GrowthCap’s Top 25 CEOs in Financial Technology

11.12.14
Rankings

GrowthCap has compiled a list of the Top 25 CEOs in Financial Technology. These executives have mastered the art of building and scaling complex, secure FinTech solutions. Rankings were based on revenue growth, dominance in their field, capital raised, and overall career performance. See the full list and insights from the industry’s top CEOs below:

“I’m proud to say we’ve built a culture at Intacct where everyone strives to do their best, and do it in an innovative way, creating more value for our customers than has been done before in this industry. I am very privileged to be working with such a great group of individuals that pulls together to obtain the loftiest performance standards, with enthusiasm and a desire to excel for our customers benefit. Leading this type of culture has been extremely rewarding as CEO.” – Robert Reid, CEO of Intacct

“I am proud to lead a company whose mission is to help people support their families and friends in other countries. iSend’s success is due to the dedication of our employees, investors and partners who together are focused on delivering innovative and useful international electronic payment solutions for the underbanked community.” – Steve LaBella, Founder, CEO of iSend

“Until recently, the massive $3 trillion consumer lending market remained largely untransformed by technological innovation. Lending Club’s innovation was designed to offer a simple, low cost, convenient and beneficial alternative to both borrowers and investors. We’re transforming the banking system into a frictionless, transparent and highly efficient online marketplace, helping people achieve their financial goals everyday.” – Renaud Laplanche, Founder, CEO of Lending Club

“Prepay Nation enables the immigrant workers to transfer small values (sub $20) across international boundaries to their friends and family back home on a real time basis by utilizing mobile phone infrastructures. This solves a key need of immigrant workers which is to be able to send small values to their families, on free of cost basis and also exercise some control on how the money is spent by the recipient. These are some of the key pain points which have been largely unaddressed by the conventional money remittance market.” – Anurag Jain, CEO of Prepay Nation

“It is a privilege to lead a team of great people, partners, clients and investors as we execute on our vision to be the leading provider of cloud based billing and payment services. My goal is to constantly challenge myself and the team to not accept the status quo and make sure we continue to solve real problems in the market.” – Flint Lane, Founder, CEO of Billtrust

GrowthCap’s Top 25 CEOs in Financial Technology

1ROBERT REID

Company:  Intacct

Title:  CEO

With more than 30 years’ experience in the software industry, Rob Reid has a proven track record of growing enterprise cloud companies, with select experience including his positions as president and CEO of LucidEra, a market leader for on-demand business intelligence, as group vice president of Siebel CRM On Demand for Oracle Corporation, and as President and CEO of on-demand CRM innovator UpShot where Rob grew the company tenfold before it was acquired by Siebel. Rob is currently growing Intacct at 40% year over year, has raised in excess of $140 million from investors and is well on his way to taking the company public. Rob attributes his success to his team at Intacct, saying, “I’m proud to say we’ve built a culture at Intacct where everyone strives to do their best, and do it in an innovative way, creating more value for our customers than has been done before in this industry. I am very privileged to be working with such a great group of individuals that pulls together to obtain the loftiest performance standards, with enthusiasm and a desire to excel for our customers benefit. Leading this type of culture has been extremely rewarding as CEO.”

2FREDERIC LALUYAUX

Company:  Anaplan

Title:  CEO

Frederic currently leads Anaplan, a provider of business modeling and enterprise planning technology core to many corporations’ financial modeling and execution. Frederic is an enterprise software veteran with over 20 years in the industry. Prior to taking on the CEO position at Anaplan in 2012, Fred was the SVP and GM for SAP Applications for their Enterprise Performance Management (EPM), Governance, Risk & Compliance (GRC) and finance businesses. Since joining Anaplan, he has helped the company grow to over 20,000 business users, solidified the company’s position on a global scale and secured the lion’s share of Anaplan’s financing by raising $133 million of series C and series D capital.

3DAVE KELLOGG

Company:  Host Analytics

Title:  CEO

A veteran of enterprise technologies, Dave has more than two decades of experience scaling growth-stage companies at exponential levels. Previous to his current position as CEO of Host Analytics, Dave served as SVP of Service Cloud at Salesforce and spent six years as CEO at MarkLogic, growing the company from zero in revenues to an $80 million run-rate. He also led Marketing at Business Objects for nearly a decade as the company grew from 250 to over 4,500 people and from $30M to over $1B in annual revenues.

