ATLANTA–(Organization Wire)–VIVA Finance, an Atlanta-primarily based fintech platform that gives progressive money alternatives for individuals, has appointed marketplace veteran John Fasano as CFO.
Fasano brings in excess of 20 a long time of senior-degree administration knowledge, with know-how in creating and executing company procedures for fintech and SaaS companies that concentrate on payments and banking application. He is also knowledgeable in M&A and M&A-relevant integrations. Fasano most recently served as CEO of VoApps, a tech company centered in Atlanta that supplies voicemail solutions for companies. He retains a bachelor’s degree in accounting from California Lutheran College.
“John is a strategic chief with a proven potential to unify groups toward acquiring a common objective,” VIVA Finance Co-Founder and CEO Jack Markwalter reported. “We are self-assured that John’s intensive working experience in the fintech and mobile banking place will empower VIVA to fulfill its mission of equipping consumers with the equipment to obtain economic freedom.”
“I am honored to be named CFO and be a part of VIVA as it tackles worries in the financial method that protect against numerous people from accessing reasonably-priced money items and products and services,” Fasano reported. “I admire VIVA’s one of a kind technique towards providing customers with equitable credit remedies and can not wait around to request out supplemental ways for the enterprise to prosper.”
Fasano’s use follows VIVA’s powerful momentum in the latest months. By the finish of 2020, VIVA tallied just about 1,000 loans presented in its very first 12 months of lending. The company also boosted its range of loans given out each individual thirty day period by 6.5x given that July 2020, representing a nearly 37% thirty day period-over-thirty day period progress fee.
Whilst expanding accessibility to credit, VIVA’s different underwriting model has also done effectively, with a net cumulative once-a-year loss level of fewer than 1.3% as of December 2020.
About VIVA Finance
VIVA Finance powers a cell-very first lending system that gives loans underwritten mostly based on employment details rather than credit rating background. VIVA’s mission is to build an inclusive economical procedure by expanding access to affordable credit score by its choice underwriting design. Introduced in early 2019, hundreds of persons have used VIVA’s loans to refinance high-priced financial debt and address a range of economic requirements. Learn extra at www.viva-finance.com.
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Garrett Utt
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