Happy Money Appoints Fintech Pioneer Jason Altieri as General Counsel and Chief Compliance Officer as Demand for Digitally Native Fintech and Paying Down Consumer Debt Emerge as Key Trends

Rhea-AI Summary

Happy Money has appointed Jason Altieri as General Counsel and Chief Compliance Officer amidst growing demand for its financial services, aimed at helping borrowers become savers. Altieri, with over 12 years of experience, previously contributed to Lending Club's successful $1 Billion IPO. His expertise is expected to bolster Happy Money's mission of enhancing financial wellness, particularly as consumer interest in digital financial services rises amid economic uncertainty. The company's unique model is powered by mission-aligned Credit Unions, helping over 80,000 members pay off nearly $1.5 billion in debt.

Positive

• Appointment of experienced General Counsel expected to strengthen regulatory compliance.
• Increased demand for digital financial services aligns with company’s growth strategy.
• Mission-aligned Credit Unions funding support sustainable growth.

Negative

• Potential concerns about continuity in leadership experience.
• Dependence on external economic conditions may affect business stability.

ORANGE COUNTY, Calif., June 29, 2020 /PRNewswire/ -- As America looks to heal from the economic upheaval driven by the COVID-19 pandemic, Happy Money® is emerging to meet a growing demand for its financial tools and services that eliminate debt and improve happiness by Helping Borrowers Become Savers™.  As a part of its growth, the company has added fintech pioneer Jason Altieri as General Counsel and Chief Compliance Officer.

Over the last 12 years, Jason has led legal, regulatory and compliance functions for several leading Silicon Valley companies, including MetroMile, Inc., Roofstock, Inc. and Corefino, Inc.  As General Counsel, Corporate Secretary, and Chief Compliance Officer at Lending Club, he led the company's successful $1 Billion public offering (NYSE: LC) in 2014 and was also named General Counsel of the year by the San Francisco Business Times that same year.

"Jason's vast legal, regulatory and compliance experience along with his strategic approach and industry understanding is critical as we continue to grow and build a new, happier and more sustainable financial system," said Founder and CEO of Happy Money, Scott Saunders.

Altieri joins Happy Money as consumer demand increases for digitally native financial services and an appetite to pay down debt increases with economic and pandemic uncertainty.  The company's unique business model is funded through mission-aligned Credit Unions which, unlike many capital market-driven platforms, continue to issue loans through the Happy Money platform in these challenging times.

"Happy Money's strong, dedicated team, along with Scott's vision to reorient the consumer relationship so that it's not focused on debt but on building overall financial wellness drove my decision to join the team.  Happy Money is thoughtfully expanding access to financial services by eliminating people's debt and creating a network of aligned credit union partners, doing away with the need for antiquated models that stunt people's financial development," said Altieri.

About Happy Money
Happy Money® is a financial technology company, delivering digitally-native financial tools and services for human happiness™ through its purpose-driven marketplace between mission-aligned capital and consumers. Happy Money is creating an alternative to the "Sad Money™" system with a connected ecosystem of consumer financial products designed to help borrowers become savers. Happy Money. A Happier Future.™

Backed by leading investors including Anthemis Group, Tencent Holdings and CMFG Ventures, Happy Money has helped over 80,000 members pay off nearly $1.5 billion in credit card debt. Founded in 2009, Happy Money has a diverse employee base of over 270 people and is based in Orange County, California. For more information, please visit www.happymoney.com.

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SOURCE Happy Money

FAQ

Who is Jason Altieri and what is his role at Happy Money?

Jason Altieri is the newly appointed General Counsel and Chief Compliance Officer at Happy Money, bringing extensive legal and compliance experience from Silicon Valley.

Why did Happy Money appoint Jason Altieri?

Happy Money appointed Jason Altieri to leverage his legal expertise as the company expands its services amid growing demand for financial tools.

What impact might Altieri's appointment have on Happy Money?

Altieri's appointment may enhance regulatory compliance and strengthen Happy Money's ability to navigate the evolving financial landscape.

How has Happy Money performed in terms of debt relief?

Happy Money has helped over 80,000 members pay off nearly $1.5 billion in credit card debt.

What is Happy Money’s business model?

Happy Money operates a marketplace that connects consumers with mission-aligned Credit Unions to provide financial services and promote savings.