Monday, 16 November 2020 12:48

Sim Tuzun joins Loopit Group as finance director ahead of capital raising

Sim Tuzun, Finance Director, Loopit Sim Tuzun, Finance Director, Loopit

Australian car subscription company Loopit Group has appointed Sim Tuzun as finance director to lead the group’s financial operations across its software arm, Loopit, and its consumer subscription arm, HelloCars, ahead of its upcoming capital raising.

Tuzun - with over 20 years of experience in the finance industry, working both in Australia and overseas - will take up the newly created role of finance director based in the Loopit Group’s Sydney headquarters.

Loopit says Tuzun has developed professional finance experience across a wide range of companies, from fast-growing start-ups to multi-national ASX listed entities across information technologies, digital marketing and more recently Biotechnology industries - and has a strong background in capital raising and has been involved in several successful funding rounds over her career.

Loopit - a cloud-based end-to-end software solution that allows car dealerships, OEMs and emerging car subscription providers to offer car subscription-as-a-service to its customers - says Tuzun will lead the finance team with a focus on preparing the company for its upcoming funding raise. 

Michael Higgins, Co-Founder and Managing Director at Loopit said: “We are pleased to announce Sim Tuzun has joined the Loopit Group team, particularly as we embark on a new chapter of growth for the company. She brings a wealth of knowledge and experience from her many years in the finance world, both here and overseas. Sim’s strong track record and history of capital raising will play an integral role as we prepare for our first funding round.”

“It’s truly an exciting time to be part of Australia’s thriving technology industry, and I’m thrilled to be joining a company that has been a pioneer in subscription software for the automotive space,” said Sim Tuzun.

“Loopit’s upcoming capital raising provides a huge scope to expand its growing footprint in local and international markets. I look forward to working with the strong team we have in place to build on the company’s recent success.”

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