managing Director and CEO. The company stated that Taylor intends to present his strategy in greater depth to investors and the market in the coming weeks following his appointment.

Board Changes and Taylor's Fintech Background

Concurrent with Taylor's proposed appointment, Managing Director Ben Laurance will transition into the role of Non-Executive Chairman following the retirement of current Chairman James Service AM after the company's upcoming Annual General Meeting. Taylor has more than 15 years of experience across lending, neobanking, payments and AI. He co-founded SocietyOne, described as Australia's first peer-to-peer lending platform, in 2007, and founded Douugh in 2016, which commenced ASX trading in October 2020. The company was renamed Stakk Limited (ASX:SKK) in January 2025. Taylor remained on the Stakk board until 31 October 2026. He was nominated for the EY Entrepreneur of the Year award in 2015.

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