Avant Names Matt Bochenek CEO
Bochenek, who has served as Avant COO since 2019, will succeed James Paris, who will become Vice Chairman
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CHICAGO, May 24, 2021 /PRNewswire/
Avant, a leading financial technology company that offers a full array of digital banking products to middle income US consumers, today announced the appointment of Matt Bochenek as CEO. He will succeed James Paris, who has served as CEO since January 2020. Paris will transition into a new role as Vice Chairman of Avant.
Bochenek has been COO of Avant since 2019 and brings nearly 20 years of experience in financial services to the role. As one of the company s earliest employees, he has played a significant role in shaping Avant s business over the past eight years, including spinning off the company s SaaS business, Amount, in 2020; helping shape the company s COVID-19 response and heightened support for customers undergoing financial hardship; and the April 2021 acqui
As digital lending continues to rise, one can only be left to wonder how it got this way? For a long time, the process of obtaining a loan was long, arduous, and downright anxiety-ridden. Living in the digital age gives our constant existence a sense of urgency, of needing to adapt or move on to. Read More.
Italian Freemason Giuseppe Mazzini
TURNING MEN INTO SWINE
How do you take a nation of free and independent citizens and turn them into slaves? How do you do this slowly and imperceptibly, without violence, and with the willing participation of the slaves-to-be?
The answer is simple. You corrupt them, undermine them, deprave them, demoralize them, until they have acquired all the characteristics of slaves.
As the sorceress Circe, with a wave of her magic wand, turned the followers of Ulysses into grunting swine, you can wield your weapon of mass hypnosis, the media, over a nation and transform its citizens into willing slaves.
Financing deals announced at LendIt
Several platforms used this week’s LendIt conference in New York City to announce significant financing agreements.
Online platform LendKey struck a deal with MidCap Financial where MidCap agreed to purchase up to $1 billion in student consolidation loans originating on LendKey. MidCap’s parent company Apollo Global Management may purchase additional loans via investment funds under its control. Several platforms made significant funding announcements immediately before and during LendIt
“This transaction is a transformational event for the online lending industry,” said LendKey CEO Vince Passione. “This commitment serves as a testament to LendKey’s success in building a valuable student loan portfolio for our current customers and a validation of the ability of online lending platforms to directly originate high quality loans.”
AvantCredit has big-picture plan to own alt-finance
Most alternative finance companies seek to meet the needs of an underserved niche in the marketplace while a few have wider aims.
Count AvantCredit among the latter. The Chicago-based company was recently ranked sixth on Forbes 100 Most Promising Companies list thanks to an impressive growth pace which sees it with more than $1 billion in funding, 550 employees, and $75 million in annual revenue in just over two years of operation.
Investors love AvantCredit. Within its first sixth months of operation AvantCredit attracted $1 million in seed funding, an $8 million Series A round, and a $25 million debt facility. A year later they closed a $75 million Series C round and two $200 million debt financings.