4STEVE LABELLA

Company:  iSend

Title:  Founder, CEO

Mr. LaBella is the Founder of iSend, a disruptive electronic payment service provider for people who support family members in other countries that allows for complete control over funds transferred for uses such as refilling family members’ prepaid cell phones, paying recurring monthly bills and sending gift cards. Since founding iSend in 2007, Steve has grown the company into one of the largest and fastest growing electronic payment service providers with revenues of almost $160 million. Steve told GrowthCap, “I am proud to lead a company whose mission is to help people support their families and friends in other countries. iSend’s success is due to the dedication of our employees, investors and partners who together are focused on delivering innovative and useful international electronic payment solutions for the underbanked community.” Steve started his first bill payment company, QuickPay, in 1996 at the age of 26 and sold it to American Payment Systems in 2000.

5ALEXA VON TOBEL

Company:  LearnVest

Title:  Founder, CEO

Alexa is the Founder and CEO of LearnVest.com, a financial-planning platform that is catered to each individual user. Alexa has been widely regarded as an expert in anything related to personal finance, and is also the New York Times-Bestselling Author of Financially Fearless. While under her lead, LearnVest has raised over $72 million in financing from Accel Partners, American Express Ventures, and others, and has been growing its user base at rates above 250% per year.

6ADAM NASH

Company:  Wealthfront

Title:  President, CEO

Adam is a product-focused CEO who has made a career out of the development of products that go beyond utility and emphasize user experience. Currently CEO of Wealthfront, one of the largest and fastest growing online automated investment services for retail investors, Adam’s previous positions include Executive-in-Residence at Greylock Partners, VP of Product Management at LinkedIn, and a number of leadership roles at eBay, Atlas Venture Preview Systems and Apple. Wealthfront has raised more than $129 million and has over $1 billion in assets under management on the platform in just two years’ time.

7RENAUD LAPLANCHE

Company:  Lending Club

Title:  Founder, CEO

Renaud is no stranger to lists, having won the Economist Innovation Award for consumer products in 2014, 2013 Ernst & Young Entrepreneur Of The Year, BFM Awards Entrepreneur of the Year and HEC Entrepreneur of the Year in 2002. Renaud has founded and successfully grown multiple companies. Prior to Lending Club, Renaud was the Founder & CEO of TripleHop Technologies, an enterprise software company acquired by Oracle Corporation in 2005. While under Renaud’s leadership, Lending Club, which is an online loan marketplace, has gone from nothing to almost $100 million in revenue and over $5 billion in facilitated loans in 2014. Renaud explained their mission to GrowthCap, “Until recently, the massive $3 trillion consumer lending market remained largely untransformed by technological innovation. Lending Club’s innovation was designed to offer a simple, low cost, convenient and beneficial alternative to both borrowers and investors. We’re transforming the banking system into a frictionless, transparent and highly efficient online marketplace, helping people achieve their financial goals everyday.”

8ANURAG JAIN

Company:  Prepay Nation

Title:  CEO

With a career spanning 17 years, Anurag Jain has extensive enterprise software and telecom industry experience in both India and the U.S., both at young stage companies and large corporations. Most recently, he is the Co-Founder and CEO of Prepay Nation. Anurag discussed his strategy with GrowthCap, saying, “Prepay Nation enables the immigrant workers to transfer small values (sub $20) across international boundaries to their friends and family back home on a real time basis by utilizing mobile phone infrastructures. This solves a key need of immigrant workers which is to be able to send small values to their families, on free of cost basis and also exercise some control on how the money is spent by the recipient. These are some of the key pain points which have been largely unaddressed by the conventional money remittance market.” Prepay Nation has gone from $3 million to $110 million of revenue in the past three years.

9JEFFREY SHANAHAN

Company:  CardConnect

Title:  CEO

Jeffrey Shanahan was recently appointed CEO of payments and security company CardConnect after 6 years as the company’s President responsible for contract management and negotiation with processing partners, operations oversight, investor relations and sales development. Jeff has spent his career learning the intricacies of enterprise technologies and integrations, with prior experience as a management consultant for Booz Allen Hamilton and Capgemini. Under his leadership, CardConnect has grown to service more than 50,000 customers including a variety of Fortune 500 corporations and SMBs. CardConnect has experienced remarkable growth, with revenue of $349 million in 2013.

10DAN GERATY

Company:  Clearent

Title:  CEO

Dan Geraty has over 15 years of executive experience in enterprise startups and established companies. Previous positions include President and COO of systems company Dynamicsoft that was purchased by Cisco Systems in 2004, and a senior auditing position at PricewaterhouseCoopers. Dan has been CEO of payment processor Clearent since 2005 and has grown the company to over $80 million in sales and over $3.5 billion in annual transaction volume.

