Bachelors
2023 - 2023
2023 - 2023
Pelion is an early-stage software venture capital firm investing in talented entrepreneurs.
2021 - 2023
2021 - 2023
Oportun (Nasdaq: OPRT) is a financial services company that leverages its digital platform to provide responsible consumer credit to hardworking people. Using A.I.-driven models that are built on 15 years of proprietary customer insights and billions of unique data points, Oportun has extended more than 4 million loans and over $10 billion in affordable credit, providing its customers with alternatives to payday and auto title loans. In recognition of its responsibly designed products which help consumers build their credit history, Oportun has been certified as a Community Development Financial Institution (CDFI) since 2009.
2015 - 2023
2015 - 2023
Nexio is a payments growth company that empowers businesses to reach ambitious goals. In a complex and ever-changing commerce world, our technology helps sellers and platforms solve payments now and forever. Nexio gives you industry-leading payments products to ensure you are never limited in options for your commerce future. Our consultative approach ensures you get the advice you need to make the choices you want.
2022 - 2023
2022 - 2023
Mr. Banks has over 25 years of experience in the financial and high-tech SaaS, eCommerce, Payment Processing, FinTech, Communication & Engagement and ISV Software industries. He has held numerous executive level management positions such as CEO, President, General Manager, VP of Business Development, Vice President of Sales and Marketing and Director of Corporate Strategy with leading financial technology companies. Mr. Banks especially enjoys working with venture capital and private equity groups and helping growth-oriented companies build significant enterprise value for their shareholders.
2020 - 2022
2020 - 2022
Founded in 2011, Weave is a SaaS-based communication and engagement technology company that is transforming the way Small Businesses Attract, Communicate and Engage with their Customers! Weave focuses on helping businesses create amazing and memorable customer experiences by providing them with the tools they need to unify, modernize and personalize customer interactions and engagement, so they can focus on running their business and selling their core products and services. Weave is more than just a technology vendor. We are an essential partner to small businesses everywhere that value customer relationships and want to grow their business! #peoplenotemployees
2018 - 2019
2018 - 2019
After a successful exit strategy at NMI, Mr. Banks not only served as a board member, but additionally joined the executive management team at Truckstop.com serving as President of the LoadPay Business Unit where he leveraged and applied his valuable and successful payment industry experience to guide, lead and grow Truckstop.com’s payments initiative into the leading payment solution for the transportation industry. In April 2019, Mr. Banks participated in assisting the company to receive a strategic investment by ICONIQ Capital. Truckstop.com is the world's most trusted load board and freight marketplace for drivers to find loads at the best rates, brokers to increase capacity, and shippers to manage freight.
2014 - 2018
2014 - 2018
In 2014, Mr. Banks joined up with Great Hill Partners and also Bregal Sagemount for a joint investment and recap of NMI, a leading provider of white label payments enablement gateway technology servicing ISOs, ISVs and Payment Facilitators. In 2017, Mr. Banks successfully orchestrated a strategic growth investment from private equity firms Great Hill Partners and Francisco Partners positioning the company to complete its most recent acquisition, Creditcall a provider of swipe, EMV, contactless, mobile, unattended and other card present payment processing solutions based out of Bristol, U.K. Today, NMI is a leading provider of true Omni-Channel Payments Enablement Technology. "Since 2001, Network Merchants has built e-commerce payment gateways for companies that want to process online transactions in real-time anywhere in the world. With an exceptional team of software engineers, Network Merchants creates, maintains, and delivers a substantial suite of payment solutions through a partner-centric distribution channel. The company integrates and works exclusively with financial institutions, merchant acquirers, payment processors, ISOs, MSPs, and VARs, as well as developers of software, Internet, and mobile applications. With an easy to integrate transparent and private-label program, Affiliate Partners maintain their own look and feel while providing merchants with efficient and secure payment processing solutions. Network Merchants’ open-architectural design allows Affiliate Partners to earn substantial residuals without competition from the gateway. This non-compete commitment makes Network Merchants the clear choice for companies in the acquiring business."
2013 - 2014
2013 - 2014
Explore and identify investment opportunities to acquire companies. Identify, solicit, and analyze prospective targets for acquisition. Provide reports, analysis and recommendations of investment opportunities and targets. Advise portfolio companies or prospective companies as a consultant or Board member. Have the option to take Executive Management (CEO) or Board Member Roles in acquired companies.
2008 - 2013
2008 - 2013
Under the leadership of Roy Banks as CEO of Accelerated Payment Technologies, the company’s net revenues grew from $30.1 million to $67.5 million, while EBITDA grew from $13.4 million to $27.0 million over a four year period, representing compounded annual growth rates of 22.4% and 19.1%, respectively. Additionally, the company created over 110 new jobs in the state of Utah, and was recognized in Utah’s Fast 50, for 2012. This financial performance culminated in the sale of Accelerated Payment Technologies to Global Payments, Inc. (GPN) for $413 million, one of the largest technology sales in Utah history. Accelerated Payment Technologies, Inc. (ACCELERATED) is a leading, next generation integrated payment technology company providing secure payment solutions and relationship-based engagement through its unparalleled partner program. ACCELERATED innovates, markets and services its own middleware, card present gateway and security payment technologies, to provide a highly flexible platform and a single integration point. ACCELERATED delivers best-in-class support and customer service while shouldering the PCI compliance burden for its partners and merchant customers. ACCELERATED, formerly the payments processing division of CAM Commerce Solutions, Inc. draws on a 25 year history as a point-of-sale software company for a unique understanding of its customers’ needs and challenges. Headquartered in Pleasant Grove, Utah ACCELERATED serves tens of thousands of US and Canadian businesses and processes billions of dollars of transactions annually through its comprehensive payment applications X-Charge, X-Web and XpressLink. For more information, visit http://www.acceleratedpay.com/.
1999 - 2008
1999 - 2008
•Led the successful negotiation and sale of company for $662 million in cash and stock. •Responsible for building and growing Authorize.Net into the leading provider of global eCommerce payment-processing solutions for over 210,000 small, medium and enterprise level merchant customers processing 1 out every 3 Internet-based credit card payments. •Successfully increased revenues on average of 35% year over year from $6 million to over $71 million in 9 years, with 77-80% Gross Margins, 30-35% Net Income Margins and 35-40% EBITDA Margins for the same period. •Managed and oversaw the delivery of high quality payment processing services to over 225,000 customers and over 3,500 reseller channel partners, while processing over 330 million transactions with a value of over $39 billion in 2007. •Develop strategic initiatives resulting in the development of leading-edge IP-based transaction processing solutions for eCommerce, retail, mobile and mail order and telephone order environments.