Board of Directors

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Payveris is backed and supported by a strategic thinking advisory board whose extensive experience adds value to our mission of keeping the FI at the center of commerce.

David Dame

Operating Partner of Sorenson Capital (Chairman of the Payveris Board)

Mr. Dame has almost 30 years of operating, consulting and investing experience. His operating career includes executive P&L positions and functional leadership roles in sales, marketing, R&D and services for multiple entities ranging from $20 million to billion dollar entities.

 As a consultant, he co-founded a multi-million dollar Strategy Consulting business where he applied management consulting and information engineering disciplines to uncover the root causes of strategic business issues and develop solutions. As an investor, he is currently a MD of Sorenson Capital. He was also a Partner with KPP, a $700 million private investment group. He has also worked as a Managing Director at Huntsman Gay Global Capital and was a Managing Director at KVP, a technology growth equity fund with $175 million under management.

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Louis Hernandez

President and CEO of Avid Technologies, Banking Industry Advocate and Technologist

Mr. Hernandez is President and CEO of Avid technologies, and the former Chairman and CEO of Open Solutions. Under his leadership, the company has grown from a start-up to its sale in 2012 to Fiserv of approximately $1.1B, with award winning products which have made it a recognized growth leader and disruptor in the industry.

He has funded, led and advised companies primarily focused on disruptive technologies. He is a recognized banking industry leader, technologist, entrepreneur, thought leader and frequent speaker. He currently serves as a director of HSBC North America Holdings Inc., lead director of Avid Technologies and Scorebig, Inc. He is the author of two highly acclaimed books on the role our technology and financial institutions play in economic development and has received numerous awards for his technology innovation, entrepreneurship and leadership, including his induction into Bank Technology News “Leadership Hall of Fame.”

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Ron Bergamesca

Chief Executive Officer of Payveris

Ron is a proven leader in digital payments with an impressive track record of growing and scaling financial technology companies.

He spent over a decade at Online Resources (ORCC) in a variety of executive positions including Executive Vice President and General Manager of its Banking division, which provided digital banking and payment services to over 900 banks and credit unions and their 3 million users. During his tenure, the company grew from $4 million to $160 million in revenue. Most recently, Bergamesca was Chief Marketing Officer at Destination Rewards, an enterprise loyalty company, servicing top-tier companies including Citibank, Verizon Wireless, and Allstate. During his three-year tenure the company grew from $35 million to $85 million.

Prior to joining the financial technology industry, Ron honed his operating and marketing skills at Cendant, where he ran the country’s largest credit card protection program, and as a general manager at MBI, a $350 million direct marketing company, where he headed each of the functional areas in his division.

Ron received his Master of Business Administration degree from MIT’s Sloan School of Management and a Bachelor of Science in Mechanical Engineering from Lafayette College.

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Victor Budnick

Managing Director of Ironwood Capital

Victor joined Ironwood Capital in 2006 with a focus on early and growth stage companies, including both equity and venture debt investments. In 2010 he co-founded Ironwood Capital Connecticut, which manages capital focused on financings in Connecticut companies.

Victor leads the effort to invest those funds across the capital spectrum in companies at various development stages. Since 2007, he has been a partner and member of the investment committee for the firm’s equity fund with a primary focus on growth capital and mezzanine investments in expansion stage businesses. For over 10 years, Victor was the President and Executive Director of Connecticut Innovations, the State of Connecticut’s investor in emerging technology companies and a national model for public investment in the health care and technology sectors, achieving returns commensurate with its most successful private sector peers. Throughout his investment career, he has served as a board member or participated as a board representative and advisor to more than 50 companies. From 2010 to 2011 he served as the initial Lead Venture Mentor at the Yale Entrepreneurial Institute and helped create the venture mentoring program. He continues as a member of the YEI Operating Board. He has received the Connecticut Technology Council’s 2011 Technology Leadership Award for contributions to the technology community, including introducing direct public investment in emerging technology companies in Connecticut. He is a recipient of the Connecticut Venture Group Leadership Award in recognition of his contributions to the Connecticut technology and venture communities and of the Seton Elm Award in recognition of efforts to strengthen ties between Yale University and the City of New Haven.

