Global Processing Services (GPS), a payment technology platform, has announced the hire of Simon Stanford as CRO. Based in London, Stanford sits on GPS’ global executive committee and leads the company’s global commercial, partnerships and customer relationship management, and marketing teams with a focus on developing GPS’ global partnerships ecosystem, marketing and brand strategy, and driving revenue growth worldwide.
What does Simon bring to GPS?
Simon joins GPS from global online payments platform Worldpay where he was Senior Vice President Group Executive for the EMEA region and led a commercial team of over 450 people. He has over 20 years of experience, predominantly gained at global technology and telecommunications businesses including Samsung Electronics and O2 (Telefónica UK).
Joanne Dewar, Chief Executive Officer, GPS, said: “We welcome him to our senior leadership team. Simon joins GPS at the most exciting chapter as we embark on global expansion. Simon brings to GPS a stellar track record of building and leading high-performing commercial teams and will be a pivotal player in our accelerated growth strategy for 2022 and beyond.”
Simon Stanford, Chief Revenue Officer, GPS, added: “In meeting Joanne and GPS’ new board I was impressed by the scale of their ambition to transform the payments industry and their drive to help fintechs and entrepreneurs all over the world accelerate the digital revolution.”
“GPS has built an impressive customer base, providing the issuer processing firepower for some of the most disruptive and fast-growing fintechs in the world. I am delighted to join the team and look forward to being part of GPS’ international growth journey,” Stanford added.
What steps has GPS taken to expand?
In January 2022, GPS announced a capital injection of over $400m, providing GPS with a bench of experienced global growth investors including Advent International – through Advent Tech and affiliate Sunley House Capital – Viking Global Investors; Temasek the investment company headquartered in Singapore; and MissionOG, a US-based growth equity firm.
In March 2022, GPS announced Mastercard had also made a strategic investment into the company. GPS is investing strongly in its award-winning API-first payment tech platform, upgrading its infrastructure and diversifying its capabilities, with an eye on new and fast-growing verticals where adoption continues to rise, including digital banks, crypto, BNPL, open banking and cross border payments, and is expanding its international footprint worldwide.