Neobank Zolve Appoints Former Citigroup Exec Steve Freiberg to Leadership Team

Zolve, India’s “first” neobank providing cross-border financial services, announced the appointment of Steve Freiberg to its leadership team in the United States.

Freiberg comes “with vast experience and expertise in the financial domain and has held several key leadership roles in global organizations in the past.”

He served for 30 years as Co-Chairman and CEO of Citigroup’s Global Consumer Group, where he was “responsible for all business lines serving consumer and commercial customers, spanning 53 countries and 230,000 employees.”

As CEO of Etrade, he “stewarded the company back to profitability following the 2008 financial crisis.” Freiberg is also Vice Chairman of the board at SoFi, “one of the largest fintechs in the U.S., board member of Compas Digital Acquisition Corp., Board Chairman of Portage Financial Technology Acquisition Corp., and retired board member of MasterCard.”

At Zolve, Freiberg will “advise on overall growth and business strategy with a focus on enhancing the product and value proposition of Zolve’s offerings internationally.”

His deep understanding of the U.S. market and regulatory nuances “will be key in strengthening Zolve’s presence in the U.S.” Furthermore, he will also “play a key role in bringing the right technology and product partners onboard.”

Prior to Zolve, Freiberg was Chairman of the board at Fair Square Financial, “one of Delaware’s fastest-growing financial services startups.”

It was later “sold to the online auto lending giant Ally for $750 million.” Freiberg is also “the Founder of Grand Vista Partners and a Senior Advisor to Boston Consulting Group and TowerBrook Capital Partners.”

Welcoming Freiberg, Raghunandan G, Zolve’s Founder and Chief Executive Officer, said:

“We are delighted to have Freiberg with us in an advisory role. His rich experience and expertise in the sector will help Zolve achieve new heights at a global level. Steve’s unparalleled understanding of the market and regulatory landscape and networking expertise will help unlock new avenues for Zolve. As we build and lead the next phase of growth for the company, we will continue onboarding exceptional talent to our leadership and other teams.”

Freiberg said:

“I am extremely excited to be joining a highly energetic and dynamic team at Zolve and am hopeful that I will make valuable contributions to the company’s business and growth in the international market. I am looking forward to new learnings and challenges.”

This is “the third strategic appointment at Zolve within a month, following the onboarding of Anandapadmanabhan Ramabhadran from the Boston Consulting Group (BCG) and Douglas T. Hamilton as the Chief Compliance Officer.”

Apart from bolstering the core leadership team in India and the United States, the startup is also “looking for innovative and dynamic professionals to fill the roles of Customer Support Head; Customer Support Agents; Senior Product Analyst; Product Manager, Fraud & Risk; and Collections Lead.”

Zolve also “seeks candidates for marketing and Credit Risk Data Science roles.”

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