Former OnDeck Chief Risk Officer and 20-year industry veteran to scale the credit business
CircleUp, a private market data aggregation company, announced that Nick Brown has been appointed President of CircleUp Credit Advisors, which provides capital to private businesses, effective March 1, 2022.
Prior to joining CircleUp Credit Advisors, Brown spent four years as Chief Risk Officer at OnDeck, where he grew a deep passion for supporting small businesses—leading him to CircleUp. With over 20 years of lending and fintech experience, Brown has also held leadership positions for global lenders, including Discover and Commonwealth Bank, giving him a deep understanding of the needs of small business borrowers. As President, he will focus on driving innovation and creating new credit offers that scale alongside early-stage brands, helping them to develop relationships with large retailers, access supplemental capital when raising equity, and avoid the dilution associated with equity-based capital.
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“CircleUp is leading the path for elevating entrepreneurs looking to scale their businesses with capital. I’ve seen first hand how powerful the impact of our credit solutions can be for early-stage companies,” said Nick Brown, President of CircleUp Credit Advisors. “Having Helio as a unique data resource allows us to create the very best products for startups of any size. I am excited to work with the entire CircleUp team to support scaling businesses.”
CircleUp Credit Advisors has disbursed more than $1.1 billion in loans with fewer than 0.5% losses since its inception in 2017. In 2021 the credit business experienced rapid growth with a 50% increase in daily outstanding principal balance.
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CircleUp’s Chief Executive Officer Nick Talwar said: “We are extremely excited to welcome Nick Brown to the CircleUp team. His deep expertise will accelerate our Credit business and bring a unique perspective on utilizing Helio’s data to help private businesses reach their goals. I am looking forward to partnering with Nick to scale CircleUp Credit Advisors and support a diverse group of entrepreneurs.”
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