All-in-one payments platform ConnexPay today announced the appointment of Ben Peters as its Chief Executive Officer.

Peters brings more than two decades of experience leading and scaling global payments and vertical software companies. Bob Kaufman, founder of ConnexPay, will remain actively involved in the business, assuming the role of chairman of the board of directors and working alongside Peters to continue driving ConnexPay’s strong growth trajectory.

Ben Peters commented:

“I am excited to join ConnexPay and assume the reins from Bob, someone I’ve long admired and am lucky enough to call a friend. I look forward to working closely with Bob and the entire ConnexPay team as we continue to deliver on the firm’s track record of growth and investment in innovative products across new payments verticals to further strengthen our market-leading offering.”

Prior to joining ConnexPay, Peters served as chief operating officer for VPay, a digital claim payment processing platform for insurers, which was acquired by Optum in 2021. Peters remained with the company after the acquisition, spending over six years as COO. Peters’ leadership experience also includes nearly a decade as CFO at three vertical software companies: ChoicePay, an electronic bill payment solutions platform for billers; Fleet One (acquired by Wright Express in 2012), a vehicle fleet management services platform; and IOD (acquired by New Mountain Capital in 2015), a healthcare IT data platform.

In October 2022, ConnexPay secured a $110 million growth equity investment from FTV Capital and existing investors, including BIP Ventures. As part of this investment, Adam Hallquist, principal at FTV Capital, joined the board of directors and Chris Winship, partner at FTV Capital, joined as a board observer. Alongside BIP’s continued investment in ConnexPay, Austin Poole, General Partner at BIP Ventures, continues his service on the board of directors.