Former Starling exec Ben Chisell has been named as the new group CEO of payments platform Paysend, effective immediately. He succeeds company co-founder Ronald Millar, who is transitioning to a director position this month.
Chisell has worked at Paysend since August 2021, when he first joined the company as chief product officer, before later taking on the role of president in January this year.
Prior to this, he worked as a product director during the early days of Starling Bank, before going on to serve as VP of product at UK challenger OakNorth.
The leadership transition this week comes as Paysend “enters a new phase of global expansion”, the company says, adding the move “ensures operational continuity”.
Paysend’s operations currently span cross-border payment solutions for individuals and businesses, multicurrency accounts, and international money transfers to over 170 countries.
The remit of the new CEO will include “real-time money movement, enterprise liquidity solutions, and the ongoing expansion of the Open Payment Network (OPN)”, the company continues.
OPN is a solution Paysend has been developing in collaboration with Mastercard for the last two years, and is designed to enable near real-time cross-border payments for businesses through a single global network that connects local payment systems worldwide.
Through the partnership, Mastercard made an undisclosed investment in the company, joining current financial backers TelevisaUnivision, Infravia Growth Capital, One Peak, and Hermes GPE Innovation Fund during a $65 million investment round in 2023.
Source: https://www.fintechfutures.com/
