Full-Time
Head of Credit Risk
Posted on 11/6/2024
Vartana
51-200 employees
Financing platform for technology vendors' customers
Expert
Remote in USA
- 10+ years experience in managing commercial or small business credit risk
- Understands the entire commercial equipment finance and credit lifecycle, from underwriting, documentation to collections and charge-off
- Familiar with the compliance and regulatory landscape
- Work independently with little oversight or management in a fast-paced, dynamic environment with high-energy and mission-driven colleagues
- Comfortable with modern statistical tools and techniques and demonstrates an ability to work with data and construct models
- Communicate clearly to internal, external, technical, and non-technical audiences
- Own Vartana’s credit, fraud and operational risk policies focusing on B2B vendors
- Drive best-in-class portfolio management practices and manage losses to benchmark loss rates
- Continuously seek new data inputs to enhance the credit model accuracy and automation and disrupt the status quo
- Act as a liaison between capital market investors and Vartana on all portfolio queries
- Manage and scale the team of analysts and underwriters
Vartana provides a platform that allows technology vendors to offer financing options to their customers. The platform simplifies the financing process by enabling quick credit approval based on basic demographic information, which helps customers access funds without affecting their credit scores. Vartana stands out from competitors by focusing on partnerships with technology vendors, ensuring that the financing solutions are integrated into the sales process, which helps vendors close sales more effectively. The company's goal is to facilitate affordable access to technology products for customers while generating revenue through fees for its financing services.
Company Stage
Series B
Total Funding
$37.9M
Headquarters
San Francisco, California
Founded
2020
6 month growth
↑ 16%1 year growth
↑ 16%2 year growth
↑ 400%
Simplify's Take
What believers are saying
- Growing demand for B2B buy now, pay later solutions boosts Vartana's market potential.
- Vartana's recent $12M funding round strengthens its financial position and growth prospects.
- Partnerships with technology vendors streamline sales processes and improve cash flow.
What critics are saying
- Increased competition from B2B 'buy now, pay later' startups threatens market share.
- Over-reliance on the capital marketplace model may expose Vartana to financial risks.
- Ongoing SaaS budget constraints could limit vendor partnerships and revenue growth.
What makes Vartana unique
- Vartana offers a unique all-in-one financing platform for technology vendors.
- The platform provides payment flexibility without impacting customers' credit scores.
- Vartana's capital marketplace ensures a balance sheet-light business model.
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