LenddoEFL Announces Paolo Montessori as its New Chief Executive Officer

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LenddoEFL appoints new Chief Executive Officer as company enters new chapter.

Paolo Montessori, LenddoEFL CEO

“It has been an honor to be part of LenddoEFL for the last 4 years. Now, leading the team will be an even greater honor, as we fulfill our mission to financially include 1 billion individuals and SMEs around the world..."

LenddoEFL announced the appointment of Paolo Montessori as the new Chief Executive Officer succeeding Richard Eldridge, who is moving into a non executive role after co-founding Lenddo back in 2011.

“Paolo has been working closely with me over the last 4 years as COO and has demonstrated all the qualities the organization needs to grow in 2019 and beyond. With his experience in the fintech sector in emerging markets, as a previous CEO of a listed company and his intimate knowledge of LenddoEFL, I am confident that Paolo will take the company to the next level”, said Richard Eldridge.

Montessori joined LenddoEFL in 2015 as Chief Operating Officer after over 20 years of multinational experience in the Financial Services, IT and Telecom sectors and is widely regarded as a pioneer in the digital payments sector. Montessori started his career in the public market domain, raising venture capital funds in the U.S. and Canada before moving his focus to pursuing his passion to bring development to the people of emerging economies facilitated by innovative technology. Prior to joining LenddoEFL, Montessori was CEO of eServGlobal where he accomplished significant growth, streamlined the business and formed a market leading joint venture with MasterCard facilitating international remittance and payments in emerging markets.

“It has been an honor to be part of LenddoEFL for the last 4 years. Now, leading the team will be an even greater honor, as we fulfill our mission to financially include 1 billion individuals and SMEs around the world. I am confident that the team we have built will bring the organization to its next chapter. I would like to thank Richard and the Board of Directors, for the trust they have given me. I look forward to continuously working closely with them, as we step into our growth phase.”

In the last 8 years, LenddoEFL has seen explosive growth, achieving 100% year on year growth and completed a successful merger with EFL to expand its offering. LenddoEFL has received numerous accolades from various financial organizations, most notably from the World Economic Forum, The Fast Company, Lendit and recently from Monetary Association of Singapore.

About LenddoEFL
Our mission is to provide 1 billion people access to financial services at a lower cost, faster and more conveniently, by providing alternative data driven decision solutions. To date, LenddoEFL has provided credit scoring and verification to 50+ financial institutions, serving 8+ million people and lending $2.5+ billion USD. Find more information at https://include1billion.com

Contact info:
Florentin Lenoir, Chief of Staff
Organization: LenddoEFL
https://include1billion.com
Address: #05-08, 79 Ayer Rajah Crescent, Block 79, Singapore 139955

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Karla Joaquin
LenddoEFL
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