RYVYL Inc. announced that it has appointed Mary Lay Hoitt, CPA, as Interim Chief Financial Officer of the Company, replacing J. Drew Byelick who has resigned. Mary Lay Hoitt is an accomplished financial executive with over 25 years in CFO and VP of Finance roles serving both public and private firms, from early-stage start-ups to global companies with annual revenues of over $300 million. Her industry experience includes high-tech and medical device manufacturing, computer software, supply chain management, and commercial and residential property management.

Mary has restructured and turned around numerous distressed entities, including 3 mergers and 1 management buy-out within the U.S., and 8 acquisitions and 3 divestures for European and South American corporations. She successfully helped raise more than $50 million in PIPE financing for several public companies and over $20 million of equitycapital for various private firms. She is a partner in the San Diego office of SeatonHill Partners, LP the nation's fastest-growing CFO services firm, offering elite fractional and interim CFO talent, as well as project based financial leadership.