Black Dragon Capital℠ Appoints Cary Strange as CEO of PayOnward, Strengthening Position in the Credit Union and Community-Based Financial Institutions Market

BOCA RATON, Fla., Oct. 20, 2025 /PRNewswire/ -- Black Dragon Capital℠ has appointed Cary Strange as the CEO of PayOnward, an AI-driven digital payment platform built for Credit Unions and Community-Based Financial Institutions.

PayOnward is a company under the Black Dragon Capital℠ portfolio, which enables Credit Unions and Community-Based Financial Institutions to lead the digital payments revolution with a cloud-native, AI-driven platform that simplifies financial operations for SMBs and individual members or consumers. Their modular, white-label solutions for SMBs including Accounts Receivable (A/R) andBill Pay, along with a comprehensive suite for customers including Bill Pay, Peer-to-Peer (P2P), and Account-to-Account (A2A))— put credit unions at the heart of the payment ecosystem, fostering community connections, streamlining operations, and boosting revenue.

The company was founded by Louis Hernandez, Jr., the CEO and Founder of Black Dragon Capital℠ who has previously founded and led the team behind the rapidly growing payments platform Payveris.

Cary Strange has decades of experience in fintech, financial services, and payments. His extensive background in these industries equips him with a deep understanding of their unique needs – making his leadership invaluable as PayOnward continues to scale their solutions and drive industry adoption.

With Strange at the helm, PayOnward will expand its market presence, develop innovative payment technologies, and enhance digital payment experiences.

“We have many friends, investors, and customers in the industry that trust PayOnward to build the next generation of solutions for credit unions and community financial institutions. We heard them and have built an AI-driven suite designed to help institutions attract and retain members and businesses, deepen deposits, and grow transactional revenue,” said Cary Strange, CEO of PayOnward.

Black Dragon Capital℠ has consistently expressed their strong interest in helping the credit union industry by creating innovative solutions to address unique, industry-wide problems. Through Cary Strange’s leadership, PayOnward can accelerate its mission to deliver innovative, scalable, and secure payment solutions tailored for credit unions, financial institutions, SMBs, and enterprises—strengthening their ability to serve their customers in a digital-first world.

“Cary has consistently demonstrated a unique ability to build, scale, and lead financial technology organizations that deliver measurable value to their partners. His proven experience and leadership will be instrumental as PayOnward advances its vision to strengthen credit unions and community financial institutions with innovative solutions that drive growth, loyalty, and community impact,” said Louis Hernandez, Jr., Founder and CEO of Black Dragon Capital℠.

PayOnward is an AI-driven digital payment platform built for Credit Unions and Community-Based Financial Institutions. Our comprehensive, white-label suite—including accounts receivable, bill pay, peer-to-peer transfers, account-to-account payments, and cross-border payments—helps CUs modernize services, keep deposits, and engage small businesses and members. Backed by Black Dragon Capital, PayOnward redefines community banking in the digital age. Visit www.pay-onward.com.

Black Dragon Capital℠, founded over a decade ago by recognized financial technology leaders, is a multi-phased investment firm focused on disruptive technologies in high growth industry segments that strengthen economic stability within communities. The firm is led by a collaborative team with a combination of intense operating experience, community impact focus, and a proven track record of successfully transforming companies. Learn more: https://blackdragoncap.com

Media Contact or Inquiries:
Viviana Lauschus
Marketing Manager
vlauschus@blackdragoncap.com

SOURCE: PayOnward