Former RBC COO Accepts Role As Payfare CEO

New CEO: Chris Seip

Payfare, Inc. (“Payfare” or the “Company”),a global fintech startup providing mobile banking and instant payment solutions for today’s new workforce is pleased to announce that Chris Seip, former COO of RBC Investor & Treasury Services has signed on as Chief Executive Officer.   

In 2016 Mr. Seip retired as Global Chief Operating Officer and Head of Investor and Treasury Market Services for RBC, Canada's largest bank as measured by assets and market capitalization, and among the largest banks in the world, based on market capitalization.  From 2012, Mr. Seip oversaw the global management of deposit-taking, liquidity management and short-term funding as well as foreign exchange, securities lending and asset management (USD$50+ billion liquidity portfolio and USD$40+ billion of liability insurance plus USD$100 billion of intraday liquidity for RBC).  Prior to this, Chris held other senior-level positions at RBC and RBC Capital Markets over his 16+ year career with the bank.

Chris has mentored early-stage tech companies in Canada and the UK through pre-accelerator programs in the payments, lending and health care segments.  He is also actively involved in multiple charities.   Mr. Seip holds a Masters of Business Administration from McGill University, a Bachelor of Arts, Economics from the University of Western Ontario and holds a Chartered Financial Analyst designation.

As CEO, Chris will assist with Payfare’s financing facilities operations and play an instrumental role in guiding the Company’s execution and growth strategies globally.