NEW YORK, NY — Today, Flexa announced that Daniel McCabe is transitioning from his role as chief executive officer. Trevor Filter, one of Flexa’s cofounders, has been selected to become Flexa’s new chief executive officer, and Upneet Teji, Flexa’s chief legal officer, will additionally transition into the role of President. This transition was unanimously approved by Flexa’s board of directors and is designed to bolster the company’s posture heading into its next operating phase, which is focused on regulated money movement of crypto and stablecoins, best-in-class compliance execution and customer delivery, and expanded adoption of crypto–fiat payments infrastructure.

To support a smooth transition, McCabe will continue to advise the company through July 15. Over the past four years, he led Flexa through one of the most challenging regulatory periods in the history of the blockchain and digital assets industry, helping to establish, preserve, and strengthen the company’s regulated infrastructure, commercial relationships, customer base, and long-term strategic positioning. With that chapter complete, Flexa is now positioned to execute on a broader and more impactful product strategy than ever before.

“It has been one of the greatest privileges of my career to help lead Flexa through such a critical period in the company’s history,” said Daniel McCabe, Flexa’s outgoing CEO. “I am deeply grateful to the Flexa team, our partners, and the many people across the digital asset ecosystem who have shared in our belief that payments can be faster, fairer, and more useful for everyone. Today, there is no one I would trust more with Flexa’s future than Trevor. His product instincts and technical fluency have been instrumental since the company’s inception in turning Flexa from an inkling of an idea into the industry leader it is today, and I could not be more delighted to pass the role to him as Flexa enters its next chapter.”

McCabe joined Flexa eight years ago as a cofounder and the company’s first general counsel. He later built Flexa’s compliance program from the ground up as its first chief compliance officer before becoming Flexa’s longest-tenured CEO to date. Under his leadership, Flexa secured 40 money transmission licenses throughout the US (more than any other digital asset payments provider), established two foreign subsidiaries, advanced key lobbying and policy efforts, rebranded and streamlined its product offerings, completed its 2023 transition of Amp ecosystem stewardship to the Acronym Foundation, launched the Flexa SDK, strengthened relationships with more than a dozen other partners across the crypto and blockchain ecosystem.

“Danny’s contributions to Flexa are impossible to overstate,” said Trevor Filter, Flexa’s incoming CEO, speaking on behalf of the board of directors. “He helped build this company at nearly every level: legal, compliance, policy, operations, strategy, leadership, and most importantly, culture. The foundation Flexa has today is a direct reflection of his discipline, judgment, conviction, and decisions. I’m honored to take on this role from someone I consider one of my closest friends, and I am committed now to making sure that Flexa has a long and bright future ahead by focusing our efforts on what we do better than anyone: compliant, meticulously crafted crypto–fiat money movement that works seamlessly for merchants, developers, wallets, ecosystems, and the people who use them.”

As CEO, Filter will lead Flexa’s product, commercial, and company strategy as Flexa continues expanding its payment and money movement capabilities around the globe and across the digital asset industry. As a Flexa cofounder and member of the company’s leadership team, Filter has shaped Flexa’s product vision since inception, including its work across digital asset acceptance, merchant payments, wallet integrations, developer infrastructure, and regulated crypto–fiat payment flows.

Teji, who currently serves as Flexa’s chief legal officer, will become President in addition to continuing to guide the company’s legal, compliance, regulatory, and strategic work. In his new role, Teji will help lead Flexa’s day-to-day execution across business operations, policy, partnerships, regulated product expansion, and customer delivery.

“For nearly a decade, Flexa has relentlessly and methodically built the bedrock required to bring digital asset payments into the real world, with the best in-person crypto acceptance capabilities in the entire world,” said Upneet Teji, Flexa’s incoming President and chief legal officer. ”We’ve built trusted relationships, resilient infrastructure, and a regulatory foundation that almost no other organization in this industry can match. I am intensely proud of what Flexa has accomplished so far, and even more confident in what comes next as we continue to focus our team, our products, and our partnerships on the next era of commerce with digital assets.”

The leadership transition comes as Flexa enters a new operating phase, with a focused product suite, a strengthened regulatory foundation, and deep experience operating at the intersection of payments, compliance, and onchain infrastructure. Following completion of his transition from Flexa, McCabe expects to focus on broader ecosystem, policy, and regulatory initiatives outside the company. With Filter and Teji leading the company’s next chapter, Flexa is now well positioned to support a broader range of regulated money movement and digital asset payment experiences for merchants, wallets, developers, and other customers throughout the onchain economy.

About Flexa
Flexa is the global leader in pure-digital payments, providing merchants and developers with new tools for commerce. Flexa’s solutions enable the acceptance of digital assets across in-person, online, and in-app checkout environments, offering instant authorization, complete fraud resistance, and flexible payouts in the currency of the merchant’s choice. Founded in 2018, Flexa’s products include Flexa Payments, Flexa Components, Flexa Capacity, and more.