Stax Payments appoints Paulette Rowe as new CEO
US fintech Stax Payments has appointed seasoned payments executive Paulette Rowe as its new CEO.
Paulette Rowe is Stax Payments’ new CEO
Rowe takes over the role from John Kristel, who was named interim CEO back in January. Kristel will support the transition while resuming his role as operating partner with Greater Sum Ventures, a control investor in Stax Payments.
A “prominent figure” in the financial sector, Rowe was previously CEO of Paysafe’s integrated and e-commerce solutions division. In February, she joined London-based paytech platform Global Processing Services (GPS) as an independent non-executive director. She has also held senior roles at Barclays, Meta, Royal Bank of Scotland/NatWest and GE Capital.
With more than 20 years’ of experience across banking, payments and fintech, Rowe has now been tasked with leading growth and operations for Stax’s software and payments portfolio.
Commenting on the new appointment, Ross Croley, founder and CEO of GSV and chairman of the board of Stax, says: “An accomplished executive with a breadth of experience, Paulette understands the complexities of the industry and inspires teams to greater success.”
Founded in 2014 and based in Florida, Stax Payments offers an all-in-one payments API to businesses of all sizes, including Software-as-a-Service (SaaS) platforms, allowing them to manage their payment ecosystem, analyse data and simplify customer experience. It claims to have processed more than $30 billion in transactions.
In March last year, Stax raised $245 million in a Series D funding round at a valuation of up to $1 billion.
