About Us


We've spent a lot of time with online businesses. What's the most consistent theme we've heard? That they live in a competitive world, with lots of margin pressure. Well, we're here to help. PayWithMyBank is the low-cost online payment alternative to PayPal & credit cards, available to 100% of U.S. consumers with a bank account. We help businesses grow their profits by shrinking payment costs. And also help them increase sales by providing access to more U.S. consumers than PayPal or credit cards, with a user experience that is truly easy.

What about consumers? Since the financial downturn, more Americans have stopped using credit cards altogether (27% of American families have no credit cards¹) or are avoiding them (37% of consumers say they are using their credit cards less²). Instead, theyíre only spending the money they have in their bank accounts Ė and avoiding finance charges and late fees in the process.

At PayWithMyBank, we're here to help people reach their dreams of financial freedom. We make it easy to pay out of your bank account without leaving the merchant's website:

  • There's no account to create
  • No credit or debit card to reach for
  • No bank account or routing number to type in
  • All you need is your online banking ID and password
It's that easy!

Founded in 2010, we have raised $26 million in funding from Balderton Capital, Wellington Partners and TTV Capital.

Management Team

Alexandre Gonthier - CEO
PayWithMyBank- Alexandre Gonthier

Alex is from Switzerland, so it will come as no surprise that he isnít a stranger to payments. Since 1997, he has been a founder and entrepreneur, building several successful payments companies. Alex was CEO and co-founder of iPIN (acquired by Aepona), a leading online and mobile payment platform for the likes of Visa, Wells Fargo and AT&T. iPIN was featured in The Wall Street Journal, The Economist and other leading publications. He was also the CTO of mobile payments company Paymo, which merged with BOKU, the fastest-growing mobile payments company worldwide fueling customers like Facebook, EA, and Sony. As CEO of Trinity Mobile and Director of Ticketscript (a leading ticketing platform in Europe and post-merger successor to Trinity Mobile), he learned firsthand about payments from the merchantís perspective. Alex was previously an Advisor to private equity firm 3i and a Venture Partner at venture capital firm Wellington Partners in London. He has a Masters in Communications Systems from the Swiss Federal Institute of Technology in Lausanne, Switzerland.

Steven Pellizzer - CFO
PayWithMyBank- Steven Pellizzer

Steve is a lifelong 49ers fan and grew up 5 blocks away from where the team used to practice. He is also a payments veteran with over 12 years of experience in the industry. Most recently, Steve was CFO of CyberSource, a publicly held leading provider of electronic payment and risk management solutions used by online merchants. While at CyberSource, Steve was a key member of the executive team responsible for growing revenue from $28 million to over $300 million, leading to Visaís acquisition of CyberSource for $2 billion in June 2010. Prior to CyberSource, Steve was a manager at PricewaterhouseCoopers LLP focused on the technology industry. Steve received a B.S. in Commerce from Santa Clara University and is a CPA.

Nicolas Bonnet - VP Product & Technology
PayWithMyBank- Nicolas Bonnet

Nicolas got his first exposure to payments by being the bank in Monopoly at age 6. After that, there was no turning back. He has spent the past 20 years bringing disruptive technologies to the marketplace. Most recently, he was VP Product Management and co-founder of Sigma Dynamics, working on the development of its world leading software platform for adaptive business process optimization. Sigma Dynamics was bought by Oracle and for 6 years, he led the Oracle Real-Time Decisions product team and helped the likes of Dell and MasterCard with large-scale real-time predictive solutions deployments. Prior to Sigma Dynamics, Nicolas was Director of Professional Services at DataMind/RightPoint (acquired by Epiphany for $400 million) where he worked with the likes of American Express, Schwab and Buy.com on their marketing and data mining processes. Nicolas has a B.A. in Applied Mathematics & Statistics and a Masters in Artificial Intelligence from the Sorbonne University in Paris, France.

