Claritypay appoints Divvy Capital Markets exec Peter Ostrem to lead institutional funding strategy. Provided by PR Newswire Jun 22, 2026, 5:45:00 AM CLARITYPAY APPOINTS DIVVY CAPITAL MARKETS EXEC PETER OSTREM TO LEAD INSTITUTIONAL FUNDING STRATEGY PR Newswire NEW YORK, June 22, 2026. Ostrem built the debt capital stack that took Divvy from $10 million to $1.2 billion in monthly originations and joins ClarityPay as the company accelerates toward its next phase of scaled growth. NEW YORK, June 22, 2026 /PRNewswire/ - ClarityPay, a provider of tailored point-of-sale credit solutions, today announced the appointment of Peter Ostrem as Head of Capital Markets. Ostrem brings over 25 years of experience in fintech capital markets and asset backed securitization, most recently leading Divvy's capital markets function through a period of rapid growth, scaling monthly originations from $10 million to $1.2 billion in three years prior to Divvy's acquisition by BILL for $2.5 billion. Ostrem will build and manage ClarityPay's institutional capital function, securing the asset buyers, warehouse lenders, and structured capital relationships that will underpin the company's origination growth. His near-term focus is establishing a core group of deeply trusted institutional partners, while laying the groundwork for ClarityPay's future access to rated debt markets, broadening the capital base and reducing funding costs as origination volume scales. "ClarityPay has something I've rarely seen: a merchant-integrated origination model that creates structurally lower acquisition costs than direct-to-borrower lending," said Ostrem. "My job is to build the capital stack that lets this business scale. We start with the right institutional partners and build toward the kind of rated capital markets access that unlocks the next order of magnitude of growth. I want to be 10 times bigger, and growing in a healthy way." "Peter has built institutional capital functions that supported origination growth most companies never reach. We are ready to build that kind of funding infrastructure at ClarityPay as we prepare for the next leap, and Peter will be an essential part of how we get there," said Houman Motaharian, CEO and Founder of ClarityPay. Ostrem's appointment directly supports ClarityPay's strategy to scale origination volume across a broader spectrum of merchants and consumer credit tiers, while building the balance sheet infrastructure required to support institutional-grade growth. Prior to Divvy, Ostrem served as Head of Capital Markets at Swift Capital, a small business lender acquired by PayPal in 2017. He was previously a Managing Director in fixed income trading at Goldman Sachs from 2000 to 2007. About ClarityPay ClarityPay provides merchants with tailored point-of-sale credit solutions to drive acquisition and loyalty while giving customers flexible pay-over-time options across all customer segments. ClarityPay offers plans from 6 weeks to 84 months to cover purchases from $50 to $50,000, while giving merchants more control over customer experience, data, and program branding. Built for omnichannel commerce, ClarityPay integrates via API or major commerce and lending platforms, serving merchants in retail, health and wellness, home improvement, auto repair, travel and services. Learn more at www.claritypay.com. Media Contact: [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/claritypay-appoints-divvy-capital-markets-exec-peter-ostrem-to-lead-institutional-funding-strategy-302806327.html SOURCE ClarityPay The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar. Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees. Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.

ClarityPay, a point-of-sale credit solutions provider, has appointed Peter Ostrem as Head of Capital Markets. Ostrem brings over 25 years of fintech capital markets experience, most recently leading Divvy's capital markets function and scaling monthly originations from $10 million to $1.2 billion in three years before Divvy's $2.5 billion acquisition by BILL. At ClarityPay, Ostrem will build the institutional capital function, securing asset buyers, warehouse lenders and structured capital relationships to support origination growth. His initial focus involves establishing core institutional partnerships whilst preparing for future rated debt market access. Previously, Ostrem served as Head of Capital Markets at Swift Capital, acquired by PayPal in 2017, and was a Managing Director in fixed income trading at Goldman Sachs from 2000 to 2007.

ClarityPay has partnered with Diamonds International to launch a branded financing programme across more than 125 fine jewellery stores on cruise lines and at international port locations. The programme offers instant approvals up to $50,000 with various financing options, including 0% interest deals. The Diamonds International Financing Account is designed for travellers making purchases whilst at sea or in port destinations. ClarityPay developed an omnichannel system that works internationally and aboard ships, with an intuitive experience for both customers and sales associates. The partnership includes integrated marketing to engage customers throughout their voyage. Diamonds International, established in 1988, operates locations across the Caribbean, Mexico and Alaska. ClarityPay provides point-of-sale credit solutions with loan terms ranging from six weeks to 84 months.