11MARTIN WONG

Company:  Think Finance

Title:  CEO

With more than 25 years of legal experience, Martin Wong exemplifies the importance of compliance in certain financial technology businesses. Think Finance develops next-generation financial products for under-served consumers using a technology and analytics platform to bridge the gap between payday loans and credit cards. The platform, founded in 2001, now generates more than $687 million in annual revenue. Martin joined Think Finance in April 2013 and oversees their compliance with all state and federal laws, as well as ensures the company has the most clear, transparent and fair products in the industry. Before his role at Think Finance, Martin held general counsel and chief compliance positions at Citigroup, Western Union Company and the Cigna Corporation.

12KENNETH LIN

Company:  Credit Karma

Title:  Co-Founder, CEO

Ken Lin is the CEO and Co-Founder of Credit Karma, a personal finance website focused on credit score analysis and financial planning. Ken founded Credit Karma in 2007 after exiting Multilytics Marketing, a data-driven marketing agency for clients such as Wells Fargo, Liberty Mutual and eBay. Most recently he has been making headlines for raising an impressive $160 million in the past year at a $1 billion valuation from a notable investor group that includes Google Capital, Susquehanna Growth Equity and Tiger Global. Credit Karma currently has more than 30 million consumers on its platform.

13FLINT LANE

Company:  Billtrust

Title:  Founder, CEO

Flint Lane has been the CEO of Billtrust for over a decade and has been integral to the company’s impressive sustained growth and dominance in the offline and online billing solutions industry. Billtrust, which helps companies with outsourced paper billing, fax billing, and online billing services, has grown from $25 million in revenues in 2010 to over $61 million in 2013. Flint told GrowthCap, It is a privilege to lead a team of great people, partners, clients and investors as we execute on our vision to be the leading provider of cloud based billing and payment services. My goal is to constantly challenge myself and the team to not accept the status quo and make sure we continue to solve real problems in the market. Flint’s experience in the payment industry also expands beyond Billtrust, having previously founded and sold electronic billing company Paytrust. In June of 2011, Flint was also recognized as the Ernst & Young Entrepreneur Of The Year.

14NORM MERRITT

Company:  shopkeep

Title:  Co-CEO

Norm was recently named as Co-CEO at successful POS startup ShopKeep in May of this year, but his executive tenure surely doesn’t stop there. Previously, Norm was the CEO of iQor, a company with 32,000 employees in seven countries that is an outsourced provider of business services including customer support and collections. Norm helped oversee the turnaround of iQor with performance growing from a business losing money in 2003 to earning over $56M in EBITDA in 2010. Prior to iQor, Norm was President of a division of the largest privately held mortgage bank in the US with over $12 billion in annual loans funded.

15JIM MINNICK

Company:  eVestment

Title:  Founder, CEO

With 14 years as CEO and Founder of eVestment, Jim Minnick has an impressive track record in the financial services industry. eVestment was founded in 2000 with the goal of providing detailed analytics and data surrounding the world of institutional investing to help clients make the most informed decision when selecting asset managers. Under Jim’s leadership, the company has become a truly global enterprise with offices on four continents and revenue of more than $56 million.

16SCOTT GALIT

Company:  Payoneer

Title:  CEO

Scott is CEO at Payoneer, a payments platform specializing in cross-border sales and globally compliant payments processing for businesses. Scott has 15 years of global finance and payments experience, with previous positions including Global Head of Prepaid for MasterCard where he developed MasterCard’s global prepaid strategy, Founder and CEO of Solspark, SVP/General Manager of First Data Prepaid and EVP at Meta Payment Systems. Since its founding in 2005, Payoneer has reached $58 million of revenue and raised $40 million of capital.

17NOAH BRESLOW

Company:  OnDeck

Title:  CEO

Noah Breslow is the Chief Executive Officer at OnDeck, a technology company solving Main Street’s biggest challenge: access to capital. As OnDeck’s first employee, Noah Breslow has held a variety of leadership roles since the company’s 2006 inception and became CEO in June of 2012. During his tenure as CEO, OnDeck has been named to the Forbes America’s Most Promising Companies in America list twice and the Inc. 500 | 5000 List of the Fastest Growing Companies in America three years in a row. Utilizing data aggregation and electronic payment technology, OnDeck can make credit decisions in minutes and deliver funding to small businesses as fast as same day. To date, OnDeck has delivered over $1.7 billion to small businesses nationwide. Noah holds a bachelor’s degree in computer science from MIT and an MBA with distinction from Harvard Business School.

