About Pay Theory

Our mission for education

Pay Theory is the solution to a problem we saw in education. Any tool or service used outside of the classroom isn’t built for schools. Schools face the challenge of using business solutions that don’t fit their needs. The result is schools miss out on chances to increase efficiency, engagement, or save time. With payments, most vendors shoehorn business solutions to the school processes. Schools pick a solution, but the parents pay for the tools with service fees. Schools spend time on manual tasks, while parents face confusing online portals. Parents and schools pay to suffer through systems that don’t fit their needs. 47% of parents have a challenging relationship with the American banking system. The result is students suffer from inefficiency between schools and parents. Parents struggle to track and pay school fees, and schools miss collecting revenue.

Our mission is to break this cycle. Pay Theory is an education company focused on how schools and parents interact around money. For schools, we build tools to help schools save time, and integrate with their systems and processes. For parents, we offer cash access, ease of use, and simple ways to see and manage balances. We envision a world where cashless schools and cash families coexist, and everyone saves time.

To help build our vision, our team has a background in Edtech and payments. Our goal is to make the difficult conversations around school fees simple and painless.

  • Eric Fulkert
    Eric Fulkert Co-CEO / Founder

    CEO of Campus Suite, Ed-Tech. 10+ years as a network engineer, a MSP providing outsourced IT. Co-Founder: Soundstr (Acquired), Campus Suite(Acquired).

  • Brad Hoeweler
    Brad Hoeweler Co-CEO / Founder

    CEO & Co-Founder of Argo Ventures, Skipjack (Acquired by Vantiv/WorldPay), Vantiv 25+ years of management and payments experience.

  • Mike Hillenmeyer
    Mike Hillenmeyer CPO / Founder

    Payments Expert, 10+ years in payments and fintech including a history in payment facilitation, ecommerce, mobile, and retail payments. Vantiv (now Worldpay) Paycor, Skipjack (acquired).

  • Aron Price
    Aron Price System Architect / Founder

    Systems Expert, 15+ years software development experience. 10+ years startup experience. Co-Founder: Soundstr (Acquired).

  • Corey Donovan
    Corey Donovan CDO / Founder

    Branding & UI/UX Expert, 10+ years experience in graphic design, video production and corporate communications. Co-Founder: Soundstr (Acquired).

  • Pablo Martinez
    Pablo Martinez Consumer Insights

    ”If you are reading this, I’m doing my job”

Looking to join our team, have an idea, or want to partner? We would love to hear from you

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