GoCardless Welcomes Paul Stoddart as President
Last editedMay 20222 min read
Newly minted unicorn strengthens leadership team with former Vocalink and Mastercard executive to accelerate strategy execution
SAN FRANCISCO – MAY 4, 2022 -- GoCardless, a leader in direct bank payment solutions, today announced the appointment of Paul Stoddart as President. Stoddart joins from Mastercard, where he was President of New Payment Platforms, Executive Chairman of Vocalink and a member of the Mastercard Management Committee. In his new role at GoCardless, he will have global responsibility for the go-to-market organization, including the strategy, sales, product, marketing, and customer teams, with a view to accelerating growth and achieving the company’s ambition to become the world’s bank payment network.
Stoddart brings a wealth of experience to GoCardless. He was named Chief Executive Officer of Vocalink after its acquisition by Mastercard and subsequently promoted to President of Mastercard’s New Payment Platforms, where he led the establishment and growth of a business unit that expanded Mastercard’s role in payments beyond cards to account-to-account payments. Prior to Vocalink he was Co-Head of Corporate Finance at Barclaycard. He also spent 10 years at NatWest where he held a number of senior roles, including positions in their merchant acquiring and e-commerce business, Worldpay.
His appointment comes as the company broadens its offering of direct bank payment solutions for both one-off and recurring payments and builds out its suite of payment intelligence products to help businesses manage their payments more effectively. GoCardless will benefit from Stoddart’s expertise as it doubles down on account-to-account payment.
Hiroki Takeuchi, co-founder and CEO at GoCardless, said: “This year marks an inflection point at GoCardless as we expand beyond recurring payments to serve a broader range of customer segments and payment use cases. Having the right people to lead us on this journey is critical as we scale our business, develop new products and services with open banking, and explore new markets. Paul has a unique depth of experience across both card and non-card payments and is well-positioned to help us seize the opportunities that will make GoCardless a force to be reckoned with in the payments space.”
Paul Stoddart, President at GoCardless, said: “GoCardless is in an incredibly exciting place right now. Hiroki and the team have already built a successful business by solving real customer problems. They have the foundations of a global bank pay network that will grow even stronger as more businesses and people embrace account-to-account payments, from bank debit to open banking-enabled payments. We will continue to push the boundaries of what’s possible in payments. In this new role at GoCardless, I’ll have the opportunity to be part of the team building the new generation of payment solutions to do just that, with customer needs at the forefront.”
Stoddart’s appointment comes as GoCardless continues to accelerate its growth following its latest funding round of $312 million in February. In the intervening months, GoCardless released its second open banking-enabled feature, Verified Mandates, in the UK and Success+, its ‘payment intelligence’ product which uses machine learning to identify the optimal day to recover failed payments, in the US.