RICHMOND, Va., May 22, 2024
/PRNewswire/ -- Koalafi, a financial technology company committed
to delivering inclusive financial products, announced the
appointment of Eric Kobe as President, effective May 13, 2024. In this role, Kobe will report directly to Boomer Muth, the
Chief Executive Officer of Koalafi. As President, Kobe will manage day-to-day operations to
steer Koalafi into its next phase of growth.
Kobe brings over two decades of
experience in executive leadership and strategy roles to Koalafi.
Most recently, during his tenure as Chief Executive Officer of
Groundspeed, the business generated 400% growth in annual recurring
revenue (ARR) before being acquired. Kobe held various management positions at
Affirm from 2016 through 2020, where he led the launch of Affirm's
entry into new verticals and helped expand their consumer lending
product suite.
"At Affirm, I witnessed the challenges that nearly 50% of
prospective customers faced when denied credit," said Kobe. "This represents a critical gap in
financial access for an underserved population needing to make
important purchases. This realization drove me to Koalafi, whose
commitment to financial inclusivity deeply resonated with me.
Koalafi's dedication to transparency and consumer-centricity aligns
perfectly with my vision for a more equitable financial
landscape."
Commenting on Kobe's
appointment, Boomer Muth shared, "We are thrilled to welcome Eric
to Koalafi. His alignment with our core values and extensive
strategic leadership experience make him the ideal leader to help
us dramatically scale our business in a way that's authentic to our
culture."
With Kobe onboard, Koalafi is
poised to leverage his expertise to accelerate innovation, enhance
operational efficiency, and deliver financial products that help
merchants and consumers grow.
About Koalafi
Koalafi (koalafi.com) offers convenient and transparent
financing options that enable non-prime consumers to make
life-changing purchases. With Koalafi, in-store and eCommerce
merchants can help more customers get the things they need, while
increasing sales and strengthening customer loyalty. Koalafi
believes that financing should be more than a payment plan, so they
offer customers clear terms, top-rated support, and credit bureau
reporting.
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SOURCE Koalafi