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.
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