Pushpay Adds Sumita Pandit, Experienced Growth Executives
REDMOND, Washington, September 27, 2021 (GLOBE NEWSWIRE) – Push payment (NZSX: PPH, ASX: PPH, “Pushpay” or “The Company”), the leading technology platform that creates world-class giving and engagement solutions to help organizations grow their communities, is pleased to ‘announce that Sumita Pandit and John M. Connolly have been appointed directors by the Board of Directors of Pushpay effective today, September 27, 2021.
Sumita is COO of dLocal, a state-of-the-art payment platform that enables merchants from global businesses to connect with consumers in emerging markets. Prior to dLocal, Sumita was Global Head of Fintech Investment Banking for JP Morgan.
John is a senior advisor to Sixth Street, a leading global investment firm and Pushpay’s largest shareholder. He has led or served on over 35 boards of directors and, during his career, has held executive positions at Bain Capital Ventures, M | C Communications, Institutional Shareholder Services and IBM. John also founded Mainspring, Inc. (acquired by IBM) and Course Technology (acquired by Thomson Corporation).
Molly Matthews, CEO of Pushpay, said, “Our mission is to help organizations grow their communities and this has guided us to become the leading vertical software and payments platform in the religious industry. I am excited to harness the new insights, knowledge and skills that Sumita and John bring to Pushpay as we continue to execute our growth strategy by entering new markets and creating differentiated world-class products and services for our customers.
Graham Shaw, Chairman of the Board of Pushpay, said: “We are delighted to welcome Sumita and John to the Board of Pushpay. Sumita has been central to the growth of financial technology companies throughout her career and John brings 30 years of experience of innovation, vision and execution in building successful growth companies. These appointments demonstrate the collaborative and growth-friendly approach we have enjoyed with Sixth Street since joining as our lead investor last March. We are delighted to have appointed such experienced and energetic individuals who will further strengthen the breadth of talent and track record of our Board of Directors.
Sumita Pandit said, “I look forward to working with Molly, my fellow board members and the rest of the team as Pushpay continues to expand its product suite, deepen its customer relationships. and consolidate its leadership position in the integration of non-profit payments. “
John Connolly said, “Molly and her team have done an incredible job strengthening Pushpay’s position as a leading platform serving donor communities in the United States. I look forward to contributing my experience as well as Sixth Street’s knowledge and insights through its technology portfolio to help Pushpay pursue its next phase of growth.
About Pushpay’s collaboration with Sixth Street
In March 2021, Sixth Street became the largest shareholder of Pushpay and began engaging with the company in operational initiatives focused primarily on accelerating growth and product innovation. Sixth Street leverages its experience, resources and global outlook to help accelerate the growth of the companies in which it invests.
Michael McGinn, Partner at Sixth Street, said: “Pushpay customers recognize the value of its integrated payments platform and comprehensive ecosystem approach, and we see significant opportunities for expansion beyond its position. current leader in the sector. Sumita and John will further strengthen the board’s presence in Pushpay’s core US market and provide support and guidance as it seeks to seize these opportunities and accelerate its growth. We look forward to working with Molly, the leadership team and the board to help realize Pushpay’s full potential.
Sixth Street uses its flexible long-term capital, data-driven capabilities and a cross-platform team approach to develop themes and deliver solutions to businesses at all stages of their growth. Founded in 2009, the company manages more than $ 50 billion in assets and has more than 320 employees in nine global offices. Some current and past representative Sixth Street investments include Airbnb, AirTrunk, AvidXchange, Gainsight, Kyriba, MDLIVE, Passport, Paycor, PaySimple, Spotify, Sprinklr, and SumUp.
Further information on Sumita Pandit and John M. Connolly
Sumita Pandit | Independent director
Sumita is the COO of dLocal, a state-of-the-art payment platform that enables merchants from global businesses to connect with billions of consumers in emerging markets. Prior to joining dLocal, Sumita was Managing Director and Global Head of Fintech Investment Banking for JP Morgan. Sumita brings nearly two decades of investment banking experience advising companies across all fintech verticals including payments, financial software, neobanks and insurtech. Previously, she worked at Goldman Sachs. Sumita received her MBA from the Wharton School at the University of Pennsylvania. Sumita lives with her family in Los Altos, California, United States.
John M. Connolly | Non-executive director
John is a senior advisor to Sixth Street and advises CEOs and management teams of portfolio companies on strategic and operational issues associated with growth. John has served as chairman, non-executive chairman or director of more than 35 boards, including A Cloud Guru, Paycor and Regulatory DataCorp (RDC) where he served alongside Michael McGinn, co-head of the Growth business at Sixth Street. John was previously Managing Director of Bain Capital Ventures, President and CEO of M | C Communications, President of Edgar Online, President of Princeton Review, President and CEO of Institutional Shareholder Services (ISS) and has held several leadership positions. at IBM, including the integration department to create the IBM Business Consulting group. John also founded two companies, Mainspring, Inc. (acquired by IBM) and Course Technology (acquired by Thomson Corporation). John lives with his family in Manchester, Massachusetts, United States.
Sumita, as an independent director, and John, as a non-executive director affiliated with Sixth Street, will each hold office until Pushpay’s next annual meeting, when they stand for election by shareholders.
Pushpay provides a Donor Management System, including Donor Tools, Financial Tools and Custom Community Application, Church Management System (ChMS) and Live Video Streaming Solutions for the Religious Sector, nonprofit organizations and education providers located primarily in the United States (United States) and other jurisdictions. Our industry-leading solutions simplify engagement, payments and administration, enabling our customers to increase their engagement and build stronger relationships with their communities.
Church Community Builder and Resi Media LLC (Resi) are subsidiaries of Pushpay Holdings Limited. Church Community Builder provides a Software as a Service (SaaS) church management system that churches use to connect and communicate with members of their community, record member service history, track online donations, and complete a range of administrative functions. Resi is a high-growth SaaS company that provides end-to-end live video streaming solutions enabled by hardware products primarily to the religious sector, while also serving non-profit commercial organizations and educational service providers to the States. -United.
Pushpay is an award winning company. For more information, visit www.pushpay.com/investors/awards.
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