PayStand, a blockchain-based, B2B payments firm, announced on Thursday it has appointed four globally recognized fintech veterans from Fiserv, PayPal, and Visa to its Fintech Advisory Council. According to PayStand, the council comes on the heels of a record-breaking year for the company, with revenue growing more than 2.5x year-over-year, an eight times increase since raising its Series A funding round.
PayStand reported that the advisory council will partner closely to scale its pace of product innovation and capitalize on the massive demand for its solutions.
“As the company accelerates its efforts to reboot the broken commercial finance system, the new Advisory Council will help build key partnerships, advise on market opportunities, and provide strategic direction for the company’s long-term growth.”
Members of Paystand’s Fintech Advisory Council include:
- Pete Kight: Founder of CheckFree in 1981 (sold to Fiserv for $4.4B) with a vision of providing electronic funds transfer services to businesses and consumers.
- Scott Thompson: Former PayPal President and Yahoo CEO, is a renowned technologist best known for growing PayPal’s user base from 50 million to 104 million active users in 190 countries.
- Mark Orttung: Former President of Bill.com and CEO of Nexient, is ranked as one of the Top 50 Tech Services CEOs of 2019. His previous startups Genesys and GetThere went public and were later acquired for a combined $2.25 billion.
- Sameer Govil: Former SVP of Global Commerce Products at VISA and Board Member for the Electronic Transactions Association, brings over 30 years of fintech experience.