Full-Time
Head of Credit Risk
Confirmed live in the last 24 hours
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 approvals based on basic demographic information, which helps customers access funds without affecting their credit scores. Vartana stands out from its 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 goal of Vartana is to make technology products more affordable 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
↑ 4%1 year growth
↑ 10%2 year growth
↑ 323%
Simplify's Take
What believers are saying
- Vartana's recent $12 million Series A funding and $50 million line of credit position it well for rapid growth and market penetration.
- The platform offers a win-win for both sellers and buyers by simplifying the purchasing process and providing various payment options, which can drive higher sales and customer satisfaction.
- Vartana's mission to be the 'Affirm for B2B' taps into a growing market need for flexible payment solutions in the business sector, indicating strong future demand.
What critics are saying
- The competitive landscape for B2B payment solutions is heating up, with established players and new entrants vying for market share.
- Economic downturns or budget constraints in the SaaS industry could limit the adoption of new payment platforms like Vartana.
What makes Vartana unique
- Vartana focuses on providing flexible payment options specifically for B2B SaaS and hardware purchases, unlike many competitors who target the consumer market.
- The platform's capital marketplace allows Vartana to manage financed deals without holding buyer debt, ensuring a balance sheet-light business model.
- Vartana's founders bring firsthand experience from the SaaS industry, addressing pain points they personally encountered, which adds credibility and practical insights to their solutions.
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