Strength through leaderships.

Hamed Shahbazi

Chairman and CEO

Mr. Hamed Shahbazi founded TIO Networks as a kiosk solution provider in 1997, shortly after completing a Bachelor of Applied Science in Civil Engineering degree at the University of British Columbia.  Mr. Shahbazi has since transitioned TIO Networks into a multi-channel payment solution provider specializing in bill payment and other financial services through a variety of automated self-serve, retail point-of-sale, mobile and web-based methodologies processing approx. 50M transactions worth roughly $6 billion in payments annually in the United States.  Mr. Shahbazi has been particularly interested in developing payment products that are safe, viable and commercially reasonable alternatives for the LMI (low to moderate income) and underbanked demographic groups.

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The business community has recognized Hamed Shahbazi and TIO Networks with numerous awards and accolades. Recently, The Cantech Letter named Mr. Shahbazi the TSX Venture Tech Executive of the Year and TIO Networks the TSX Venture Tech Stock of the Year for its performance in 2014.   TIO has been recognized as a Deloitte Technology Fast 50/500 company 6 times and PROFIT Magazine has recognized TIO as a member of its PROFIT 100/200/500 ranking of Canadian companies 6 times based on its sales growth.  In 2013, KIOSK.COM recognized Hamed with the Hall of Fame award for his “distinguished service” to the kiosk industry.   Business in Vancouver Magazine also named Mr. Shahbazi one of the prestigious 40 Under 40 in 2001.

Hamed is a passionate advocate of impact entrepreneurship where new companies aim to doing well by doing good, which he promotes as the role of an “Impactreneur”.  He regularly mentors founders and entrepreneurs of early stage companies.

Ken Cawkell


Ken Cawkell has acted as TIO’s lawyer since 2002; as Secretary since May 2003; and as a director since August 2006. Mr. Cawkell is a member of the British Columbia and Alberta Bar Associations, and, in 1987, he co-founded the law firm Cawkell Brodie LLP, where he remains as Managing Partner. For over 25 years, he has been involved in technology industries within public, private and venture capital markets; successfully fulfilling the roles as a professional advisor and as a principal / investor.

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In his professional capacity, he has focused on intellectual property, technology transfer, financial and transaction structuring, and securities law. He is also a past member of the National Research Council of Canada IMB/ INH Advisory Board and the British Columbia Securities Commission’s Securities Law Advisory Committee.

Mr. Cawkell has been extensively involved in technology companies associated with automating various aspects of banking services. He has been involved with TIO for over 10 years and have been intimately involved and worked with TIO on the development and strategic commercialization of TIO’s bill pay system.

During his early legal carrier, he worked for a large Western Canada based legal firm representing the Canadian Imperial Bank of Commerce (CIBC). His practice was focused on loan securitization and realization.

He has been involved in the founding and development of a number of technology based companies. Previously, he was a founder of a technology company that developed and commercialized an automated internet based system for the origination and securitization of consumer loans. The Company was successful in providing its services to major banks and credit unions in Canada, and was eventually purchased by a large bank service provider.

Joseph Allegra

General Partner at Edison Partners

Mr. Allegra actively leads investments in enterprise applications in HR, supply chain and mobile. As a board member at over 25 companies, he has contributed marketing, sales, technology and general management expertise from two perspectives—as a seasoned software industry professional and as an entrepreneur.

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Previously, Mr. Allegra was co-founder and CEO of Princeton Softech, a rapidly growing, profitable company that developed and marketed database products to Fortune 1000 companies. Under his guidance, Princeton Softech was twice named to the INC. 500 list of fastest growing companies. Prior to Princeton Softech, he was VP of R&D for Computer Associates, following its acquisition of Applied Data Research. As Product Manager, he led product support and headed R&D for 12 years.

Mr. Allegra has also provided strategic consulting services to several technology companies throughout his career. He was awarded the New Jersey Technology Council (NJTC) Technology Supporter Award in 2003, and was also a finalist for Ernst & Young Entrepreneur of the Year. He co-founded the Software Association of New Jersey and served as Chairman of the New Jersey Technology Council, as well as led the initial financing for NJTC Venture Fund. Mr. Allegra also holds a BA, Economics, Rutgers University and a MBA, Information Systems, New York University, Stern School of Business.

