Education fintech NexPay announces Board appointments including Chair and Chief Risk Governance Officer

NexPay, an Australian founded and renowned leader in global education payments, has announced the appointment of several key executive Board roles including seasoned financial services and technology veteran, David Jonhstone, as Non-Executive Chair, Rajesh Yohannan, the current CEO of Axi Corp, as a Non Executive Board Director, and Clive Wilson, former RBA and big four senior banking executive, to the newly created role of Chief Risk & Governance Officer.

Founded in 2011 NexPay is now the leading global payment solutions platform specialising in secure, fast and cost-effective cross-border education payments and remittances, having helped more than 100,000 students and education businesses across 200 countries complete payments amounting close to 500 million dollars.

The key executive Board appointments follow an impressive 75% YoY growth in FY22/2023 as the company plans for expansion into key international markets including South East Asia, China, India, and Nepal in 2024.

David Johnstone, who is also Chair of Envirosuite (ASX:EVS), brings more than 35 years of experience in financial services and emerging technologies, with extensive merger & acquisition and IPO experience in the UK and Australia. His previous stints include Cooper Investors, Kepa Financial Services, GPS Wealth, Pacific Environment, and Centrepoint Alliance (ASX:CAF).

David Johnstone, said, “I am honoured to take on the role of Chair at such a pivotal moment in NexPay’s strong growth trajectory. The road ahead is laden with opportunities, and I am committed to steering NexPay towards a future of global recognition and enhanced service delivery.”

NexPay CEO Piew Yap (pictured) said, “Welcoming a Chair of David’s calibre and experience is a significant win for NexPay and a testament to our company’s growth. Along with being a trusted advisory board member for over two years, his extensive know-how in funds management and listed entities is a tremendous asset for NexPay as we now look to navigate an exciting journey of international expansion.”

“As a payments company, risk and compliance is one of the key pillars of NexPay. The appointment of Clive Wilson as Chief Risk & Governance Officer fortifies our commitment to maintaining the highest standards of risk management and corporate governance, particularly as we look to venture into new, international markets.

“Rajesh Yohannan’s leadership at Axi Corp has notably steered the company towards substantial growth and market prominence and we’re delighted to welcome him to the NexPay board.

“His in-depth understanding of financial markets and regulatory frameworks, coupled with his proven track record in leading high-growth financial enterprises, uniquely positions him to contribute to Nexpay’s plans for expansion into global markets, while enhancing its digital payment solutions.”