Purpose


HELPING THE WORLD SAFELY BUY AND SELL THE THINGS THEY LOVE, WANT, AND NEED


PromisePay is dedicated to building the internet’s most powerful payments engine, game-changing the payments industry, and reinventing e-commerce across the planet.

Founders

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Simon Lee

Chief Executive Officer

Simon is the CEO at PromisePay and drives the company’s finance, operations and sales. Under Simon’s strategic leadership, PromisePay continues to grow and offer a game changing alternative to the traditional world of online payments. Simon has previously led large scale transformational technology projects in Australia, UK, France, and the USA for global financial institutions such as AXA, EBS, Skandia and National Australia Bank.

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Simon Jones

Chief Technology Officer

Simon is the CTO at PromisePay and heads up technology, engineering and security. Under Simon’s direction, PromisePay continues to build an ultra fast and highly secure payments engine while growing the team to continually develop, maintain and improve it. Simon holds a Bachelor of Computing and an MBA, and has previously led large scale technology projects for Telstra, Ericsson, NEC, Fujitsu and GKN Aerospace.

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Darren McMurtrie

Chief Experience Officer

Darren is the CXO at PromisePay and oversees design, marketing and customer success. Under Darren’s guidance, PromisePay continues to create a frictionless and memorable experience for marketplaces, businesses and their customers. Darren has previously led design, branding and user experience initiatves in Australia, the UK and South East Asia for global organisations such as Standard Chartered Bank, AOL, Tesco, Nokia Siemens Network and ANZ Bank.

PromisePay’s solution allows marketplaces to ditch an in-house payment solution, essentially outsourcing the entire process. Marketplaces can easily integrate features like dispute resolution, escrow, and advanced fraud detection.


Board

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Timothy Stern

Tim is a General Partner at Cultivation Capital. In 2000, he co-founded and served as President of Lenders One, the largest mortgage-banking cooperative in the U.S., representing nearly 14% of the country’s originations market. Lenders One was acquired by Altisource Portfolio Solutions, a NASDAQ traded company, in 2010. At Altisource, Tim was on the global leadership team and grew the business to over $100 million in annual revenue with 2,500 employees around the globe.

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PAUL NAPHTALI

Paul is an internationally experienced marketer, with local market knowledge built up through years spent in Silicon Valley, Europe and Australia. With more than 15 years in technology PR and advertising, Paul has become a specialist in position and communication for startups in Silicon Valley, Israel and Australia. Paul was VP Global Marketing at Jajah (acquired by Telefonica), head of PR for Snaptu (acquired by Facebook), head of communications for Amobee (acquired by Singtel), Asia Pacific PR Manager for Responsys (NASDAQ: MKTG), head of PR for TokBox (acquired by Telefónica).

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PROMISEPAY FOUNDERS

PromisePay Co-Founders, Simon Lee, Simon Jones and Darren McMurtrie all continue to serve on the board of PromisePay. Together, they are committed to ensuring the company mission is factored into each and every strategic decision with passion and purpose, while ensuring all high level board and business goals are prioritised and actioned within day to day operations.

Investors

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CULTIVATION CAPITAL

United States

Cultivation Capital, a venture capital firm, invests in technology companies whose ideas have the potential to disrupt the way we live and work. Cultivation Capital has a track record of investing in successful technology companies across the U.S. and is led by a team of serial entrepreneurs whose General Manager is Jim McKelvey, Co-Founder and Director of Square Payments, now worth in excess of $6bn after raising $150m in 2014. Cultivation Capital portfolio companies include LockerDome Upside, WealthAccess and FoodEssentials.

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REINVENTURE

Australia

Reinventure is a AUD$50 million venture capital fund whose largest investor is the Westpac Banking Corporation, one of Australia’s largest banking and financial services companies. Reinventure’s approach is to bring great entrepreneurs together in a partnership with Westpac. As a result Reinventure aims to help ventures to scale more rapidly than they could do on their own. Reinventure makes investments from seed through to Series A and up. Co-founded and managed independently by Danny Gilligan and Simon Cant who are also co-investors in the fund, Reinventure’s model ensures that its primary objective is to invest in and develop the most successful ventures in their respective markets.

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RAMPERSAND

Australia

An Australian growth-stage fund, rampersand invests in and supports the best Australian technology founders and teams and is committed to helping startups become major national, regional and global leaders. Growth-stage technology businesses need more than just money to succeed, so rampersand provides support with sales and marketing, communication, exposure to global networks and more. Rampersand have worked with successful startups and technology firms in Australia, Silicon Valley, Europe and Asia.

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MARK HARBOTTLE

Australia

Mark Harbottle co-founded 99designs.com, the largest graphic design marketplace in the world. In 2011 Accel Partners (investors in Facebook, Dropbox, Groupon and other leading tech businesses) invested USD$35m Series A in 99designs. Mark also co-founded Flippa, the largest marketplace in the world for buying and selling websites, and SitePoint, a leading educator of Web Designers and Developers.

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SIXTHIRTY

United States

SixThirty is the worlds number one financial-based technology (fintech) accelerator in the world. Backed by the St. Louis Regional Chamber and venture capital firm Cultivation Capital, SixThirty invests in a handful of fintech startup companies each year. The companies selected to take part in the accelerator program receive hands-on training, mentoring, and networking opportunities with the top financial services companies in the country. SixThirty portfolio companies include MiiCard, Upside and WealthAccess.

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KIMA VENTURES

France

Kima Ventures investment fund began in 2010, by entrepreneurs, for entrepreneurs. Kima’s goal is to support and finance innovative companies with seed capital all over the world. Kima Ventures partners with the best business angels and venture, funds, and invests primarily in projects that meet a simple need and have a simple business model. Kima Ventures is backed by Xavier Niel, a French entrepreneur and businessman whose net worth is now in excess of $10bn, and is best known as founder and majority shareholder of France’s Free Telecom.