Kafene, a one-stop-shop point-of-sale payment partner and underwriting technology platform that helps merchants offer flexible lease-to-own (LTO) purchase options for prime and nonprime consumers, announced that Roland Jeon has been named the company’s first Chief Financial Officer.
Kafene had raised $75 million in 2021.
Kafene is a one-stop-shop point-of-sale payment partner and underwriting technology platform that helps merchants offer flexible lease-to-own (LTO) purchase options for prime and nonprime consumers.
Roland brings over a decade of experience as a flexible capital investor across various asset classes and industries, including specialty finance, having deployed and managed more than $1 billion of capital in private and public investments at leading asset management firms such as The Blackstone Group and Atalaya Capital Management. Roland began his career as a member of the financial institution’s investment banking team at Citigroup. Roland holds a B.S. and B.A. with the highest distinction from the Schreyer Honors College of the Pennsylvania State University.
Latest Fintech News: Beroe Partners With Makersite to Build More Resilient Supply Chain
“As Kafene continues to scale rapidly, Roland brings a well-demonstrated ability and aptitude to set the strategic direction of our finance organization as we bring our platform to more merchants, markets, and consumers,” said Neal Desai, Co-Founder & Chief Executive Officer, Kafene.
Neal added, “Roland has a very impressive track record that includes investing and operational experience that will each be pivotal in the continuing growth and evolution of our company. We’re excited to have him on board.”
Kafene is backed by Third Prime, Valar Ventures, Company Ventures, Global Founders Capital, Uncorrelated Ventures, and other investors.
Recommended: San Jose is The Top City for Small Business in 2022
[To share your insights with us, please write to sghosh@martechseries.com]
