Foremost household fintech bolsters government leadership bench with CFO Brian Dong, CTO Sameera Rao and COO Will Yu surpasses $100 million yearly recurring earnings (ARR) milestone
ATLANTA, Dec. 7, 2021 /PRNewswire/ — Greenlight® Monetary Technology, Inc. (“Greenlight”), the fintech firm on a mission to support mothers and fathers raise fiscally-smart kids, nowadays announced numerous vital government hires to even further speed up the company’s quick progress as it surpasses $100M in ARR with extra than 4.5 million moms and dads and young children.
“The growth of our management workforce is a important action in the direction of our next section of progress,” stated Tim Sheehan, co-founder and CEO of Greenlight. “Brian, Sameera and Will provide a must have experience in developing and functioning entire world-course enterprises to Greenlight as we carry on on our mission to shine a mild on the entire world of funds for millions a lot more households.”
Greenlight additional the next men and women to its leadership team:
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Brian Dong, Main Money Officer: Brian joins Greenlight from Goldman Sachs exactly where he served as Running Director in the Investment Banking Division, advising Technological innovation corporations these kinds of as Apple, eBay, Sq. and Qualcomm for a lot more than a decade on funding, strategic financial commitment and M&A transactions. Brian also encouraged clientele on numerous high-profile community offerings like IPOs for Tesla and Twitter, as nicely as main Coinbase’s $98 billion immediate listing. As CFO, he will guide Greenlight’s economical and funds markets strategies as the enterprise carries on on its superior-advancement trajectory.
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Sameera Rao, Main Technological know-how Officer: Sameera joins Greenlight with far more than 20 a long time of engineering management encounter. Most just lately, he was Head of Client Engineering at PayPal, in which he led worldwide engineering teams throughout PayPal purchaser solutions like the Flagship PayPal Super Application, Devote, Crypto, P2P and additional, powering billions in profits. As CTO, Sameera will oversee engineering, which include products enhancement, security, infrastructure and IT as Greenlight proceeds to scale and incorporate far more financial products and services to its platform.
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Will Yu, Main Functioning Officer: Will delivers a lot more than a 10 years of operational leadership practical experience scaling superior-growth, enterprise-backed technological innovation firms to Greenlight. He joins Greenlight from authentic estate fintech Cadre, wherever he led finance and functions for the organization. As COO, Will will travel operational excellence to assistance Greenlight’s quick advancement though overseeing customer results, chance administration and compliance.
“Greenlight pioneered the loved ones finance class and continues to stand out as the current market chief with its mission-driven manufacturer, greatest-in-class products and outstanding advancement,” claimed Brian Dong, Main Fiscal Officer of Greenlight. “The opportunities in advance for Greenlight are huge and I’m thrilled to be section of the crew.”
The leadership appointments arrive on the heels of file-location advancement and expansion from Greenlight. The business has surpassed $100 million in annualized recurring profits and extra than doubled its purchaser base within just the previous year. Now, Greenlight serves far more than 4.5 million parents and children, who have collectively saved approximately $200 million and invested a lot more than $10 million in the direction of their fiscal futures. Greenlight has lifted over $550 million to-date, closing its $260 million Collection D spherical led by Andreessen Horowitz in April, which amplified the company’s valuation to $2.3 billion.
Greenlight continues to direct the relatives finance group with marketplace-initial new products and partnerships. The company became the first of its type to provide young ones and teens economic incentives for clever cash administration with 1% Dollars Back again to Savings and 2% Greenlight Savings Reward. Greenlight also unveiled an academic investing system for mother and father to devote in their kids’ long run, increasing its providing to serve the total loved ones. The organization carries on to collaborate with the world’s largest fiscal establishments and know-how corporations, including JPMorgan Chase and most not too long ago, Morgan Stanley and Amazon, increasing its distribution to empower hundreds of thousands a lot more parents to elevate fiscally-sensible youngsters.
Greenlight has been widely identified as one of the speediest-expanding businesses, most a short while ago ranked no. 23 on the 2021 Deloitte Technological innovation Quickly 500, no. 30 on the 2021 Inc. 5000 list as properly as getting named to the 2021 CB Insights Fintech 250 and Forbes Fintech 50 lists.
About Greenlight
Greenlight Financial Technologies is the family fintech enterprise on a mission to support dad and mom increase monetarily-sensible children. Its groundbreaking product, Greenlight, is an all-in-a person funds administration system intent-crafted for families, full with a debit card and companion application. Moms and dads can automate allowance, manage chores, set adaptable invest controls, and commit for their kids’ futures. Children and teens learn to earn, save, spend properly, give, and invest with parental acceptance.
The Greenlight Card is issued by Community Federal Personal savings Financial institution, member FDIC, pursuant to license by Mastercard International. Greenlight Financial commitment Advisors, LLC (GIA), an SEC Registered Expense Advisor, gives investment advisory solutions to its clientele. Investing entails hazard and might include things like the decline of money. For a lot more information and facts, make sure you take a look at: www.greenlight.com.
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Source Greenlight Fiscal Technologies, Inc.