Serial Entrepreneur Arkadi Kuhlmann Joins Payoff’s Board of Directors

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Founder of ING Direct and CEO of Savings excited to lend his support to Payoff’s empowerment mission.

By blending the right mix of optimism and realism with its customers, Payoff will improve the financial lives of a significant number of Americans.

Payoff, Inc. is excited to announce that global entrepreneur and Founder, CEO of Zenbanx, Arkadi Kuhlmann, has participated in its recent investment round and also joined Payoff’s Board of Directors. Mr. Kuhlmann is a serial entrepreneur, best known for founding ING Direct, and has been involved in 6 banking startups. He is welcomed to the Payoff Board to join currently serving members Mohamed El-Erian (Former CEO, Pimco), Arianna Huffington (Founder, President, Huffington Post Media Group), Joe Saunders (Former CEO, Visa), Sean Park (Founder, Chairman, Anthemis Group), Jim Lane (Former Partner, Goldman Sachs), and Scott Saunders (Founder, CEO, Payoff).

“I’ve had the pleasure of knowing Arkadi for several years, and have appreciated his mentoring and friendship,” said Scott Saunders, Payoff Founder and CEO. “It is an exciting day for us at Payoff to welcome him to our Board. His status as the ‘CEO of Savings’ is well deserved. We strive to help consumers to save more money through Payoff and I’m confident that Arkadi will help us do it with an increasing zeal.”

Arkadi said, “As an entrepreneur never satisfied with the status quo, Scott reminds me a lot of myself. I’ve watched him build Payoff into a formidable platform to redefine consumer finance, and I’m excited to be a part of it. By blending the right mix of optimism and realism with its customers, Payoff will improve the financial lives of a significant number of Americans."

As highlighted in a recent analysis and accompanying infographic, Payoff has identified nearly 20 millions creditworthy Americans who carry significant monthly credit card balances. On average those balances and minimum monthly payments could cost them more than $250,000 in potential retirement savings vs. refinancing and paying them in the next few years.

Founded in 2009, Payoff, Inc. (http://www.payoff.com) is a consumer-focused digital finance company. Payoff builds transparent and empowering financial products with the customer’s best interest in mind. Payoff is backed by top-tier venture capital firms and some of the most prominent individuals in financial services. You can learn about opportunities to join Team Payoff, recently rated a Top Workplace in Orange County, at http://www.payoff.com/careers.

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Carey Ransom
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