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Retired Mastercard Chief Transformation Officer Kevin Stanton Joins Mazepay Board



Stanton, who has also served as Chief of Mastercard Data & Services and Mastercard Canada President, will play a vital role in accelerating North American growth and expanding partnerships for Mazepay.


COPENHAGEN, DENMARK. Mazepay, a Danish fintech platform that simplifies long-tail procurement and B2B payments, has appointed retired Mastercard Chief Transformation

Officer Kevin Stanton to its board of directors.


The appointment comes at a crucial time for Mazepay, which has grown its ARR by 237% in 2023, with Stanton to accelerate growth and expand partnerships across North America and Europe.


Stanton brings a wealth of experience and strategic insight to Mazepay, having served

across numerous senior roles at Mastercard for over two decades. While at the

payments giant, Kevin was pivotal in developing and leading its global, data-driven

services strategy, propelling it to the forefront of payments and services innovation. As

Chief of Mastercard Data & Services, he transformed the business unit into a thriving

entity that contributed significantly to Mastercard top- and bottom-line growth.


Stanton’s leadership and innovative mindset were further highlighted in his role as

Mastercard Chief Transformation Officer, where he spearheaded efforts to adapt the

company’s operating models and systems to meet the challenges of a rapidly evolving

global landscape. He ensured the company’s sustained growth, value creation, and

relevance to customers.


Kevin has also served as President of Mastercard Canada, and VP, Senior Counsel of

Mastercard US & Canada.


Kevin Stanton comments: “There’s no greater professional experience than working with

people who share a passion for transforming lacklustre, traditional approaches to

ecosystem opportunities by using technology to drive customer value and scale. For

that reason, I am delighted to have joined the board of Mazepay. From my first

conversation with the founding team I’ve been deeply impressed with what they’ve

already accomplished, but what is most exciting is what’s ahead. I’ll leverage my

experience and broader network to help accelerate growth and partnerships across

North America and Europe and beyond.”


“We are thrilled to welcome Kevin to the Mazepay board,” said Søren Aabel Hammer,

CEO of Mazepay. “His exceptional track record, deep understanding of data-driven

strategies, and ability to navigate complex global business environments make him an

invaluable asset to our team. Mazepay is growing, and Kevin's extensive industry

knowledge and experience will help accelerate our growth journey as we expand across

North America and beyond. His connections and experience will be vital in establishing

new partnerships with leading commercial banks.”


Kevin Chong, Co-Head at Outward VC, adds: “One of the hardest things for all startups,

but particularly those within highly technical and regulated industries such as payments,

is finding and attracting experienced visionaries who can deliver company-defining

counsel and networks. Expansion to North America represents an important inflection

point for Mazepay. Kevin Stanton’s involvement will play a major role in it reaching its

goal of simplifying payments for all large enterprises globally.”


Terkel Douglas, Investment Associate at Scale, further comments: “Kevin Stanton’s

addition to the Mazepay board marks a significant milestone in the company’s journey

towards revolutionising payment processes. From the first meeting, Kevin has

demonstrated a remarkable ability to understand and tackle complex business

decisions, in a way only someone with his extensive and successful career could.”


Press Release by Nara Communications

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