Roy Banks
InvestorVenture Partner at Pelion Venture Partners
Utah
Writes $2M – $6M checks · typically $4M
About
Roy Banks is Chief Executive Officer at Nexio/CMS (Complete Merchant Solutions) and a five-time CEO with over 25 years of leadership experience across public and private companies. A U.S. Navy veteran, he has held executive positions in sales, marketing, finance, operations, and product development, with experience in IPOs, mergers and acquisitions, and channel distribution across fintech, SaaS, payment processing, and eCommerce sectors. Throughout his career, Banks has been responsible for generating approximately $4 billion in investor and shareholder value.
Experience
- Nexio / CMS (Complete Merchant Solutions)Chief Executive Officercurrent2023 — presentProvo, Utah, United States
- Pelion Venture PartnersVenture Partner2023Salt Lake City, Utah, United States
- OportunMember Board of Directors2021 — 2023
- NexioMember Board of Directors2015 — 2023Provo, Utah, United States
- n/aConsultant, Board of Director, Mentor, Advisor2022 — 2023
- Weave HQChief Executive Officer2020 — 2022Lehi, Utah, United States
- Truckstop.comPresident and Board Member2018 — 2019Boise Metropolitan Area
- Network Merchants, LLC.CEO2014 — 2018Pleasant Grove, UT
- Great Hill PartnersExecutive in Residence - Great Hill Partners2013 — 2014Highland, UT
- OpenEdge Payments (formerly Accelerated Payment Technologies)CEO2008 — 2013Pleasant Grove, UT
- Authorize.NetPresident1999 — 2008
- PowerQuestDirector of Market Development1996 — 1999Orem, Utah, United States
- WordPerfect Corporation | Novell | CorelSoftware Engineer and Product Marketing Manager1992 — 1996Orem, Utah, United States
- UNITED STATES DEPARTMENT OF THE NAVYPetty Officer 2nd Class: Software Engineer1987 — 1992
Education
- Utah Valley UniversityBachelors, Business Management
Skills & more
Initial Public Offerings (IPO) · Private Equity · FinTech · CEO · Mentoring · Strategy · SaaS · Board of Director experience · Mergers and Acquisitions · Leadership · Public Speaking, e-commerce1Initial Public Offerings (IPO) · Private Equity · FinTech · CEO · Mentoring · Strategy · SaaS · Board of Director experience · Mergers and Acquisitions · Leadership · Public Speaking1Initial Public Offerings (IPO) · Private Equity · FinTech · CEO · Mentoring · Strategy · SaaS · Mergers and Acquisitions · Leadership · Public Speaking1Initial Public Offerings (IPO)Private EquityFinTechCEOMentoringStrategyPayment Card Processing6SaaS3Board of Director experience5
+12 more
E-commercePaymentsStrategic PlanningProduct ManagementCredit CardsFinancial ForecastingInvestor RelationsManufacturingOperations ManagementCorporate DevelopmentPublic RelationsProduct MarketingFrom Roy's professional profile.
Colleagues at Pelion Venture Partners
Abdou Ndao
Associate at Pelion Venture Partners
Ally Hunter
Associate at Pelion Venture Partners
Ben Lambert
Partner at Pelion Venture Partners
Blake Modersitski
Managing Partner, Pelion VP at Juvo Ventures
Brian Murphy
Senior Advisor at Pelion Venture Partners
Chad Packard
Partner at Pelion Venture Partners
Chris Cooper
Partner at Pelion Venture Partners
Daylor Youngblood
Senior Associate at Pelion Venture Partners
Frequently asked questions
- Where does Roy Banks work?
- Roy Banks is Venture Partner at Pelion Venture Partners.
- What check size does Roy Banks write?
- Roy Banks typically writes checks of $2M – $6M.
Same school
Also attended Utah Valley University14
Ryan WestWoodInvestor at EPIC VENTURESJackson ScoresbyAssociate at PHX VenturesGrace EricksenFinance at Campus Founders FundBennett ScoresbyAssociate at PHX VenturesSterling SnowVenture Partner at Pelion Venture PartnersMason BiglerManaging Director Internal at BYU Cougar Capital
+ 8 more
Shared employers
Also worked at Pelion Venture Partners20
Erika NashInvestor at Next Frontier CapitalBen DahlGeneral Partner at Signal Peak VenturesPhil WilliamsPartner at Signal Peak VenturesBlake ModersitskiManaging Partner, Pelion VP at Juvo VenturesBen LambertPartner at Pelion Venture PartnersChad PackardPartner at Pelion Venture Partners
+ 14 more
Also worked at Nexio1
Also worked at Weave HQ18
Tyler NewtonManaging Partner at Catalyst InvestorsBlake ModersitskiManaging Partner, Pelion VP at Juvo VenturesMatt HillarySecurity Advisor at Modern TechnicalBrian FeinsteinPartner at Bessemer Venture PartnersPhil BoyerPartner at Crosslink CapitalNimay MehtaManaging Partner at Lead Edge Capital
+ 12 more



