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Peter Longo

Senior Managing Director, Investments with Connecticut Innovations, Inc.

Peter has held numerous positions with Connecticut Innovations for over the past 19 years. He is currently responsible for evaluating investment opportunities, structuring investments and monitoring portfolio companies at CI. He is involved with numerous portfolio company boards including: Payveris, Continuity Control and NovaTract.

Peter’s past CI investments include: Achillion Pharmaceuticals (IPO), CYA Technologies (acquired by enChoice), NeuVis (acquired by Rational Software), Nufern (acquired by Rofin-Sinar), Cardium Health (acquired by Centene), SilverSky and Post-N-Track. Mr. Longo also serves on the board of the YEI Innovation Fund, the UConn Prototype Fund and serves on the UConn Patent review committee.

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Nicholas Cayer

Principal with Boston-based Great Hill Partners

Nick is a seasoned growth equity technology investor, primarily to financial technology and software businesses.    

At Great Hill Partners, he is responsible for originating and evaluating investment opportunities in the financial technology, business and consumer services, and software sectors. He currently serves on the board of directors of AffiniPay, Chrome River Technologies, NMI, Vanco, and BlueSnap. He formerly served on the boards of Accelerated Payment Technologies, PayChoice, and FirstCall Healthcare, and as an observer of Custom House, PayCycle, Neovest and MMV Financial. In addition to his investment in Payveris, Nick was a personal investor in SmartTuition and is a current investor SmartCare and DipJar.

Prior to joining Great Hill Partners, Nick was an associate at CCP Equity Partners, a growth equity capital provider to financial services and health care services companies. Prior to CCP, he was an associate at GE Commercial Finance’s National Restructuring and Retail Finance Group, where he was involved in executing and managing senior secured, second lien and distressed debt transactions.

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Howard Mergelkamp

Managing Partner Mosaik Partners, LLC

Howard has over 20 years of investment banking, private equity, operating and corporate law experience in financial technology, electronic payments and financial services.

As a founding member of Corporate Ventures and Advisory Services at BlackRock, Inc., Howard advised on proprietary investments and third-party mergers and acquisitions in financial technology. As a Senior Vice President at Regulus Group LLC (a payments portfolio company of Liberty Partners) he led strategic planning, mergers and acquisitions, and corporate restructuring. Howard’s advisory experience includes investment banking at Merrill Lynch & Co. focusing on mergers and acquisitions and corporate finance in electronic payments and financial technology, and corporate law at Wachtell, Lipton, Rosen & Katz and Cravath, Swaine & Moore focusing on mergers and acquisitions in banking, asset management, insurance and consumer finance. Howard has advised on over $156 billion of strategic transactions across 91 completed deals of all types and structures, working with executive management teams and boards at companies with market capitalizations from $1 million to $43 billion.

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Raju (Raj) Shivdasani

Former Chief Executive Officer of Harland Financial Solutions

Raju (Raj) is an experienced financial technology executive with 42-years of executive level experience running large technology companies. He has strong skills in strategic planning, business execution and in driving growth organically and through mergers and acquisitions. He is currently involved in investing, advisory and mentoring activities.

Until August 2013, Raj was the chief executive officer of Harland Financial Solutions, a subsidiary of Harland Clarke Holdings Corporation and a leading US financial technology company which was sold to D+H of Toronto. Prior to the sale, he steered the growth of a highly profitable HFS business employing 1,350 associates in 18 offices and marketing 17 major banking product lines to some 6,000 national and international banks, savings institutions and credit unions.

Earlier roles in Raj’s career have included President and Chief Operating Officer of Phoenix International, group Executive Vice President of Fiserv’s bank services sector, President of Fiserv CBS Worldwide and senior management positions at Citicorp Information Resources, a subsidiary of Citibank that was sold to Fiserv in 1991. He also co-founded Vista Financial Systems which was sold to Geac Computers.

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