Applied Data Finance Appoints Joseph Toms as CEO
2024年7月9日 - 12:15AM
ビジネスワイヤ(英語)
Seasoned consumer finance executive succeeds
Co-Founder Krishna Gopinathan, who will remain on ADF’s Board
Applied Data Finance (ADF), which operates a leading
technology-enabled consumer lending services platform, today
announced the appointment of Joseph Toms as its new Chief Executive
Officer. Toms, who most recently served as the Head of Consumer
Lending at Axar Capital and has been a member of ADF’s Board since
November 2023, succeeds Co-Founder Krishna Gopinathan, who will
transition to a board role and advisory position while pursuing his
interests in artificial intelligence.
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.”
About Applied Data Finance
Applied Data Finance (ADF), through its Personify Financial
brand, is the trusted financial partner for tens of thousands of
underestimated and under-banked Americans. Combining
state-of-the-art technology and world-class application of advanced
data science and machine learning, ADF is setting a new standard
for assessing near-prime and non-prime borrower credit and fraud
risk.
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