Daniel Spence Biography and Net Worth

Co-Founder, Director, Chief Information Officer/CTO of Paysign

Mr. Spence serves as our Chief Information Officer and has served as a director since March 2006. Mr. Spence is responsible for the design and architecture of the Paysign^® payments platform. Prior to founding Paysign, Inc. with co-founder Mark Newcomer, Mr. Spence was Director of Technology Planning at The Associated Press, the world’s largest news gathering organization with over 4000 employees in 227 countries. In 2007-2008, he was Project Manager for the implementation of Medicare Easyclaim for ANZ Bank in Australia. Easyclaim allows patients and medical practitioners to lodge Medicare claims using the existing EFTPOS infrastructure. In 2010-2011 he was Business Analyst on the EFT and Banking Stream that was responsible for the upgrade of POS Terminals to EMV capability for Australia Post. From 1984-1994, Mr. Spence was with Coca-Cola in Australia implementing financial and line of business systems for Coca-Cola operations worldwide. During his time at 3PEA he has designed and developed EFTPOS terminals, Secure Key Injection Systems, EFT Processing Systems, Card Management Systems and Web Services for the company. He has certified several financial interchanges in the ISO8583 and AS2805 standards to various EFT networks in the United States and Australia. He has been employed in senior IT roles for over 30 years with more than a decade in payments processing.

What is Daniel Spence's net worth?: The estimated net worth of Daniel Spence is at least $47.92 million as of September 30th, 2024. Mr. Spence owns 8,990,000 shares of Paysign stock worth more than $47,916,700 as of December 4th. This net worth approximation does not reflect any other assets that Mr. Spence may own. Learn More about Daniel Spence's net worth.
How do I contact Daniel Spence?: The corporate mailing address for Mr. Spence and other Paysign executives is 2615 St. Rose Parkway, Henderson NV, 89052. Paysign can also be reached via phone at (702) 453-2221 and via email at [email protected]. Learn More on Daniel Spence's contact information.
Has Daniel Spence been buying or selling shares of Paysign?: Daniel Spence has not been actively trading shares of Paysign within the last three months. Most recently, Daniel Spence sold 100,000 shares of the business's stock in a transaction on Monday, September 30th. The shares were sold at an average price of $3.76, for a transaction totalling $376,000.00. Following the completion of the sale, the insider now directly owns 8,990,000 shares of the company's stock, valued at $33,802,400. Learn More on Daniel Spence's trading history.
Who are Paysign's active insiders?: Paysign's insider roster includes Jeffery Baker (CFO), Daniel Henry (Director), Joan Herman (EVP), Matthew Lanford (COO), Bruce Mina (Director), Mark Newcomer (CEO), Daniel Spence (Co-Founder, Director, Chief Information Officer/CTO), and Robert Strobo (Insider). Learn More on Paysign's active insiders.
Are insiders buying or selling shares of Paysign?: During the last twelve months, Paysign insiders bought shares 2 times. They purchased a total of 29,884 shares worth more than $117,732.64. During the last twelve months, insiders at the sold shares 20 times. They sold a total of 1,401,689 shares worth more than $5,417,203.90. The most recent insider tranaction occured on August, 4th when CEO Mark Newcomer sold 62,158 shares worth more than $440,700.22. Insiders at Paysign own 22.4% of the company. Learn More about insider trades at Paysign.
Information on this page was last updated on 8/4/2025.

Daniel Spence Insider Trading History at Paysign

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
9/30/2024	Sell	100,000	$3.76	$376,000.00	8,990,000
9/27/2024	Sell	100,000	$3.60	$360,000.00	9,090,000
3/27/2023	Sell	200,000	$3.33	$666,000.00	9,190,000
10/4/2019	Sell	96,219	$11.20	$1,077,652.80
9/24/2019	Sell	23,781	$11.01	$261,828.81

Daniel Spence Buying and Selling Activity at Paysign

Paysign Company Overview

Paysign, Inc. provides prepaid card programs, comprehensive patient affordability offerings, digital banking services, and integrated payment processing services for businesses, consumers, and government institutions. Its product offerings include solutions for corporate rewards, prepaid gift cards, general purpose reloadable debit cards, employee incentives, consumer rebates, donor compensation, clinical trials, healthcare reimbursement payments and pharmaceutical payment assistance, and demand deposit accounts accessible with a debit card. The company markets its prepaid card solutions under the Paysign brand. Its primary market focus is on companies and municipalities that require a streamlined payment solution for rewards, rebates, payment assistance, and other payments to their customers, employees, agents, and others. The company was formerly known as 3PEA International, Inc. and changed its name to Paysign, Inc. in April 2019. Paysign, Inc. was incorporated in 1995 and is headquartered in Henderson, Nevada.

Today's Range

Now: $5.33

$5.24

$5.37

50 Day Range

MA: $5.45

$4.99

$6.34

2 Week Range

Now: $5.33

$1.80

$8.88

Volume

269,882 shs

Average Volume

467,924 shs

Market Capitalization

$293.36 million

P/E Ratio

41.00

Dividend Yield

N/A

Beta

0.93