Series A lead investor, SixThirty names Commerce
Bank CFO Chuck Kim to their
PayGround board seat
GILBERT,
Ariz., Feb. 6, 2024 /PRNewswire/
-- PayGround, a healthcare fintech payments platform, today
announced the addition of Chuck Kim,
Executive Vice President and Chief Financial Officer of Commerce
Bancshares, Inc., to its Board of Directors. Commerce
Bank enjoys a leadership position in healthcare banking,
payments and financial solutions. PayGround's Series A lead
investor, SixThirty, appointed Kim to assume its board
seat, bringing his experience and leadership to PayGround as it
enters the next stage of growth.
Kim, who joined Commerce in
1989, has corporate responsibility for all of the company's
financial functions. He also oversees the bank's consumer segment,
technology and enterprise operations, marketing, strategic planning
and the company's private equity subsidiary, Capital for
Business.
"Commerce Bank has served consumers and businesses for nearly
160 years because we take the time to understand our customers'
needs and offer unique solutions to meet them," Kim said. "Taking
an innovative approach to an old problem can make a difference in a
business and in the lives of our customers. That's what I enjoy
about our relationship with SixThirty and why I am personally
looking forward to working with PayGround as they simplify
healthcare payments for everyone."
"We are thrilled to have Chuck
Kim join PayGround's Board," says Drew Mercer, PayGround's chief executive
officer. "Chuck brings a tremendous amount of experience in
finance, healthcare and consumer markets, which are all essential
to PayGround. In our few short interactions so far, Chuck has
already made meaningful contributions internally within our Board
team, and externally with key stakeholders."
About PayGround
PayGround is a healthcare payments
platform that streamlines the payment experience for providers and
patients. For individuals and families, it's an easy-to-use mobile
app to manage, track and pay all medical bills in one secure place.
For medical providers, it's a modernized payment platform that
reduces costs, simplifies internal processes and boosts patient and
employer satisfaction. Welcome to PayGround, the meeting place for
healthcare payments. Learn more at www.payground.com.
About Commerce Bancshares, Inc.
With $31.7 billion in assets1, Commerce
Bancshares, Inc. (NASDAQ: CBSH) is a regional bank holding company
offering a full line of banking services through its subsidiaries,
including payment solutions, investment management and securities
brokerage. One of its subsidiaries, Commerce Bank, leverages nearly
160 years of proven strength and experience to help individuals and
businesses solve financial challenges. In addition to offering
payment solutions across the U.S., Commerce Bank currently operates
full-service banking facilities across the Midwest, including the
St. Louis and Kansas City metropolitan areas, Springfield, Central
Missouri, Central Illinois,
Wichita, Tulsa, Oklahoma City and Denver. It also maintains commercial offices
in Dallas, Houston, Cincinnati, Nashville, Des
Moines, Indianapolis and
Grand Rapids. Commerce delivers high-touch service and
sophisticated financial solutions at regional branches, commercial
offices, ATMs, online, mobile and through a 24/7 customer service
line. Learn more at www.commercebank.com.
1As of December 31,
2023
About SixThirty
SixThirty is a global venture capital
firm that invests in early-stage enterprise technology companies at
the intersection of finance, health, and privacy. Its platform
brings start-ups and incumbents together to collaborate, creating a
force multiplier for both. SixThirty's limited partners are
category leading incumbents from across financial services,
insurance, healthcare, and enterprise technology. Learn more at
www.sixthirty.co.
Media Inquiries: Jana Berrelleza,
jana@payground.com
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SOURCE PayGround