Funding Circle Appoints Steve Allocca U.S. Managing Director
Funding Circle, the leading online lending platform for small business borrowers today announces Steve Allocca has joined the company as U.S. Managing Director
In brief:
Steve, a former BlueVine, Lending Club, and PayPal executive, will lead Funding Circle U.S. through its next exciting and ambitious phase of growth and expansion
Reporting to Chief Executive Officer Lisa Jacobs, Steve will play a crucial role in honing in on the meaningful opportunity that exists to serve more small business borrowers in the U.S
Most recently, Steve was Chief Operating Officer at BlueVine, a small business banking provider in the U.S. He previously served as President of LendingClub, where he grew revenue, transformed the organisation, and expanded its product set. Before that, Steve led PayPal's multi-billion-dollar credit business, PayPal Credit, where he launched and scaled small business lending, which soon became one of PayPal's fastest-growing and most valuable businesses. Steve also held a number of senior leadership positions at Wells Fargo
What does this mean?
Lisa Jacobs, CEO at Funding Circle said: “I’m pleased to kick start 2023 by welcoming Steve Allocca as our new U.S. Managing Director. He brings a wealth of fintech experience and is passionate about helping small businesses get the funding they need to win. There is a huge opportunity in the U.S. market to serve more businesses than we do today.”
