FlexShopper, Inc. Appoints Ravi Radhakrishnan as Chief Risk Officer
March 08, 2016 at 04:01 pm EST
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Flexshopper, Inc. announced that Ravi Radhakrishnan has joined FlexShopper as Chief Risk Officer. Mr. Radhakrishnan was most recently Head of Underwriting Valuations and Senior Vice President of Consumer Card Services at Bank of America where he managed various facets of decisioning, risk strategy and underwriting across a $90 billion credit card asset portfolio.
FlexShopper, Inc. is a financial technology company, which provides payment options to consumers. The Company provides a variety of funding options via lease-purchase solutions and loans. It has several channels, with which it generates payment options for customers. The Company enables consumers utilizing its e-commerce marketplace to shop for brand name electronics, home furnishings and other durable goods on a lease-to-own (LTO) basis. It provides opportunity to obtain ownership of durable products, such as consumer electronics; home appliances; computers, including tablets and wearables; smartphones; tires; jewelry and furniture, including accessories; under affordable payment LTO purchase agreements with no long-term obligation. The LTO Engine is the basis for its primary sales channels, which include business-to-consumer and business-to- business channels. It offers a range of brands, such as Samsung, Frigidaire, Hewlett-Packard, LG, Whirlpool, Ashley, Apple among other.