BorrowersFirst, a next-generation lending platform that provides personal consumer loans, announced that seasoned financial services executive Dave Tomlinson has joined the company as president and CEO, as well as appointed to the company’s Board of Directors.
Tomlinson chose to join BorrowersFirst because of its unique value proposition to both borrowers and lenders, and for the opportunity to develop new approaches in a rapidly growing industry. “Online lending platforms are shaping up to enable revolutionary advances in direct lending, including expanding markets, enhancing customer benefits, pricing and experience, as well as accessing new reservoirs of capital,” Tomlinson stated. “I believe BorrowersFirst has built a platform that positions it to capitalize on these opportunities and become a leader in the space.”
Tomlinson joins BorrowersFirst after five years as president and chief operating officer at Progress Financial (also known as Progreso Financiero), a leading consumer lender focused on the under-served Hispanic market. During his tenure, Progreso grew annual revenue from $2 million to $120 million and emerged as one of the leading disruptors in the lending space. Prior to Progreso, Mr. Tomlinson spent more than 20 years across a variety of senior positions at American Express, PNC, Providian, and JP Morgan Chase.
“I am very pleased and excited that Dave Tomlinson has joined BorrowersFirst as CEO,” said Neil Wolfson, BorrowersFirst’s board chairman and president of SF Capital. “Dave is a proven leader with a great track record in growing innovative, technology-driven lending businesses. Dave’s experience in managing emerging companies, as well as established industry leaders, will help BorrowersFirst rapidly scale following its soft launch in Q4 of last year.”