SoFi | Jotup

Resale Leader Trove Grows Executive Team with CTO and CFO Appointments

Retrieved on:

Thursday, February 23, 2023

“I am delighted to welcome both Natalya and Julia to the team,” said Gayle Tait, CEO of Trove.

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“I am delighted to welcome both Natalya and Julia to the team,” said Gayle Tait, CEO of Trove.
Previously, Cai was instrumental in driving growth at K Health, leading the development of the AI-powered digital healthcare platform.
"Joining the Trove team will be a thrill as we forge ahead in building a top-notch engineering powerhouse and a cutting-edge, AI-powered SaaS platform that will revolutionize the resale industry and pave the way for a more sustainable future for our planet," said Julia Cai, CTO of Trove.
"I am excited to support Gayle and the Trove team with my years of experience leading financial operational efforts for high-growth tech companies,” said Natalya Davick, CFO of Trove.

Varo Bank Welcomes Wook Chung as Chief Product Officer

Retrieved on:

Thursday, February 23, 2023

Samsung, Trust, Chung, Silicon, Risk, Engineering, Open API, Growth, Annual percentage yield, SAN, Microsoft, SoFi, Fraud, Cryptocurrency, Management, Online shopping

SAN FRANCISCO, Feb. 23, 2023 /PRNewswire/ -- Varo Bank, N.A., the first all-digital, nationally chartered consumer techbank in the U.S., announced the appointment of Wook Chung as Chief Product Officer. Chung joins the bank at an exciting period of innovation, as it capitalizes on its bank charter, enabling agile product design that provides technology-first solutions to meet customers' most important banking and money management needs. The techbank, founded in 2015, combines the capabilities and nimbleness of a technology company with the security and oversight of a regulated financial institution.

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SAN FRANCISCO, Feb. 23, 2023 /PRNewswire/ -- Varo Bank , N.A., the first all-digital, nationally chartered consumer techbank in the U.S., announced the appointment of Wook Chung as Chief Product Officer.
Chung joins the bank at an exciting period of innovation, as it capitalizes on its bank charter, enabling agile product design that provides technology-first solutions to meet customers' most important banking and money management needs.
In his new role, Chung will spearhead Varo's product vision and strategy initiatives and will be a key leader in Varo Tech, the innovation engine of the company which brings together product, technology, data and design.
Most recently as VP of Product, Design & Engineering at SoFi, Chung managed in-app and online product experiences, specifically focused on growth, risk, and fraud.

Fiat Growth Drives Over $1B in New Revenue to Brands, Surpasses 100 Clients

Retrieved on:

Thursday, February 23, 2023

Since its founding in 2018, Fiat Growth , the marketing consultancy arm of Fiat Ventures , has surpassed 100 clients, resulting in over $1B in new revenue for partnering companies.

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Since its founding in 2018, Fiat Growth , the marketing consultancy arm of Fiat Ventures , has surpassed 100 clients, resulting in over $1B in new revenue for partnering companies.
A first-of-its-kind offering, Fiat Growth is a turnkey growth team and in-house thought partner with custom solutions for brands of all stages in their efforts to scale.
In the trenches with the founding team and c-suite, Fiat Growth drives both strategy and execution.
“Regardless of size, if you enter the Fiat Growth ecosystem, you’ll never want to leave it, and frankly, you’ll never need to leave it.

GovForce Raises $2.5 Million Seed Round to Power Government Contractor Collaboration

Retrieved on:

Tuesday, February 21, 2023

GovForce, the first technology company designed specifically to power performance and compliance for government contractors, announced today that it has closed a Seed round of $2.5 million in equity funding.

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GovForce, the first technology company designed specifically to power performance and compliance for government contractors, announced today that it has closed a Seed round of $2.5 million in equity funding.
While government contractors (GovCons) are responsible for delivering nearly $700 billion per year in goods and services to the federal government, they face heightened security concerns along with increasing reporting and compliance requirements.
These challenges often hamper their ability to effectively and efficiently support the agencies they serve.
That call to action from family, friends, fellow veterans, and neighbors in government contracting inspired the three GovForce co-founders.

KBRA Assigns a Preliminary Rating to SoFi Consumer Loan Program 2023-1S Trust

Retrieved on:

Tuesday, February 14, 2023

Banking, Professional Services, Insurance, Finance, Credit, Business, Stanford Graduate School of Business, SoFi, Social finance, KBRA, Bank, Telescopic sight

KBRA assigns a preliminary rating to a single class of notes issued by SoFi Consumer Loan Program 2023-1S Trust (“SCLP 2023-1S”), a $340.0 million consumer loan asset-backed securities transaction.

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KBRA assigns a preliminary rating to a single class of notes issued by SoFi Consumer Loan Program 2023-1S Trust (“SCLP 2023-1S”), a $340.0 million consumer loan asset-backed securities transaction.
SCLP 2023-1S has an initial credit enhancement level of 23.10% for the Class A notes.
KBRA applied its Consumer Loan ABS Global Rating Methodology, as well as its Global Structured Finance Counterparty Methodology and ESG Global Rating Methodology as part of its analysis of the transaction’s underlying collateral pool, the proposed capital structure and SoFi’s historical static pool data.
KBRA considered its operational review of SoFi as well as periodic update calls with the Company.

