Malvern-based financial technology company Cantaloupe Inc. has named a new CEO who will replace its current CEO, Sean Feeney, on Oct. 1, writes Lisa Dukart for the Philadelphia Business Journal.

Ravi Venkatesan, who has been chief operating officer since February, was chosen to take over the firm. Additionally, he will reside on the board of directors seat that Feeney holds.

“I am excited and humbled by the opportunity to lead this great company through the next phase of growth and transformation,” said Venkatesan.

Cantaloupe had a progressive 2020 and 2021, and documented $205.2 million in revenue for its fiscal 2022 year. This is a 23 percent increase from its 2021 earnings of $166.94 million, a record for the digital payments and software services company.

“The self-service economy is still at an early stage, and I am very excited about Cantaloupe’s capabilities and our leadership position to allow us to capitalize on secular long-term growth trends,” he said.

Read more about Ravi Venkatesan in the Philadelphia Business Journal.