F1 Payments Expands its Board of Directors


AUSTIN, Texas--(BUSINESS WIRE)--F1 Payments, a fintech company focused on increasing business velocity for all constituents in the payments industry ecosystem, today announced it has added three new independent members to its Board of Directors following the strategic investment from York Capital. Payments and fintech veterans Ramón Martín, O.B. Rawls and Andy Sessions join the Board, effective immediately.

"We are pleased to welcome Ramón, O.B. and Andy as directors to the F1 Payments' Board," said Sunil Kappagoda, chairman of the Board. "They join F1 Payments at an exciting time as we leverage their expertise to expand and broaden the business, and deliver greater value to our customers,” added Kappagoda. “Innovation and leadership will put F1 Payments in a strong position to capitalize on market opportunities as the payments industry continues its rapid evolution.”

“I am excited to have the opportunity to tap into the vast experience and expertise of our Board members to make F1 Payments a highly successful payments company,” said Chad Anselmo, CEO and Board member. “Our directors are all well respected and accomplished individuals who will help us deliver top-notch, compliant processing solutions to the specialty e-commerce payments ecosystem.”

With more than 35 years’ experience in financial services, travel, logistics, strategic consulting and manufacturing, Martín was previously global head of merchant sales and solutions for Visa, CEO of CyberSource and served in a number of senior global leadership roles for American Express. He currently is the CEO and founder of META 4, a network of senior advisors and executive coaches specializing in disruption and transformation. “I welcome the opportunity to help drive growth at F1 Payments,” said Martín.

Rawls retired last year from Paysafe where he served as CEO of global payment processing. He previously held leadership positions with iPayment, First Data, Hypercom, Caredata, Unified Merchant Services and Bank of America. Rawls now works with a variety of fintech and payments companies as strategic advisor and Board member. “F1 Payments has tremendous opportunity ahead due to great leadership and owner support,” said Rawls. “I’m honored and excited join the company’s Board of Directors to help fuel rapid growth in both revenue and profitability.”

Sessions is managing director of Intercept Ventures, a seed stage investment firm targeting the next wave of technology leadership in the areas of cloud, data, fintech, mobility and security. Previously he was a founding partner of Thomas Weisel Partners and served as an executive for Montgomery Securities and Technology Crossover Ventures. "F1 Payments is combining a world class team, deep domain expertise and an industry-leading technology platform to continue its rapid growth in the merchant payments market. It is exciting to be a part of the emerging leader in the space."

The F1 Payments Board also includes Harish Nataraj, Max Slivka and Lyle Berstein, representatives of York Capital.

About F1 Payments

F1 Payments delivers a dynamic and diverse payments technology ecosystem with frictionless connections. We engage stakeholders using H.I.G.H.E.R. core values to provide transparent payments. Our clients and partners enjoy increased velocity by accessing top-notch payments expertise, seamless integrations and highly personal relationships, giving them the freedom to focus on what matters most in business and life. F1 Payments is a registered ISO of Fifth Third Bank, N.A., Cincinnati, Ohio; Wells Fargo Bank, N.A. Walnut Creek, California; and Cross River Bank, Fort Lee, New Jersey. The company is a fast-growing, privately held fintech company headquartered in Austin, Texas. For more information, please visit f1payments.com.

About York Capital Management

York Capital Management is a global private investment firm established in 1991. The firm manages approximately $13 billion in assets across public and private investment strategies, including its private equity platform, the York Special Opportunities Fund. York Capital employs approximately 50 investment professionals and over 150 employees globally, primarily in New York, London and Hong Kong. For more information, please visit York Capital’s website at yorkcapital.com.

Recent Deals

Interested in advertising your deals? Contact Edwin Warfield.