IXOPAY has announced the appointment of Brady Harris as its new CEO. His appointment comes a short time after the merger of IXOPAY and TokenEx. With Marc Oleson, the CEO of TokenEx, stepping down from the role of CEO. The company thanked Oleson for his direction and contributions. It is not known where he will land next.
Harris will take over the leadership of the combined company with the remit to drive global growth. The combination of IXOPAY European operations and the TokenEx strength in the US delivers the potential that it is now Harris’s responsibility to enable. The appointment comes at a pivotal moment in the payments sector as the industry shifts towards a multi-processor payment model. The new normal enables merchants and fintech companies to improve services to customers at a lower cost.
Vik Verma, Chairman of the Board of Directors, commented, “Under Brady’s leadership, IXOPAY is poised to set new benchmarks in the payment sector. Our bold strategy emphasizes scalability, security, and groundbreaking advancements that will redefine what payments can achieve.”
Who is Brady Harris
Harris is an experienced leader with over 20 years of experience and executive leadership in FinTech, Payments, and SaaS. Most recently, he has acted as an advisor to private equity companies. Including Advent International, Long Ridge Equity Partners and True Wind. He was also an operational advisor to Ualett, joining the board in January 2024.
Harris was CEO at Dwolla for three and a half years before leaving in September 2023. He grew the open banking payment volume from $10 million to $70 million during his tenure, adding 1.5 million users a month during its peak growth.
Before Dwolla, he was President at Payscape, helping that firm with its merger with Payroc, to help create an organisation that managed $80B in annual payment volume for more than 150,000 businesses. He was instrumental in the helping to create a payments company with over 1,000 employees transacting. Revenues grew from $20 million to over $200 million.
He spent sixteen years at the Eliot Management Group by Deluxe. He joined as an account executive in May 2001 rising rapidly to the role of President. His experience in M&A, working with private equity firms and deep experience leading Payments firms make him the ideal hire for IXOPAY.
Harris commented, “Payments technology is rapidly advancing, and IXOPAY is set to lead this evolution. The integration of tokenization and orchestration allows us to offer a platform that not only supports multi-payment processing but also fosters the development of innovative services.”
Enterprise Times: What does this mean
Was Harris in semi-retirement, moving from exec to advisor and PE role, it seems so. However the potential and offer from IXOPAY seems to have been too good to miss. Harris will be attending Money 20/20 Europe in Amsterdam this week. Alongside the IXOPAY team, he will be talking about life after the merger and how the firm is advancing payment orchestration, tokenization, risk management, and card lifecycle management.
With coverage of both Europe and the US, it will be interesting to see whether Harris can lure a private equity firm and raise funds for expansion or will the company continue its growth, still privately funded.
