Funding Circle U.S. Appoints Kos Joshi to Lead Embedded Finance & Partnerships
06 Novembre 2023 - 4:07PM
Business Wire
Former Goldman Sachs executive sees big
opportunity to serve more small businesses
Funding Circle (LSE:FCH), the leading online lending platform
for small businesses is pleased to announce that Kaustubh “Kos”
Joshi has joined the company as the Head of Embedded Finance &
Partnerships for the U.S. business where he will be responsible for
executing on the company’s strategy to attract more small
businesses through its embedded platform and strategic
partnerships.
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Kaustubh “Kos” Joshi has been appointed
to Head of Embedded Finance & Partnerships at Funding Circle
U.S. (Photo: Business Wire)
Kos was most recently the Head of Product for Embedded Business
Financing at Goldman Sachs where he successfully launched and grew
their embedded SMB financing business, including their partnership
with Amazon.
"I am thrilled to lead Funding Circle’s strategy to attract more
small businesses through our flexible embedded platform which
leverages world class technology and superior customer experience
to offer small businesses multiple financing products including SBA
7(a) loans that meet their needs wherever they are,” Kos said.
Steve Allocca, U.S. Manager Director at Funding Circle
said: “We are excited that Kos chose to join Funding Circle and
that he appreciates the massive opportunity for us to serve more
small businesses the financing products they need by leveraging our
embedded platform technology through strategic partnerships.”
The announcement follows a decision by the U.S. Small Business
Administration to grant Funding Circle a license – the first and
only Fintech company to date – to originate SBA 7(a) loans up to $5
million nationwide. Partners such as banks, lenders and other
service providers to small businesses will be able to offer their
customers Funding Circle term loans and SBA 7(a) loans up to
$500,000 through Funding Circle’s flexible embedded platform.
About Funding Circle Funding Circle (LSE: FCH) is the
leading online lending platform for small businesses. Since 2010,
Funding Circle has originated $4.5 billion to 45,000 small
businesses in the U.S. and $21.1 billion to 143,300 small
businesses globally.
Recently launched partnerships include Pitney Bowes (NYSE:PBI),
DreamSpring, Affinity Plus Credit Union, Farm Bureau Bank, and
Nationwide.
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version on businesswire.com: https://www.businesswire.com/news/home/20231106885931/en/
For all media inquiries: Ryan Metcalf
pr@fundingcircle.com
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