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JG Wentworth acquires a Silicon Valley Fintech digital client lending platform and appoints new Chief Know-how Officer
CHESTERBROOK, Pa., Jan. 27, 2023 /PRNewswire/ — Business main client monetary providers firm JG Wentworth introduced at present that after its latest acquisition Stilt Inc., it’s appointing Stilt co-founder and ex-CTO Priyank Singh as Chief Know-how Officer of The JG Wentworth Firm, efficient December 1st, 2022. In his position Singh shall be chargeable for main know-how and product growth for the JGW Digital Lending initiative. He’ll lead technique, drive imaginative and prescient, and assist construct know-how platform developments for the corporate. This shall be a part of JG Wentworth’s foray into private finance and loans, introduced after its latest acquisition of Stilt Inc’s digital lending platform and staff. Later this yr the corporate plans to introduce private loans for customers with less-than-perfect credit score to enrich its debt decision operations. To that impact, the corporate is hiring folks throughout the nation who wish to be a part of the staff in its mission to assist customers in want.
Singh involves JG Wentworth after serving as co-founder and CTO at Stilt Inc., a San Francisco-based fintech and private mortgage lender. Singh based the corporate in 2015 together with his co-founder Rohit Mittal. Beneath his management Stilt constructed a robust digital lending platform, and cellular apps that allowed it to scale to tens of millions of customers. Earlier than the acquisition of the corporate, Singh additionally oversaw the event of Onbo by Stilt, a brand new Software Programming Interface that allowed a plug and play strategy to launching a digital lending platform as a part of Stilt’s B2B providing.
Singh joins JG Wentworth with 10+ years of expertise in Machine Studying and Pc Science, and previous to Stilt was an early member of the Bing Search Group at Microsoft, and A9, the Machine Studying division at Amazon. He additionally labored on the One Laptop computer Per Little one mission and constructed their Wi-Fi mesh protocols whereas working full-time at Marvell Semiconductor. He holds a Bachelor of Know-how type Jaypee Institute of Data Know-how in India and a Grasp of Science from Columbia College within the Metropolis of New York.
“I’m excited concerning the potentialities Priyank will unlock for us as CTO. With him as a companion JG Wentworth will step into its subsequent evolution within the digital house and supply a set of distinctive choices that shall be consistent with the corporate’s mission to assist American customers in want.” stated Gaurav Marballi, Chief Analytics and Digital Officer at JG Wentworth. “With him and the brand new product and engineering staff, JG Wentworth will present a fantastic digital expertise which can profit prospects of our current merchandise in addition to our upcoming lending merchandise.” he famous.
About JG Wentworth
JG Wentworth is a client monetary providers firm that focuses on serving to on a regular basis Individuals obtain their monetary objectives. Its providers embrace structured settlement fee buying, annuity fee buying, lottery and on line casino fee buying, and debt decision providers. Most not too long ago, the corporate launched its client lending arm, with a deal with debt consolidation. JG Wentworth was based in 1991 and is headquartered in Chesterbrook, Pennsylvania.
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About Stilt Inc.
Stilt is a number one mission-driven firm constructing know-how to democratize entry to clear credit score merchandise for the tens of millions who’re presently shut out by the monetary system, comparable to immigrants, worldwide college students, DACA and visa holders. Stilt additionally gives companies with the infrastructure to supply credit score merchandise to their prospects in as little as two weeks, with out requiring a financial institution sponsor. Based by immigrants on visas, Stilt has lent to folks from greater than 150 international locations around the globe
SOURCE The JG Wentworth Firm
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