Kendall Myles - VP Sales
PayWithMyBank- Kendall Myles

Ken learned at an early age the importance of getting paid. At age 8, he started a snow shoveling business, which quickly expanded into snow blowing and gardening. Before long, he had 4 employees. Aside from his snow expertise, Ken is a 13-year payments veteran. He joined Cardinal Commerce in 2000 and helped take it from startup to 30,000 customers strong. Ken worked closely with Visa, MasterCard, PayPal, Google, Bill Me Later and NACHA, and forged relationships with JP Morgan Chase, Bank One, Fifth Third, Paymentech and First Data. Before that, he co-founded an IT consulting firm. Ken and his partner grew the firm to 50+ consultants over 12 years, and eventually sold the business. He started his career at IBM in the 80ís helping bring the PC to market. Ken has been interviewed by USA Today and The Wall Street Journal and featured in Internet Retailer, Digital Transactions, Cards & Payments, and Payments News. Ken has a B.S. in Business from Bowling Green State University.

Board of Directors

Phillip Riese - Former President of Consumer Card Group at American Express

Phillip Riese joined the board as non-executive Chairman in 2011. Phillip spent over 20 years in leadership roles in the payments industry, initially at Chase and ultimately at American Express. He retired from American Express in 1998 as President of the Consumer Card Group and Chairman of American Expressí Centurion Bank, leading the teams that turned around American Expressí core business. Since leaving American Express, he has focused on co-investing in start-up and midsize companies that are potential leaders in providing disruptive financial services, advanced data analytics and next-generation marketing capabilities, serving on the boards of some and acting as an advisor to management in others.

Eric Archambeau - General Partner at Wellington Partners

Eric Archambeau joined the board in 2011. Prior to joining Wellington Partners, Eric was at Benchmark Capital from 2000-2002, where he led and co-led a number of European venture deals, including Betfair (listed in London BET.L), Almonde (acquired by Misys), and Instranet (acquired by Salesforce.com). Eric joined Benchmark from Atlas Venture, where, in Silicon Valley, he initiated a number of successful investments including Tsqware (acquired by Globespan) and Obongo (acquired by AOL). Before 1999, Eric was a serial entrepreneur in Silicon Valley, first as co-founder and CEO of RightPoint (acquired by Epiphany), then as founding CEO of Trading Dynamics (acquired by Ariba). Eric was also a founding board member of eGroups, acquired by Yahoo! in 2000.

Bernard Liautaud - Partner at Balderton Capital

Bernard Liautaud joined the board in 2012. Bernard founded Business Objects in 1990, was CEO for 15 years then Chairman until 2008. With 6,700 employees, 45,000 customers and $1.5 billion of revenue in 2007, Business Objects was one of the 15 largest software companies in the world. Business Objects was the first European software IPO on Nasdaq in 1994. In January 2008, Business Objects was acquired by SAP for $6.8 billion, making it the third largest software acquisition at the time. Bernard is now a member of SAPís supervisory board and Cap Geminiís board. He has received a number of distinctions including Time Magazine Europe's Digital Top 25 and BusinessWeek Stars of Europe of 2002, and Top 10 CEOs in North America by Chief Executive Magazine in 2001.

Peter Rowley - Former Senior Executive at IBM

Peter Rowley joined the board in 2007. Peter joined IBM from high school as a trainee cadet in 1966 and retired in 2003. During that period he held a number of senior positions including CEO and General Manager IBM Korea; Vice President and General Manager, Operations, IBM Latin America; General Manager Corporate Customers, Europe and General Manager, Global Business Partners, IBM Corporation. In 1995, he was appointed as a Member of IBM World Management Council and remained as a member of the council until he retired in 2003.

W. Thomas Smith, Jr. - Co-founder & Managing Partner at TTV Capital

Tom Smith joined the board in 2008. Tom is a co-founder and managing partner of TTV Capital. He retired from IBM in 2000 after 30 years of service. From 1996 to his retirement, Tom served as vice president, Small and Medium Business, IBM Americas. Prior to that, he was the southern area general manager appointed in 1986, with responsibility for IBMís sales, marketing and services business for thirteen states. Tom previously was on the board of directors of GreenDot, KnowledgeStorm and PayCycle. He currently serves on the board of directors of 3V, Silverpop, IP Commerce and Microbilt.

  • 1) Federal Reserve Survey of Consumer Finances, February 2009
  • 2) Javelin Strategy & Research, "Credit Card Issuer Profitability in a Difficult Economy", July 2008