Stax Payments Appoints Paulette Rowe as CEO

Leading provider of payment technology, Stax Payments, has named Paulette Rowe as its new CEO. John Kristel, who has been acting as CEO in an interim capacity since January, steps down. To facilitate a seamless leadership change, Kristel will stay on as an operational partner alongside Stax's controlling investor, Greater Sum Ventures (GSV).

Previously the CEO of Paysafe's Integrated and E-commerce Solutions business, Rowe has a plethora of expertise in the banking, payments, and fintech sectors. She has been named one of the "Most Influential Women in Payments" during her career and has held top leadership roles with GE Capital, Barclays, Meta, Royal Bank of Scotland/NatWest, and other well-known companies.

Rowe's primary responsibility in her new position will be to direct Stax's software and payments portfolio's expansion and operational plans. The goal of this portfolio is to improve and streamline integrated payments so that SaaS platforms and merchants may better serve their clients by removing transactional friction.

The founder and CEO of GSV, Ross Croley, who also serves as chairman of the board of Stax, voiced his enthusiasm at Rowe's appointment, praising her leadership abilities and comprehension of the nuances of the sector. He knows that with her in charge, Stax will prosper.

Since its founding in 2014, Stax has grown significantly, handling more than $30 billion in payments and providing services to over 30,000 firms domestically and abroad. The business is renowned for having been the first to provide subscription-based pricing and for merging card-present and not-present technologies to provide omni-channel experiences. For direct merchants, independent software providers (ISVs), and merchants of ISVs, Stax offers ready-to-use and API-based solutions.