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Full-Time

General Manager

Heloc

Posted on 6/27/2024

Splash Financial

Splash Financial

51-200 employees

Connects borrowers with lenders for loan refinancing

Fintech
Financial Services

Senior, Expert

Remote in USA

Remote-first

Category
Business Development
Business & Strategy
Requirements
  • Verifiable track-record of leading a business as a CEO, President, COO, or GM with P&L ownership ideally in HELOC
  • Experience taking a business from nascency to hyper-scale
  • Reputation as a well-rounded executive with exceptional go-to-market and product instincts
  • Financial and operational knowledge of the broader capital markets ecosystem
  • Ability to harness data to drive strategic decisions
  • Experience in building relationships with decision-makers
Responsibilities
  • Articulate and drive the strategic vision of HELOC
  • Drive top-line growth through product development and GTM strategies
  • Monitor market activity and review Splash's offerings
  • Build trusted relationships with partners and affiliates
  • Be a visible presence in the market as a thought leader
  • Provide overall leadership to the organization with full P&L accountability
  • Facilitate recruitment, retention, and development of high-caliber employees
  • Work closely with the executive team and investors/board

Splash Financial operates in the loan refinancing market, focusing on student loans and personal loans for U.S. citizens who meet specific creditworthiness criteria. The company connects borrowers with lenders to offer competitive refinancing rates, although approval and rates depend on individual financial situations. A distinctive feature of Splash Financial is its emphasis on refinancing loans for medical students currently in residency or fellowship programs, catering to a specific market segment. However, their services are not applicable for all loan types, as personal loans cannot be used for real estate or education expenses, and refinancing federal student loans results in the loss of associated benefits. The company likely generates revenue through fees for its services.

Company Stage

Series B

Total Funding

$77.9M

Headquarters

Cleveland, Ohio

Founded

2013

Growth & Insights
Headcount

6 month growth

5%

1 year growth

3%

2 year growth

-16%
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Simplify's Take

What believers are saying

  • The recent $44.3 million Series B funding round indicates strong investor confidence and potential for growth.
  • Partnerships with entities like First Fed and Fairplay enhance Splash Financial's credibility and expand its market reach.
  • The company's focus on specific segments like medical students allows for specialized and potentially more profitable financial products.

What critics are saying

  • Variable rates and lack of guaranteed loan approval may deter some potential borrowers.
  • Refinancing federal student loans through Splash Financial results in the loss of federal benefits, which could be a significant drawback for some borrowers.

What makes Splash Financial unique

  • Splash Financial's niche focus on medical student refinance loans sets it apart from general loan refinancing platforms.
  • The company's partnership with Fairplay to ensure fairness in loan offerings highlights its commitment to ethical lending practices.
  • Splash Financial's ability to connect borrowers with competitive rates through a network of lenders provides a tailored financial solution not guaranteed by all competitors.

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