Joe Proto joins Photon Commerce as advisor
Joe Proto has joined Photon Commerce, a leading fintech provider of instant payments, payables, receivables, and artificial intelligence solutions, as an advisor.
Mr. Proto is a serial entrepreneur with a number of successes over his four decades in the payments industry. Mr. Proto is the founder and CEO of Transactis, a leading electronic billing and payments company serving large banks and technology providers, which was acquired by Mastercard in 2019. Prior to Transactis, he launched REMITCO, a payments company acquired in 2000 by First Data, and Financial Telesis (CashFlex), which was acquired in 1992 by CoreStates Bank, now part of Wells Fargo.
Mr. Proto is the general partner and co-founder of Windham Ventures (health-tech), an advisor and limited partner at Alpine Meridian Ventures (technology), Compound (digital media and e-commerce), and ff Venture Capital (Internet of Things). Additionally, Mr. Proto serves as an investor, advisor, and director at numerous other companies.
"I first met the Photon Commerce team through NACHA. Photon Commerce’s instant payments, accounts payable, and accounts receivable (AR) automation technologies are widely leveraged in the industry," noted Proto. "It’s a delight to join Photon Commerce’s team as an advisor, and accelerate its deployment in the rapidly changing financial technology indutry."
Michael Young, founder and CEO of Photon Commerce, remarked, "Joe’s experience and acumen in founding successfully fintech ventures from concept to acquisition are an inspiration. We are thrilled that Joe has joined Photon Commerce and look forward to drawing on his experience as we continue our mission of providing innovative instant payments solutions to fintech companies."
About Joe Proto
As a senior executive and successful entrepreneur, Joe Proto has four decades in the financial technology and banking industry. Joe built Transactis into a leading payments company serving 25 of the largest 50 banks, which Mastercard acquired in 2019. He launched REMITCO, a payments company acquired in 2000 by First Data, now part of Fiserv. He co-founded Financial Telesis (CashFlex), acquired in 1992 by CoreStates, now part of Wells Fargo. Joe also co-founded Windham Ventures (an innovation leader in med tech) and is an advisor and limited partner to several leading venture capital firms. Joe serves as chairman of DadeSystems (B2B integrated receivables) and Finexio (automated AP technology). He is a board member at LendKey (lending technology serving hundreds of credit unions and community banks), Azimuth GRC (automated compliance technology), and ActiveWorx (AP for large multi-national corporations). Joe is a member of various financial services organizations, including the Association for Financial Professionals (AFP); he serves on the National Automated Clearinghouse Association (NACHA) advisory council; and is a frequent speaker at conferences in the financial technology industry.
About Photon Commerce
Photon Commerce is a leader in providing in instant payments, payables, receivables, and artificial intelligence automation solutions to the financial technology industry. It is headquartered in San Francisco, CA. The company is backed by Angelist Quant Fund and Village Global, a venture firm funded by Bill Gates, Jeff Bezos, Sara Blakely, Reid Hoffman, and other successful entrepreneurs. Visit photoncommerce.com to learn more.
Media Contact
Angela Murphy
press@photoncommerce.com
