Nationally recognized payments technology innovator to lead the company into next growth phase and oversee new Silicon Valley office

DENVER, CO – OCTOBER 10, 2012 -PaySimple, the leading provider of cloud-based automated payments and receivables solutions for small businesses, announced today that Andrew Lanthier has joined the company as Chief Technology Officer. Lanthier will help the company further grow its leadership in providing cloud-based financial tools to small- and mid-sized businesses. Lanthier also will head the company’s new office in the San Mateo, California.

Lanthier joins PaySimple after holding leadership roles in payments technology since 1999, most recently after seven years in senior positions at PayPal [NYSE: EBAY], where he was named one of three select Technology Fellows. At PayPal, Lanthier held several key roles including running Architecture and Strategy for PayPal’s global infrastructure, servicing 100 million active consumers and merchants. He also oversaw day-to-day operations managing 200 technology professionals across multiple practices including storage, network, systems and database. Before PayPal, Andrew held senior engineering roles at Inovant, a Visa Company.

“Andrew is a tremendous addition to the PaySimple team at an exciting time in the company’s growth trajectory,” said Eric Remer, PaySimple’s CEO. “In Andrew, we gain a technology and operations leader with more than a decade of experience innovating in the payments tech sector, and we are thrilled to be opening our second office in the Silicon Valley under Andrew’s leadership.”

“I am delighted to join PaySimple at a real inflection point at the company,” said Lanthier. “I am extremely impressed with the leadership team and the company culture, and it’s clear that given the penetration the company has achieved in its first years, PaySimple is poised for the kind of growth I’ve witnessed at other points in my career. I look forward to being a part of that step change.”