Adam Bloomston, CFO of Payscape Advisors, will speak at the Buckhead BusinessAssociation’s Weekly Breakfast meeting at 7:30 a.m. on Thursday (June 14) at the City Club of Buckhead in theAtlanta Financial Center, 3343 Peachtree Road.
“Adam Bloomston comes to us with the trueentrepreneurial spirit, having launched multiple successful businessesthroughout his career,” notes Catherine Cattles, 2012 President of the BBA. “InAdam’s current capacity as CFO of Payscape Advisors, we look forward to hearingfrom him about his perspective on how to maintain profitability and orchestratefiscal strategies that allow for long term growth as an entrepreneur.”
Payscape Advisors CFO Adam Bloomston |
Bloomston parlayed that opportunity into a“corporate” job with Duckhead Apparel, and became the youngest Regional SalesManager in the country for the nationwide brand.
After a short stint in the corporate world,Bloomston started his own business in the transportation industry, called TheBoundless Bus. Boundless became a household name with over 20 vehiclesgenerating over $1 million per year in revenue.
During the same time Bloomston acquired andbuilt The Peachtree Social Club, an interactive social group, which hostedmultiple large-scale events each year. He grew Peachtree Social Club to over14,000 members with corporate sponsors such as Budweiser and Mercedes. In late2005 Bloomston sold both companies to form Payscape Advisors with two businesspartners.
Payscape had humble beginnings, with the firstoffice operating out of a co-founder’s basement and an initial investment of$500 per partner. The three partners focused on helping business owners betterunderstand their merchant card processing strategies, while providing betterservice, competitive pricing, and a wider scope of products. Over time theylearned how to scale their model, hire the right people, build new offices andincrease their product suite.
During his tenure as co-president and CFOBloomston has led all financial decisions regarding strategy and operations. Today, Payscape has over 150 employees with10 offices across the south that will process over $1.3 billion in volume andgenerate over $40 million in revenue.
Bloomston has been instrumental inestablishing Payscape Advisors as an Inc 500 fastest growing company for fourconsecutive years, Atlanta Business Chronicle’s Fastest Growing Company 4 yearsin a row, a Bulldog 100 for the third consecutive year, a Best Place to Work bythe Atlanta Business Chronicle and Top Workplace by the Atlanta JournalConstitution. In 2011, Bloomston was named the CFO of the year by the AtlantaBusiness Chronicle.
You can also find Bloomston with a shovel inhis hand, helping the Upper Chattahoochee Riverkeeper clean and rebuild theirwaterways, or teaching an elementary class about business, through JuniorAchievement.
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