Steven Piaker

Managing Director and Co-Head of Financial Partners, the Private Equity Group of Napier Park Global Capital (“Napier Park”)

Mr. Piaker is a Managing Director and co-head of Napier Park’s Financial Partners, which he joined in 2011 and he has over 25 years of experience in financial services and financial technology.  In addition to Financial Partners, Steve is also a Founding Partner and Management Committee member of Napier Park Global Capital.  Financial Partners focuses on partnership investments in durable high growth companies in financial services, including financial technology companies. Steve has served on a number of private and public company boards, and In addition to TIO, he currently serves on the board of directors of and Jefferson National Financial.

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Prior to joining Financial Partners, Mr. Piaker was a Managing Partner at CCP Equity Partners, where he focused on financial services and business services investments.  Investments that Steve led at CCP included Clark Bardes (IPO’d and subsequently sold to Aegon), Finetre (sold to EBIX), Intersections (NASDAQ: INTX), Magnet Communications (sold to Digital Insight), MMV Financial, Paycycle (sold to Intuit), Princeton eCom (sold to Online Resources), Sterling Autobody (sold to Allstate), and Telebanc Financial (IPO’d and subsequently sold to E*Trade).  Steve joined CCP Equity Partners in 1994 from Conseco Inc., where he helped to form Conseco’s private equity funds.  Prior to Conseco, Stever was a founding member of the financial institutions group within GE Capital Corporation’s leveraged buyout division.  He began his career with Chase Manhattan Corp.  Steve received a BA from the University of Rochester and an MBA from Duke University’s Fuqua School of Business, and is a Chartered Financial Analyst.

Arjan Schütte


Arjan Schütte is the founder and a managing partner of Core Innovation Capital, a leading venture capital fund investing in financial services companies that empower everyday Americans. He is also a Senior Advisor to the Center for Financial Services Innovation, the nation’s leading authority on the underbanked market. He was previously a senior manager at CFSI from its inception until Core was launched in 2011.

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Arjan is a passionate industry expert. Through CFSI and Core, he has invested in some of the most innovative companies serving everyday and underbanked consumers, including AccountNow (acquired by Green Dot), CircleLending (acquired by Virgin Group), iSend, L2C (acquired by TransUnion), and BankingUp. Arjan serves on the board of portfolio companies Ripple Labs (as observer), SavvyMoney, TIO Networks, and Vouch and is an advisory board member for several companies including Oportun (formerly Progreso Financiero). Arjan formerly served as a board member for RentBureau (acquired by Experian). He is cited broadly, blogs for Forbes, and regularly speaks at industry conferences.

Prior, Arjan spent 12 years as an entrepreneur in several venture backed companies in technology leadership, consulting and general management roles including Pierian Spring Software, Cognitive Concepts (acquired by Houghton Mifflin), Capella Learning (now NASDAQ: CPLA), and DoTheGood.

Arjan earned an MS from the Media Laboratory at the Massachusetts Institute of Technology, as an Interval Research Fellow, and earned his BA in Philosophy and Communication at Lewis & Clark College.

He lives in Los Angeles with his wife and two young children.


Bill Burnham


Bill Burnham is the Managing Member and Founder of Inductive Capital, a technology-focused investment fund, which is an institutional shareholder of TIO Canada. Mr. Burnham has served on a variety of public company and private company boards, ranging from public companies to small seed-stage startups. He currently serves on the boards of two technology-focused, private start-ups. Mr. Burnham’s investment experience spans both public and private technology companies.

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On the public side, Mr. Burnham was a Senior Research Analyst at Credit Suisse First Boston, Deutsche Morgan Grenfell, and Piper Jaffray, and was the first analyst on Wall Street to cover the Electronic Commerce Industry.

On the private side, Mr. Burnham was a Partner at both Softbank Capital Partners, a $1.5 billion late stage investment fund, and Mobius Venture Capital, a $1.25 billion early stage fund.