KBRA Assigns Preliminary Ratings to Pagaya AI Debt Trust 2023-1

Retrieved on:

Monday, February 6, 2023

KBRA assigns preliminary ratings to three classes of notes issued by Pagaya AI Debt Trust 2023-1 (“PAID 2023-1”), a consumer loan ABS transaction.

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KBRA assigns preliminary ratings to three classes of notes issued by Pagaya AI Debt Trust 2023-1 (“PAID 2023-1”), a consumer loan ABS transaction.
Pagaya Structured Products LLC is a 100% owned subsidiary of Pagaya US Holding Company LLC (formerly known as Pagaya Investments US LLC), which is a 100% owned subsidiary of Pagaya Technologies Ltd. (“Pagaya Technologies”), an Israeli corporation.
This transaction is the seventh publicly rated securitization sponsored by Pagaya Structured Products LLC (collectively with its affiliates, “Pagaya” or the “Company”).
Previously, Pagaya US Holding Company LLC served as sponsor for 16 securitizations of unsecured consumer assets.

BORDERLESS SUPER WALLET - CENOA - RAISES US$7 MILLION IN SEED FUNDING

Retrieved on:

Monday, February 6, 2023

CMO, Brex, Stanford Graduate School of Business, Entrepreneurship, Fintech, Engineering, United States dollar, Human Capital, Underscore, USD, CPO, Trade-weighted US dollar index, Growth, Neobank, Head, SoFi, Cryptocurrency, Bank, Chime

SINGAPORE, Feb. 6, 2023 /PRNewswire/ -- Cenoa, the borderless super wallet improving access to dollar-based products in emerging markets, announces it has raised US$7 million in Seed funding. The fund raise was led by San Francisco-based venture capital firm Quiet Capital – an early backer of Robinhood; and Underscore VC – a Boston-based firm focused on backing the next generation of iconic companies at their earliest stages. Further investors include Human Capital, Ulu Ventures, Acrew Capital, and Collective Spark – who have all invested in successful well-known global neobank and fintech unicorns such as Chime, Coinbase, Brex and SoFi.

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SINGAPORE, Feb. 6, 2023 /PRNewswire/ -- Cenoa , the borderless super wallet improving access to dollar-based products in emerging markets, announces it has raised US$7 million in Seed funding.
Cenoa's product development aims to add US Dollar-based debit cards and instant money transfer within the next 18 months.
With inflation soaring globally to a 40-year peak, billions of people in emerging economies are facing currency meltdowns.
Cenoa introduces a borderless and non-bureaucratic way to access a digital dollar product without any fees and earn an inflation-resistant yield.

Nova Credit Receives Authorisation to Become UK’s First Cross-Border Credit Reference Provider

Retrieved on:

Thursday, January 19, 2023

Nova Credit UK, a wholly owned subsidiary of Nova Credit , has received the requisite scope of permissions in order to provide credit references in the UK from the Financial Conduct Authority (FCA).

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Nova Credit UK, a wholly owned subsidiary of Nova Credit , has received the requisite scope of permissions in order to provide credit references in the UK from the Financial Conduct Authority (FCA).
Nova Credit UK’s parent company, U.S.-founded Nova Credit, is a consumer-permissioned credit bureau that’s on a mission to accelerate financial inclusion for immigrants globally.
Nova Credit announced its intention to expand to Europe, starting with the UK, in Spring 2022 .
By working with Nova Credit UK, financial services providers in the UK can now incorporate credit information from foreign bureaus as part of their creditworthiness assessment.

SoFi Report Reveals 85% of Investors Plan to Change How They Invest in 2023

Retrieved on:

Tuesday, January 10, 2023

Three out of four investors report regrets about how they invested in 2022, and 85% now plan to change how they invest in 2023 according to a new survey from SoFi (NASDAQ: SOFI), the digital personal finance company.

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Three out of four investors report regrets about how they invested in 2022, and 85% now plan to change how they invest in 2023 according to a new survey from SoFi (NASDAQ: SOFI), the digital personal finance company.
In 2022, investors endured wild market volatility, rising interest rates and a crypto winter, and they’re facing more potential headwinds in 2023.
While 2022 was a rough ride for many investors, most stayed the course, with 93% reporting they continued to invest despite the environment.
Gen Z, with the new generation of investors making up the biggest group of investors reportedly wanting to invest more despite inflation.

ADT Appoints Wayne Thorsen to Chief Business Officer Role

Retrieved on:

Monday, January 9, 2023

BOCA, Microsoft, SoFi, ADT, State Farm, Executive, NYSE, Management, Viacom

BOCA RATON, Fla., Jan. 09, 2023 (GLOBE NEWSWIRE) -- ADT (NYSE: ADT) today announced the appointment of Wayne Thorsen to the newly created role of Executive Vice President and Chief Business Officer, effective immediately.

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BOCA RATON, Fla., Jan. 09, 2023 (GLOBE NEWSWIRE) -- ADT (NYSE: ADT) today announced the appointment of Wayne Thorsen to the newly created role of Executive Vice President and Chief Business Officer, effective immediately.
Thorsen will be responsible for leading ADT’s product, innovation and new business development teams.
“Wayne is a seasoned executive who brings valuable experience in business development, strategic partnerships and product marketing and development,” said Jim DeVries, ADT President and CEO.
“It’s an exciting time for ADT, and I’m eager to join the teams building market-leading safe, smart and sustainable solutions for more customers in more places.”
Thorsen joins ADT from Google, where he served as Vice President, Devices and Services Business Development.