Fintech
Mews Welcomes Fintech Leader Michael Coscetta as Chairman
New York – Stablesindustry leader hospitality cloudis pleased to announce the appointment of Michael Coscetta as President. Coscetta brings extensive experience from successful hospitality and financial technology companies, including Paxos and Compass (NYSE: COMP), to Mews.
From our first conversations with Michael, it was clear that he enjoys a serious challenge and is the perfect fit for Mews in our next phase of growth, said Matt Welle, CEO of Mews. Michael’s experience in scaling businesses, including teams and revenue, will be invaluable as we continue to accelerate the adoption of cloud technology in hospitality and beyond.
Prior to joining Mews, Coscetta was Chief Revenue Officer at Paxos, a regulated blockchain infrastructure company that served global technology and payments companies such as PayPal, Bank of America, Nubank, Revolut, and others.
His previous roles also include CCO and Strategy Officer at Compass, a real estate technology company, where he helped prepare the company for its 2021 IPO and grow annual revenue to $2 billion. This followed his stint at Square (NYSE: SQ), a POS and fintech company, where as Head of Global Sales he helped grow their sales team across five countries in the SMB, mid-market, and enterprise segments, while also leading account management and onboarding of their enterprise customers and platform partners.
“I feel incredibly fortunate to join Mews at a time of significant growth in an industry that is ripe for disruption,” said Coscetta. “Mews has a tremendous opportunity to further transform hospitality and help hoteliers grow their businesses through modern cloud and fintech technology. With the ambition I have already seen firsthand, I am confident Mews will have a lasting and meaningful impact.
Mews is currently experiencing a serious acceleration in its growth, fueled by a funding round in March of $110 millionrecent acquisitions including HS3 Hotel Softwareand the rapid adoption of cloud technology in the hotel industry.
Mews now has 1,100 employees in over 20 countries, and Coscetta’s role continues the evolution of its management structure to ensure success and scale in an increasingly complex organization. Coscetta is based in Miami and joins the Mews leadership team.
About Mews
Stables is the leading platform for the new era of hospitality. With over 5,000 customers in over 85 countries, Mews Hospitality Cloud is designed to simplify operations for modern hoteliers, transform the guest experience, and create more profitable businesses. Customers include Generator-Freehand, The Strawberry Group, The Social Hub, and Airelles. Mews has been named a Best PMS (2024) and a Best Place to Work in Hotel Tech (2021, 2022, 2024) by Hotel Tech Report, as well as World’s Best Hotel PMS Provider (2023) and World’s Best Independent Hotel PMS Provider (2022, 2023) by World Travel Tech Awards. Mews has raised $335 million from investors including Goldman Sachs Alternatives, Kinnevik, and Revaia to transform hospitality.
Katie half head
Senior Communications Manager