LendingUSA, a U.S.-based fintech lender that provides loans to small businesses ranging from $1000 to $35,000, announced on Thursday it has appointed Adam Contino as its new CFO. According to LendingUSA, Contino has more than 30 years of experience in leading transformation and growth initiates and optimizing performance. He recently served as EVP and CFO of Security National Automotive Acceptance Company (SNAAC), which is a consumer lending company.
Contino will notably be responsible for capital planning and sourcing, investor relations, M&A evaluation, financial planning and analysis, accounting and treasury. Speaking about Contino’s appointment, Camilo Concha, Founder and CEO of LendingUSA, stated:
“We are so grateful to Ron for his time and dedication in helping to build LendingUSA up to this point and leaving us in a great place, and we’re thankful that he has chosen to oversee a smooth transition before the start of his next professional challenge in life. As we enter this new stage of growth for LendingUSA, we couldn’t be more excited to welcome Adam, and we look forward to achieving even bigger goals together.”
As previously reported, LendingUSA specializes in point of need and direct-to-consumer financing solutions for the elective medical industry, dental care, pets, pet care, consumer goods and services, etc. It also powers a proprietary network of websites that provide thousands of personal loans each month to meet a variety of needs.
“Since its inception, LendingUSA has grown to over 10,000 merchant clients nationwide and has processed over $2 billion in borrower loan requests. LendingUSA offers its merchants access to its easy-to-use platform that allows them to complete applications in a matter of minutes and receive loan decisions within seconds.”
Less than six months ago, LendingUSA announced it secured a $200 million investment commitment from Atalaya Capital Management.
