Press release

BFS Capital Hires First Chief Revenue Officer to Expand Partner Ecosystem

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BFS Capital, the small business financing platform, today announced the appointment of Peter Ng as Chief Revenue Officer. Ng brings more than two decades of experience leading high-performance sales organizations, from startups to scale ups, and in launching new products and creating new revenue streams. Reporting to CEO Mark Ruddock, he will be responsible for leading all revenue-related functions, driving top-line growth, unlocking new channels and creating a vibrant partner ecosystem.

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Peter Ng, Chief Revenue Officer, BFS Capital

Peter Ng, Chief Revenue Officer, BFS Capital

“I’ve had the privilege of working with Peter over the past few years and have always been impressed with his unique ability to drive business growth through new, innovative and diverse channels. BFS continues to develop our executive talent pool as we pursue our mission of reimagining small business financial services, and we are particularly thrilled to have him join our leadership team,” said Mark Ruddock, CEO of BFS Capital.

Before BFS Capital, Ng was head of BlackBerry’s global Independent Software Vendor (ISV) partnerships as Senior Director, Global Alliances and Business Development. BlackBerry’s global ISV partner ecosystem was integral to transforming BlackBerry’s enterprise software business, and Ng created new enterprise software revenue streams by launching BlackBerry’s ISV Affiliate program and expanding BlackBerry’s ISV ecosystem to over 120 partners globally in less than three years. Ng was also instrumental in creating the BlackBerry World mobile app store ecosystem from the ground up through strategic partnerships with leading brands in key categories to power the launch of the Blackberry 10 platform. He joined Blackberry after it acquired award-winning software developer Viigo, which was one of the most popular BlackBerry apps of all time. At Viigo, he was Vice President of Sales and Services.

“I’m excited to accept the role as Chief Revenue Officer. This will be the third opportunity I’ve had to work with Mark Ruddock, who is truly a transformational leader,” Ng said. “Having built an app ecosystem from scratch, I see a similar opportunity to create one for the small business owner. I’m looking forward to bringing my extensive global partnership experience and passion for startups to BFS Capital to help grow and diversify sales channels. The BFS Capital platform, combined with a robust partner ecosystem, will unlock exciting new financial products and services for underserved small businesses and drive an unparalleled customer experience.”

Ng, who will be based in Toronto, received a Bachelor of Applied Science degree in Computer Engineering from the University of Waterloo in Ontario, Canada.

His hire follows the appointments of Patricia Korth-McDonnell as Chief Marketing Officer and Sheri Chin as Chief People Officer. Altogether BFS Capital has announced five senior leadership appointments over the last 12 months and since Mark Ruddock was hired as CEO to accelerate the company’s digital transformation.

In May 2019, Fred Kauber was named Chief Technology Officer and Chief Product Officer. In November 2019, BFS Capital announced Brian Simmons as Chief Operating Officer. Simmons’ appointment came shortly after BFS Capital launched a new data science and engineering hub in Toronto, with plans to hire up to 50 people. The company has already hired ten employees including developers, UX designers, data scientists, software developers and engineers, and business operations professionals and welcomes inquiries. To learn more and view current job openings, please visit

About BFS Capital

BFS Capital champions the long-term growth and prosperity of small businesses by providing timely, flexible financing solutions. BFS Capital’s leading small business financing platform leverages customized underwriting and proprietary algorithms to fund businesses in the United States, Canada, and through its United Kingdom subsidiary, Boost Capital. Since 2002, BFS Capital has provided over $2.3 billion in total financing to over 24,000 small businesses across more than 400 industries. Headquartered in South Florida with offices in New York, California, the United Kingdom and Canada, BFS Capital is an accredited BBB company with an A+ rating.