Two Hires Come at a Time of Rapid Expansion for Lighter Capital
SEATTLE--(BUSINESS WIRE)--#debtcapital--Lighter Capital, the leader in providing growth capital to tech startups, announced today it has hired Kevin Fink as its new Chief Technology Officer. In addition, Lighter Capital also announced the addition of Patricia Elliott as its new Chief Sales Officer.
In his role as CTO, Fink will lead Lighter Capital's technology strategy with a strong focus on leveraging the company's data and partnerships to enhance and extend its products and services into new markets. Elliott will be responsible for Lighter Capital’s investments team as well as expanding the company’s partnerships within the fintech and startups ecosystems. She will also work with startup founders to understand their capital needs and determine which of Lighter Capital’s financial solutions will best help them achieve their company’s growth milestones.
Over the last twenty five years, Fink has held senior technology positions at a variety of technology and media companies, most recently as CTO of Seattle-based Shiftboard. He has held a series of data-centric technology leadership roles, starting as co-founder of Internet filtering company N2H2, which he helped take public in 1999. He subsequently served as CTO of WhitePages.com and SVP Engineering at Demand Media (including an IPO in 2011) and Rightside (spin-off of Demand Media in 2014). Fink holds a BS in Engineering from Harvey Mudd College and an MS in Electrical Engineering from the University of Washington.
Elliott has over twenty years in sales leadership roles in fintech and rapidly evolving SaaS companies, including Expedia, Corporate Visions, and Yapta. Most recently, Elliott was Regional Vice President for the West Coast at Capital One. Elliott also comes with a strong entrepreneurial background as she was Co-Founder and President of The TAS Group which developed Dealmaker, an online software application that works in conjunction with Salesforce.com.
The additions of Fink and Elliott round out Lighter Capital’s efforts to strengthen its executive leadership bench in the company’s next phase of growth. In January, the company appointed Joe Silver to the position of CFO, who was instrumental in securing access to $100 million in credit assets from HCG Fund Management, LP (“HCG”). Lighter Capital plans to fund hundreds more early-stage companies in SaaS, tech services, and digital media with its non-dilutive financing solutions, including Revenue-Based Financing, Term Loans, and Line of Credit.
“Kevin is an accomplished tech veteran whom we’re excited to welcome to the team,” stated Lighter Capital CEO, Thor Culverhouse. “We believe he is the perfect person to lead our technology efforts as we enter a new stage of growth in 2020. The addition of Patricia to lead our partnerships and sales efforts will accelerate our growth as she partners closely with our clients to help them take full advantage of the array of services we now offer.”
“I am excited to join Lighter Capital as it expands its portfolio of financing options for startups and continues to add more products unique to the needs of startups,” said Fink. “The company is uniquely positioned to provide valuable services to the entire financing ecosystem by leveraging its deep data and relationships.”
“I am looking forward to working with the talented and professional team at Lighter Capital and to meet our customers over the next few months to help them achieve their company goals in 2020 with Lighter’s financial solutions,” said Elliott.
About Lighter Capital
Lighter Capital has revolutionized startup financing by making it easy for entrepreneurs to quickly access up to $3 million in growth capital and working capital with zero dilution and full control over how to use the funds. Lighter’s fintech platform pulls in 6,500 data points, uses proprietary algorithms to determine a credit rating and data science to predict a startup’s revenue growth with 97% accuracy, on average. Lighter has invested over $200 Million in over 600 rounds of financing to 350 companies across the U.S., including MapAnything, Jive, Quip, and more.
Lighter Capital offers a mix of entrepreneur-friendly product offerings—including revenue-based financing (RBF), term loans with pre-approval for a forward commitment, and lines of credit—to empower early-stage tech startups with the flexibility they need to fund the business at different stages of growth. Learn more at https://www.lightercapital.com/.
Michael Lindenberger / Lindy PR
Phone: (415) 531-1449