Mark Connolly

Resume

Enterprise sales and commercial leader with 17+ years of experience scaling high-growth platform businesses across fintech and financial services in APAC and global markets.

Professional Experience

WAAVE / BANKED (post acquisition)

Co-Chief Executive Officer

WAAVE / BANKED (post acquisition)· APAC & UAE

Dec 2024 – Present

Global payments network powering real-time payments across UK, US, EU, and APAC. Executive lead in APAC on the global leadership team.

  • Shaped AI-driven agentic commerce and Pay by Bank solution design for Amazon PoC supporting enterprise-scale deployment strategy and executive partnerships.
  • Secured ~$10M in 2025 SoW's with National Australia Bank — structured two-part build vs. run-and-support pricing model locking in predictable recurring revenue.
  • Commercialised UAE Open Finance GTM strategy within 3 months — deep market research, regional conferences, partner/regulator relationships accelerating Middle East expansion.
WAAVE

Co-Founder, CEO

WAAVE· APAC & US

Jul 2022 – Present

Founded and scaled an open banking Pay by Bank platform from zero to $5M seed funding and strategic acquisition by UK-based Banked.

  • Built and led Waave from idea to live product in 12 months — 25+ person cross-functional team, executive team, and advisory board.
  • Launched Australia's first biometrically secured Pay by Bank wallet — 20+ enterprise merchants, $1M+ processing volume, Canstar Innovation Excellence Award 2024.
  • Negotiated three-way partnership (Chemist Warehouse × ShopBack × Waave/Banked) for Australia's first national in-store Pay by Bank — 3M+ ShopBack users across 2,500+ merchants.
  • Built commercial performance infrastructure from scratch — 15 revenue/margin/health metrics across 3 executive dashboards.
  • Engineered land-and-expand with Wendi insights product — 10k+ users in 3 months at ~$1.70 CAC using open-banking UX experiments and national TV coverage.
  • Architected first international Pay by Bank expansion with Brazilian Open Finance provider Iniciador for iFood — six-month build-to-production program.
  • Instituted data-driven sales rhythm — forecast accuracy to ~75%, conversion from qualified opportunities to signed deals improved ~30% within 12 months.
  • Primary liaison to central bank, Treasury, and banking partners — first Open Banking-powered payment platform, accreditation-to-launch window mid-2022 to early 2023.
  • Directed investor-grade financial models for Series A preparation with Sequoia, Iconiq, SquarePeg — supporting successful acquisition outcome.
  • Designed tokenised Coke Pay ecosystem bridging card rails to real-time settlement — path to shift 10–20% of regional volume off cards over 2–3 years.
  • Incubated two open-banking data risk models: Clearance Risk Minimisation (111-hour gap to <1% retries) and Data Anatomy model powering the Wendi insights product.
Adyen

Senior Vice President, Sales & Platform Commercial Lead

Adyen· APAC

Apr 2020 – May 2022

Owned regional APAC commercial strategy and execution for enterprise platforms, hospitality, and QSR segments.

  • Contributed ~$60M+ ARR from global multinational merchants — APAC as one of Adyen's fastest-growing regions contributing 11% of global net revenue.
  • Led Adyen for Platforms APAC commercial launch — signed Oolio (~$1B+ TPV), Next Order including Adyen Capital.
  • Selected as one of five global facilitators for Adyen Academy — advanced commercial training for 90+ new hires and 15+ managers.
  • Secured Australia's Financial Services Licence as founding Responsible Manager — zero significant compliance findings.
Adyen

Vice President, Sales

Adyen· APAC

Oct 2015 – Mar 2020

Strategic APAC hire launching the Australian business from market entry.

  • Launched Australian business — office setup, recruiting, coaching, grew APAC team from first hire to 42 FTE, $50B transaction volume, >100% revenue growth in early years.
  • Acquired enterprise portfolio generating ~$25M ARR — reference customers including Canva, Chemist Warehouse, Hungry Jack's.
  • Won Canva from global competitor — scaled from 1M+ to 10M+ monthly recurring transactions over four years, 10x revenue growth.
  • Grew Chemist Warehouse online TPV from ~$100M to ~$600M within 2 years, cutting payment costs ~30%, leading to $6B TPV in-store opportunity.
  • Signed Hungry Jack's ~$1.6B omnichannel processing mandate — profiled in Australian Financial Review.
  • Built strategic partnerships with Apple, Google, BNPL providers (Afterpay, Zip), and card networks (Visa, Mastercard) — 10+ wallets and APMs.
NAB, St.George (Westpac), CBA

Senior Banking Roles

NAB, St.George (Westpac), CBA· Australia

2009 – 2015

Progressively senior banking and lending roles managing diversified retail and corporate client portfolios.

  • 125%+ to plan across all banking and lending roles.
  • Promoted to Senior Manager within NAB — led two specialists, overseeing transactional banking and portfolio growth.
  • NAB Star100 — top 5% nationally among ~40,000 colleagues.
  • Selected for NAB's 18-month Group Talent Pool (400 leaders nationally) — pipeline to General Manager roles.

Core Competencies

Go-to-Market & Commercialisation

Enterprise GTM across SaaS, PaaS and AI — market selection, pricing, sales enablement, partnership-led growth.

Enterprise Sales & Execution

P&L ownership, pipeline governance, complex enterprise deal cycles — AI, API-first platforms, digital payments.

Cross-Functional Leadership

Builds and scales Sales, Product, Marketing, Compliance teams — data-driven cadence for predictable growth.

Regulatory & Risk Governance

AFSL, CDR, AML, AUSTRAC-compliant frameworks — aligns governance, product, and commercial strategy.

Strategic Partnerships

Enterprise and startup ecosystems — C-suite and venture collaborations driving co-marketing and product adoption.

Technology & Tools

Salesforce, Looker, Mixpanel, Jira, Figma, Payment APIs (Adyen, Stripe, Visa, Mastercard), AI tools (OpenAI, Anthropic).

Education & Licences

BSc Finance

North Park University, Chicago, IL

AML/CTF Compliance Officer

AUSTRAC — Waave (2025–2026)

Open Banking Licence — Consumer Data Right (CDR)

ACCC & OAIC — Waave (2022)

Responsible Manager — AFSL

ASIC — Adyen (2021)

Tier 2 Deposit Products & Non-Cash Payment Facilities

NAB (2013)

Lending Delegated Risk Authority (DRA)

APRA-regulated — St.George (2010)