ConnexPay Names Former PayPal Executive George Hansen as Chief Revenue Officer
MINNEAPOLIS, US: ConnexPay, the first and only payments technology company that integrates payments acceptance and issuance inside a single platform, announced the appointment of George Hansen as its Chief Revenue Officer (CRO).
Hansen brings over 20 years of strategic expertise in the payments industry to ConnexPay, having previously served as Head of Global Sales and Account Management at PayPal. During his most recent tenure at PayPal, Hansen focused on various aspects of the FinTech ecosystem, including payments, cards, mobile wallets, payouts, FX/cross-border, risk, lending, and data services, driving revenue for the company through premier client partnerships across the business life cycle.
As CRO at ConnexPay, Hansen will lead the company’s next phase of growth, working closely with the existing revenue teams to support the firm’s revenue goals. ConnexPay experienced remarkable expansion since securing a $110 million growth equity investment led by FTV Capital in October 2022. Currently processing billions in volume, the company recently extended its global footprint by introducing enhanced capabilities to better serve the UK and EU markets, further supporting the company’s international growth. ConnexPay anticipates doubling revenue this year, following 500% net revenue growth in 2022.
Currently processing billions in volume, the company recently extended its global footprint by introducing enhanced capabilities to better serve the UK and EU markets, further supporting the company’s international growth. ConnexPay anticipates doubling revenue this year, following 500% net revenue growth in 2022.
Commenting on his appointment, George Hansen, Chief Revenue Officer at ConnexPay, said: “As the world economy shifts online, digital innovation is key to acquiring and retaining customers, and businesses of all sizes are demanding modernized payments to address their needs in the market. Through their proprietary end-to-end payments platform, ConnexPay is uniquely positioned to eliminate the burden of legacy technology and enable businesses to accept and make payments at scale, globally.”
He added: “Technology has not only created a paradigm shift in payments, but also in visibility and control. Firms are looking at payments holistically, with pay-ins and pay-outs more closely linked now than ever before. The impact of technology and data on payments has reached a tipping point, and I am thrilled to be coming on board with ConnexPay at this important time.”
Bob Kaufman, Founder and CEO at ConnexPay, said: “Throughout his career, George has demonstrated an unwavering focus on what is at the core of revenue growth: the customer. This customer-centric approach and his extensive industry experience make him a great fit for our organization, and we’re pleased to welcome him on our journey to transform business by simply connecting payments.”
He added: “George’s appointment comes during an exciting time of international expansion for ConnexPay. We’ve worked closely with our key partners to ensure that we are delivering exactly what the market needs, and George’s global perspective will prove invaluable as we continue to grow our reputation as the go-to payments partner of choice.”
Executive Search Partnership: ConnexPay
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ConnexPay is the first and only company to bring together the two sides of the payment process — payments acceptance and virtual payments issuing — into a single platform with one contract and one reconciliation. The flexibility of this technology allows clients to adopt the full end-to-end acquiring and issuing solution or leverage ConnexPay’s innovative intelligent routing issuing-only platform.
Although ConnexPay started its journey with a focus on the travel and tourism space, ConnexPay’s solutions are applicable across a broad spectrum of corporate payment use cases. The platform is well suited for corporate disbursements like insurance and warranty claims, loyalty and rewards payouts as well as corporate procurements like media/advertising buys and ticketing.
The company’s technology simplifies an antiquated workflow, eliminates the need for pre-funded accounts, reduces supplier risk and the cost of accepting card payments while safeguarding consumer spend.