18KRISTI ROSS

Company:  Dough Inc

Title:  President, Co-CEO

Kristi Ross is Co-CEO and President of dough, Inc., which was formed through the combination of the online financial network tastytrade, and dough, a financial technology content aggregator and trading platform. Kristi was named an entrepreneur of the year by Ernst & Young in 2014. Dough has seen impressive growth under Kristi’s leadership, which most recently culminated in raising $25 million from Technology Crossover Ventures.

19MATT GOLIS

Company:  YapStone

Title:  Co-Founder, CEO

Matt is the Co-Founder and CEO of Yapstone, a processing platform focused on a variety of specific industries, including property management, with over $8 billion of volume. With over 15 years in the payments industry, Matt is a highly regarded thought leader on credit card and electronic payments. Matt also founded RentPayment.com, Inc., the original online rent payment service in 1999. Previously, Matt founded Internet Commerce Associates (ICA), an Internet consultancy that implemented business e-commerce applications for Netscape Communications (AOL) where his clients included many Fortune 500 companies. Yapstone had 2013 revenues of approximately $88 million.

20NAVAL RAVIKANT

Company:  AngelList

Title:  Co-Founder, CEO

Naval Ravikant is the CEO and Co-Founder of AngelList, the online platform that has revolutionized the way many startups connect with potential angel and venture capital investors. Naval is a serial entrepreneur, having previously co-founded Epinions and Vast.com. Under Naval’s leadership, AngelList has become a hub for everything tech start-up related, including syndicate investing and talent recruiting. As of 2013, the platform had well over 20,000 angel and venture capital investors, had raised approximately $25 million and was rumored to be worth north of $150 million.

21HARDEEP WALIA

Company:  Motif Investments

Title:  Co-Founder, CEO

Hardeep co-founded Motif Investments, an online trading platform that allows users to create their own themed portfolios. Prior to Motif, he spent more than six years at Microsoft as General Manager of the company’s enterprise services business, and was also a Director of Corporate Development and Strategy, helping to oversee Microsoft’s investments and acquisitions. Motif Investments has raised approximately $86 million from top-tier financial investors including Goldman Sachs, Ignition Partners, Norwest Venture Partners, and Foundation Capital.

22ABHIJIT BOSE

Company:  EZETap

Title:  Co-Founder, CEO

Abhijit is the Co-Founder and CEO of Ezetap, a payment device and processing platform focused on emerging markets. Abhijit has attacked the mobile payments space a couple of times, and has 20 years of rich international experience in leadership roles at mobile payment company ngpay, Intuit, Oracle and Siebel. Abhijit helped Ezetap crack difficult markets, with a focus on India but also hoping to sell upwards of 100,000 devices across the Asia-Pacific, Africa and Middle East this year. Ezetap has also closed important mobile payment partnerships with the likes of Citibank and several e-commerce companies.

23WILLIAM J. THOMAS

Company:  Innovest Systems

Title:  President, CEO

Bill has been CEO of Innovest Systems since its inception. Founded in 2000, Innovest now has more than $390 billion in client assets on its trust and wealth management platform and counts some of the world’s largest financial services firms among its clients. Prior to joining Innovest Systems, LLC, Bill was most recently in JP Morgan’s LabMorgan eFinance business unit as its Entrepreneur in Residence. Over the past 14 years, William has grown Innovest to approximately $17.5 million in revenue and 83 employees.

24PATRICK COLLISON

Company:  Stripe

Title:  Co-Founder, CEO

Patrick Collison is the Co-Founder and CEO of Stripe, a popular set of development tools and APIs that has made accepting payments online incredibly easy. He has been integral in securing game-changing partnerships with the likes of Apple, and marquee investors Sequoia Capital, Andreessen Horowitz, as well as PayPal Co-Founders Peter Thiel, Elon Musk and Max Levchin. Stripe has raised about $140 million in funding with a valuation north of $1.75 billion. Patrick also previously co-founded and sold Auctomatic, an auction and marketplace management system, which he started in 2007 at the age of 18.

25LISA FALZONE

Company:  Revel Sytems

Title:  Co-Founder, CEO

Lisa Falzone is the CEO and Co-Founder of Revel Systems, an iPad point-of-sale (POS) system for restaurant, retail and grocery. Lisa has been instrumental in Revel’s success, leading day-to-day operations and ensuring continued growth through partnering with more than 1,200 enterprise locations to date. Since founding Revel Systems in 2010, she has also secured more than $113 million in funding from investors to expand into international markets with a strong business model that has already reached break-even. Lisa recently mentioned that the company plans for an eventual IPO in the upcoming years.

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