FinBe USA hires new chief risk officer
About a month after rolling out a financing program tailored for work trucks, FinBe USA announced the hiring of a new chief risk officer on Wednesday.
Through a post on LinkedIn, FinBe USA welcomed Raghu Venkat, who is bringing more than 20 years of experience in risk management and analytics to the finance company that has been working with franchised and independent dealerships since 2007.
Venkat most recently worked at GM Financial as the vice president of data science and risk management.
Prior to his time with GM’s captive, Venkat spent time with Santander, Bank of America and Flagstar Bank.
“We are glad Raghu will now call FinBe USA home,” the company said on LinkedIn.
Part of what Venkat will be monitoring will be FinBe USA’s newest offering, the Vamos Income Producing Vehicle (IPV) Work Pick-Up Truck financing program.
Through a news release, FinBe USA said the IPV Program is specifically geared toward financing pickup trucks “that are essential to a business’ bottom line.”
The IPV Program allows the company’s Vamos Program customers to finance up to $70,000 plus back end on a 2010 or newer truck. Customers do not have to have a Social Security Number, Tax ID or a FICO score.
FinBe USA CEO Scot Seagrave called this program a “win/win” for franchise and independent dealerships across the country while also helping entrepreneurs purchase the work trucks needed to successfully run their businesses.
“We are truly excited about this program and believe our enhanced financing options will help existing businesses and encourage those entrepreneurs looking to start their own companies. This program is perfect for landscaping companies, contractors, roofers, builders, snowplow operators, etc. Our goal is to help owners get the trucks they need to build a successful business,” Seagrave said.
FinBe USA reiterated that the company listens to the needs of its dealer partners and customers, striving to create programs that fulfill those needs. With the IPV Program, FinBe USA aims to empower dealerships to better serve their subprime and near-prime customers and drive greater satisfaction and loyalty.
“With our enhanced IPV Program financing options, streamlined approval process, and dedicated dealer support, we are committed to helping our dealer partners grow their customer base and become more profitable,” FinBe USA vice president of originations April Lauritano said in the news release
To learn more about the IPV program and partnership opportunities, visit www.finbeusa.com or call (877) 475-5959 to speak with one of the company’s dealer relationship managers.