Media Announcement: Fintech heavyweight Pat Forgione joins Lendful as Chief Technology Officer

MONTREAL, Sept. 15, 2016 /CNW/ - Bolstering Lendful's capacity to create the best online-lending experience for Canadian borrowers, the company welcomes Pat Forgione as Chief Technology Officer.

"Pat is one of Canada's top fintech executives," said Lendful co-founder and CEO Alex Benjamin. "He brings a depth of experience that is going to continue galvanizing our technical development and management teams."

Having spearheaded the largest deal of its kind between a consumer online lender and a Canadian financial institution (Lendful secured up to $15M in funding from Alterna Bank in January, 2016), Benjamin together with Forgione and co-founder/COO Mitch Salis are not only rapidly growing one of Canada's most promising start-ups, but they're also making sure that growth happens securely.

"Security, privacy and compliance are the cornerstones of robust technical infrastructure," said Forgione, "and what Lendful and our partner Alterna have already built is the first step in best-of-breed technology. I'm excited to be joining the company at a time when my experience will help Lendful build scalable solutions that provide our clients all the modern tools they deserve while ensuring world-class security and data integrity." 

Salis concurs: "People are concerned about the security practices and overall financial strength of fintech companies, as they should be. Consumer online lending is still in its infancy in Canada, the market is massive and companies without the most skilled and knowledgeable management teams are at risk. With Pat onboard we now have the most experienced management team in our space. This means we can do what we're here to do: focus on our customers and securely save them money."

"Canadians are waking up to the benefits of borrowing online with Lendful, and I'm incredibly excited for what else we're going to achieve as a team," said Benjamin.

ABOUT LENDFUL
Lendful offers Canadians quick and easy access to loans at interest rates that can save them up to 30 per cent when refinancing. Lendful offers one to five-year fixed-term loans to credit-worthy borrowers. More importantly, we give Canadians an alternative to outdated borrowing systems that are complicated and expensive. For more information please visit lendful.ca

SOURCE Lendful Financial Inc

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