Park Place Payments appoints a new chief producer officer to support next phase of growth, innovation

Park Place Payments, a female-founded fintech poised to capitalize on the surge in freelance workers, announced today that veteran payments executive Jeffrey Punzel has joined the company as Chief Product Officer. Punzel comes to Park Place Payments from Fiserv, one of the largest fintech companies in the world.

Park Place offers payment processing solutions to 80 percent of the SMB market that doesn’t want self-serve software features provided by Square, Stripe, Paypal and the ISVs. Park Place, a company known for its white-glove service as well as a sales force dominated by women, is disrupting an industry that was once homogenous. They have a nationwide network of independent financial advisors who provide services to their local communities.

“Today’s appointment marks a critical growth milestone for Park Place Payments as we further develop our community-driven sales platform,” Park Place Payments founder and CEO Samantha Ettus “Jeffrey Punzel’s extensive payments experience and ingenuity is a huge boon to Park Place. Not only did Jeffrey play a key role in developing one of the earliest payment gateways in the industry, but he has touched virtually every area of payments.”

Park Place is able to benefit from Punzel’s more than 25 years of payment experience. Recently, he was the head of a group focusing on payment gateways at Fiserv.

“Park Place Payments is at the forefront of a movement to address the payments needs of small and medium sized businesses and to provide freelancers across the U.S. with a recurring-revenue opportunity and a virtual worklplace and community,” said Punzel. “I’m thrilled to join the outstanding team at Park Place in this mission.”

Park Place Payments raised $1.5 in seed funding last year and saw a 135percent increase in its sales force. It is now expected to grow to 2,500 people by 2022. Park Place Payments has seen a 65% increase in merchant customers and a 99% increase in monthly processing volumes.

Park Place Payments was established in 2018 by Samantha Ettus. She noticed a general dissatisfaction with small business owners’ financial service providers. Ettus also saw a gap in the market for recurring revenue opportunities that would allow freelance workers to be free from traditional workplace constraints. Park Place will be able to offer a unique pathway to financial independence by 2027 as more than half the U.S. population will consider themselves freelancers.

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