Toms is a seasoned executive with over 35 years of experience in consumer finance and asset management. His visionary leadership and strategic acumen have consistently propelled companies to industry-leading positions, setting new benchmarks for performance. At Axar Capital, Toms supported the firm’s consumer finance strategy. Prior to Axar, he launched Freedom Financial’s (later Achieve.com) successful lending division. Under his leadership, the division grew into a highly profitable consumer lending business, with a top-performing $2 billion consumer credit fund and a robust securitization program that received AAA ratings from two separate rating agencies.

“Krishna has built an incredible foundation, and I am committed to building upon it and leading ADF into its next phase of growth and success,” said Toms. “Over the past several months, I have had the privilege of working closely with the talented team at ADF and have been consistently impressed by their dedication, expertise, and customer-centric approach. ADF’s sophisticated risk pricing abilities, driven by its advanced data-science capabilities and cutting-edge analytical approach, set the company apart in the industry. I look forward to working with the entire ADF team to continue delivering innovative and responsible credit solutions to our customers.”

Toms’ appointment follows the company’s successful refinancing and growth equity capital infusion in late 2023, which will allow ADF to continue growing while also exploring new opportunities for innovation and expansion.

“I am delighted to welcome Joe as the new CEO of Applied Data Finance,” said Gopinathan, who co-founded ADF in 2014 and has served as its CEO for the better part of a decade. “His extensive background in consumer finance, combined with his intimate understanding of ADF’s business as a board member, positions him perfectly to lead the company forward. I have full confidence in his ability to drive ADF’s success, and I look forward to working with him in my new capacity as a board member and advisor.”

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JIVF has selected the Way4 digital payments software platform aiming to develop the most competitive, innovative and attractive credit programs in the Vietnamese market.

JIVF is placing its trust in its partnership with OpenWay given its leadership and experience globally and in the Asia region and is relying on Way4, OpenWay’s best-in-class digital payment software solution. OpenWay’s successful projects launched in Asia include a BNPL solution with LOTTE Finance, Timo, an API-based digital bank that was launched in the AWS cloud in just 4 months, and SmartPay, a successful financial inclusion wallet with over 650,000 merchants and 40 million users. As a modular and highly configurable platform, Way4 allows clients to build highly personalized credit products with flexible implementation: on premise, in the cloud, or as a dedicated SaaS. Way4 payment software is used globally and can be deployed on major cloud platforms: AWS, Microsoft Azure, Oracle Cloud (OCI), and others, also in private clouds. The Way4 platform for JIVF is the first OpenWay installation in Oracle Cloud in Southeast Asia.

Way4 is an end-to-end solution with unique online core, account and events management, dynamic pricing, automated workflows, card issuing and wallet management, merchant management, omni-channel, authorization and settlement, modern APIs, and IPS interfaces. So, it will allow JIVF to manage the full lifecycle of their payment products and offer the super online customer experience. OpenWay offers JIVF various options to help JIVF optimize their operational costs, including managed services and end-to-end technical operations for JIVF. The agile teams of both companies will cooperate closely to create competitive products and co-branded credit programs with personalized rewards, instalments. With the Way4 platform, the JIVF team can quickly launch innovative card products, create new partnership campaigns and respond to the growing demand for consumer credit.

Mr. Taniguchi Noboru, General Director, JIVF:

“We believe that to become a leader on a new market and keep your leadership, we need to work with trusted leaders. We have chosen OpenWay because it was critical for us the high quality of the Way4 platform, fast time to market, successful experience of OpenWay globally and locally, excellent client service, and high operational efficiency. Moreover, the OpenWay team has demonstrated deep technological knowledge and advanced expertise that will help us to grow our credit finance business and respond to the high demand for credit products from our customers in Vietnam.”

Mr. Nguyen Manh Ha, General Director, OpenWay Vietnam:

“Consumer credit has shown strong growth in the Asian region, and OpenWay’s role is to help financial institutions and fintechs with the best payment solutions to create differentiated competitive products. We are excited to partner with JIVF and fully committed to delivering best-in-class payment technologies and contributing to the company’s strategic goals. OpenWay’s leadership globally and in Vietnam of over 15 years with help us to meet the high standards of JIVF and ensure that JIVF will receive the best support in achieving its aims.”

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Landsman, an independent Stash board member since mid-2022, has served in key operations and leadership roles at Jet.com, Citigroup, BlackRock, and E*TRADE, where she guided the companies through seismic change and record-breaking growth in consumer engagement and profitability. Until last week she served as a General Partner at NEA, a global venture capital firm with more than $25 billion in assets under management¹, during an era of unprecedented impact across industries including fintech and consumer products.

“Stash empowers millions of Americans to manage and grow their wealth. Its simple-yet-disruptive subscription platform, rooted in a deep commitment to the financial well-being of our customers, is exactly what millions of everyday Americans need today,” said Landsman. “I’m so appreciative to both Brandon and Ed and excited to work with the incredible team at Stash. Together they’ve built a rock-solid foundation.”

Landsman, whose storied career includes leading Jet.com from launch to its $3.3 billion acquisition by Wal-Mart, joins Stash at a transformative moment for the company and its more than 2 million subscribers. Despite inflation fears and a looming recession, revenue surpassed $100 million and grew nearly 30% last year, with customers setting aside almost $3 billion on the platform thanks to regular and automatic deposits of $30 on average².

“Liza is the right person to lead Stash as we continue to hit major revenue and customer milestones and evolve the business. Her experience and knowledge of consumer products, e-commerce, and fintech is ideally suited to the opportunities ahead,” said Brandon Krieg. “Liza brings the scale and expertise needed to help Stash continue on its trajectory, and I am thrilled to support her as she takes the reins as CEO of Stash and delivers even more value for our subscribers. She has been so insightful in just the few months she has been working with us.”

Beginning today, Krieg will step into the role of Co-Founder and Head of Business Development and focus on new areas of the business; Ed Robinson, Stash Co-Founder and President, will retain his title and drive execution.

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