Elevate Credit, an online lender in the payday loan space, announced on Tuesday managing partner of Equanimity Leadership Solutions, LLC, Saundra Schrock, has joined its Board of Directors, effective immediately.
The company revealed that Schrock brings more than 35 years of experience in consumer financial services. Before taking the position at Equanimity Leadership Solutions, she spent over twenty years at JPMorgan Chase where she successfully managed over 3,000 bank branches and 30,000 employees.
Ken Rees, CEO of Elevate, stated:
“We are pleased to welcome Saundra to the Board. Saundra brings a wealth of expertise in banking and consumer lending, making her an obvious asset to our exceptional team of Board members. We look forward to benefitting from her insight and perspective.”
Schrock commented:
“Elevate is leading the charge in providing innovative, online credit solutions to non-prime consumers. I’m honored to join Elevate’s Board of Directors and look forward to helping advise the company as they embark on their next phase of growth.”
Elevate is backed by Sequoia and Technology Crossover Ventures. Currently, Elevate operates three different products including; Rise, Elastic and Sunny.