Happy Money, a FinTech firm specializing in unsecured lending to aid credit union expansion, has named Matt Potere as its new CEO.
Matt, a veteran with over 25 years in the consumer finance sector, joins Happy Money at a pivotal time and is poised to leverage his extensive experience in unsecured and point-of-sale financing.
The core offering of Happy Money lies in facilitating personal loans through credit unions. This initiative not only helps consumers alleviate debt more swiftly but also aids credit unions in enhancing their member base and financial standing. The FinTech company has successfully originated over $6bn in loans, substantially enriching its credit union partners.
Matt Potere arrives at Happy Money after nearly a decade as CEO at Sunlight Financial, where he oversaw the provision of affordable clean energy project loans, amassing over $10bn in funding. His previous tenure at Bank of America as head of the Home Equity and Auto Products division saw substantial market share growth, showcasing his capability to lead and expand financial services.
His proven track record and strategic approach to digital lending are expected to bring significant advancements in Happy Money’s offerings, particularly enhancing partnerships with credit unions.
TruStage Ventures, the venture capital supporter of Happy Money, praises Matt’s appointment as a strategic move. His experience and alignment with Happy Money’s culture are deemed instrumental for the company’s next growth phase.
“Happy Money has brought significant value to the market in recent years, creating a model that helps consumers streamline debt more quickly and affordably while enabling credit unions to attract new members and strengthen their balance sheets with a desirable asset,” Happy Money CEO Matt Potere said.
“Matt is a seasoned leader with deep experience in end-to-end digital lending, which will bring considerable benefit to our credit union lending partners,” Happy Money board member and President and Managing Director of TruStage Ventures Brian Kaas said.
Keep up with all the latest FinTech news here.
Copyright © 2024 FinTech Global
