New CEO of PayEx

The Board of directors of PayEx has appointed Linus Singelman as the new CEO for PayEx, planed from October 1st. Linus is today heading Group Commerce in Swedbank and will also, besides the role as CEO, be Head of Swedbank Pay, a business unit within PayEx.

The business in PayEx will be run in two business units under separate brands - Swedbank Pay and PayEx Ledger & Factoring. By combining expertise and resources in PayEx, we will increase our focus on our payment services to merchants and benefit from the competence and offerings in PayEx Ledger & Factoring. Raymond Klavestad, today CEO, will remain in the company as deputy CEO. Raymond will also be responsible for the business unit Ledger & Factoring.

- The appointment of Linus Singelman is a natural step in the work of coordinating Swedbank and PayEx payment solution for merchants and strengthen our customer offering. I am pleased that Linus has accepted the assignment and that he will continue the successful work that he has done with Group Commerce, says Leif Karlsson, Chairman of the Board of directors in PayEx.

- It´s both exciting and challenging to take on this assignment. To gather our payment solution for merchants in one business will be crucial for our success in creating smart and convenient payment solutions and an increased customer experience, says Linus Singelman.

Other information
The appointment of Linus Singelman as CEO of PayEx is subject of approval from Swedish FSA.

For more information, please contact
Maria Frändegård, press contact PayEx, Tel +46 709187018

PayEx is a payment service provider owned by Swedbank that comprises a number of companies with around 500 employees in four countries: Sweden, Norway, Denmark and Finland. PayEx offers payment solutions for online, mobile and physical trading (retail) as well as administrative services related to invoicing, ledger-handling and debt collection. PayEx also provides financial services such as factoring, part-payments and loans.