Ripple Labs is thrilled to welcome Bret Allenbach as as Chief Financial Officer. Bret is a twenty-year industry veteran with experience at PayPal, where he was CFO of Payments, as well as Visa as a VP of Finance. At PayPal, Bret helped develop a finance risk model that took the company to the next level.
“Bret adds a wealth of front-line experience and analytical prowess to our growing bench of cryptography, security, fintech and banking specialists,” said Ripple Labs CEO and co-founder Chris Larsen.
“Having architected a financial risk model for PayPal’s payments business that helped catapult PayPal from a multi-million dollar enterprise to a multi-billion dollar one, Bret has a proven track record as a key growth driver and strategist for fintech companies navigating new territory. He will be instrumental in charting and propelling Ripple Labs’ next phase of growth.”
Prior to PayPal and Visa, Bret worked in finance related roles with the World Savings and Loan Association, the Federal Home Loan Bank of San Francisco, and the Pacific Gas and Electric Company.
“I am thrilled to be a part of the incredible Ripple Labs team that is modernizing the world’s payments infrastructure,” said Bret.
“In providing payments services to people and businesses throughout my career, I’ve experienced first-hand the inefficiency and inaccessibility of today’s settlement infrastructure. I look forward to engaging with the team and helping to support our grand vision of enabling an Internet of Value.”