ConnexPay Appoints Michael Thompson as Chief Revenue Officer
ConnexPay, recognized as the first comprehensive B2B payments platform, has announced the appointment of Michael Thompson to the role of Chief Revenue Officer (CRO). In this vital position, Thompson will focus on implementing strategies aimed at driving revenue growth and enhancing the company's market presence.
Michael Thompson's Background
Thompson arrives at ConnexPay with an impressive background, bringing over 30 years of diverse business experience. He has held significant roles in the payments and technology sectors, including his tenure as the CEO of CoreCommerce, a platform that supports online retailers. Prior to this, he has also contributed to the success of Fleet One, Oasis Technology, Harmonic Systems, and First Data through various leadership and business development positions.
Focus on Growth at ConnexPay
As the newly appointed CRO, Thompson is set to lead ConnexPay's expansion efforts not only within the United States but also globally. His wealth of experience will be instrumental in steering the company through its next growth phase.
Insights from Leadership
Ben Peters, the CEO of ConnexPay, expressed his enthusiasm about Thompson's appointment, stating, "Michael has a proven track record of success in leading revenue teams and achieving ambitious sales goals. I’m excited to leverage his expertise as we expand ConnexPay’s market reach into new verticals and geographies.”
Transformation of Payments
ConnexPay stands out because of its all-encompassing platform that allows businesses to enhance their cash flow significantly. The platform seamlessly links PayIns and PayOuts, granting companies immediate access to customer funds, therefore eliminating the long waiting periods associated with conventional payment methods. This capability offers notable advantages in revenue recognition and can positively influence clients’ overall profitability.
About ConnexPay
Founded in 2017, ConnexPay is pioneering the integration of both PayIns and PayOuts into a single global platform, significantly easing the complexities of B2B payments. The service requires only one contract and offers unified reconciliation, streamlining the payment processes for clients. ConnexPay’s technology is versatile and applicable in various sectors, including global travel, ticketing, insurance, warranty claims, loyalty and rewards programs, and media and advertising.
ConnexPay caters to clients on all six continents and provides payment services across more than 175 countries. The company's achievements include recognition for its rapid growth; in 2023, it was awarded the prestigious Travel Innovator of the Year at Phocuswright and made it onto the Inc. 500 list of fastest-growing companies in America for the second consecutive year in 2024. To explore more about their innovative solutions, interested parties can visit www.connexpay.com, or connect with them on LinkedIn.
Frequently Asked Questions
What is ConnexPay?
ConnexPay is a B2B payments platform that combines PayIns and PayOuts in a single solution designed to improve cash flow management for businesses.
Who is Michael Thompson?
Michael Thompson is the new Chief Revenue Officer of ConnexPay, bringing over 30 years of experience in the payments and technology sectors.
What are Thompson's responsibilities as CRO?
As CRO, Thompson will be tasked with developing growth strategies to increase revenue and enhance ConnexPay's market presence.
When was ConnexPay founded?
ConnexPay was founded in 2017 and has since been at the forefront of payments innovation.
What industries does ConnexPay serve?
ConnexPay services various industries, including travel, ticketing, insurance, loyalty programs, and media and advertising, making it suitable for multiple corporate payment needs.
