Career moves

Herio Capital Lands a Goldman Exec

Founded by OnDeck alum Sherif Hassan, Herio Capital has made significant strides since their launch in April 2015 originating more than $16million in small business loans to-date.  Herio combines automation with human insight to qualify both long standing businesses as well as those that are earlier in their growth phase.

Joining Herio’s team last month as CFO is Sonny Cheng an executive who spent more than 15 years with Goldman’s Prime and Hedge Fund Services groups.  Working heavily with product development and IT teams, Mr Chang oversaw clearing, custody, margin, infrastructure and financial reporting for more than 75 hedge fund clients with assets of more than $25billion.

Sonny’s addition rounds out an executive suite which includes Patrick Janson Co-Founder and head of Product Management as well as Drew Batiato, Director of Credit operations.

More information on Herio Capital :

Herio Capital – New York, NY

Herio Capital is a financial technology company focused on providing loans to small businesses. By using the right mix of automation and human insight, Herio provides business owners with working capital in as little as 48 hours. Herio’s lending process is friendly and clear. We evaluate the overall health of our client’s businesses, with personal credit playing a minor role. Our credit model rewards small businesses with strong histories and strives to accommodate those that are still building. Our technology and innovative process allows us to spend quality time working with our clients and partners. We provide them with deep insight and transparency on each loan request. The founding team at Herio has funded over $1.5 billion in loans to more than 10,000 small businesses in 700 industries.

 

Founded:

2015

Company URL:

https://heriocapital.com

Number of Employees:

11-50

Countries of Operation:

United States”

Author : Drew Froelich

About the author

George Popescu

Serial entrepreneur.

George sold and exited his most successful company, Boston Technologies (BT) group, in 2014. BT was a technology, market maker, high-frequency trading and inter-broker broker-dealer in the FX Spot, precious metals and CFDs space company. George was the Founder and CEO and he boot-strapped from $0 to a $20+ million in revenue without any equity investment. BT has been #1 fastest growing company in Boston in 2011 according to the Boston Business Journal and the only company being in top 10 fastest in 2012-13 as it was #5 in 2012. BT has been on the Inc. 500/5000 list of fastest growing companies in the US for 4 years in a row ( #143, #373, #897 and #1270). After the company sale in July 2014 until February 2015 George was Head-of-Strategy for Currency Mountain ( www.currencymountain.com ), a USD 100 million+ holding company focused on retail and medium institutional currencies, precious metals, stocks, fixed income and commodities businesses.

• Over the last 10 years, George founded 10 companies in online lending, craft beer brewery, exotic sports car rental space, hedge funds, peer-reviewed scientific journal ( Journal of Cellular and Molecular medicine…) and more. George advised 30+ early stage start-ups in different fields. George was also a mentor at MIT’s Venture Mentoring Services and Techstar Fintech in NY.

• Previously George obtained 3 Master's Degrees: a Master's of Science from MIT working on 3D printing, a Master’s in Electrical Engineering and Computer Science from Supelec, France and a Master's in Nanosciences from Paris XI University. Previously he worked as a visiting scientist at MIT in Bio-engineering for 2 years. George had 3 undergrad majors: Maths, Physics and Chemistry. His scientific career led to about 10 publications and patents.

• On the business side, Boston Business Journal has named me in the top 40 under 40 in 2012 in recognition of his business achievements.

• George is originally from Romania and grew up in Paris, France.

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