LEAP Auto Loans Names Kyle Kolsky Director of Business Development

Brings Broad Expertise in Prime and Subprime Consumer Lending to Accelerate Growth

SAN DIEGO--(BUSINESS WIRE)--LEAP Auto Loans, an auto leasing company serving consumers that have difficulty obtaining credit, has named Kyle Kolsky as Director of Business Development for the consumer channel. Kolsky will help the company continue its rapid growth in this niche customer segment.

“His track record with other companies in the auto channel will facilitate LEAP’s expansion as more credit-challenged consumers look for opportunities to finance their vehicles.”

“Kyle brings 10 years of consumer lending experience in both prime and subprime auto finance and direct mortgage banking to our team,” said Tim Condon, President and Founder of LEAP Auto Loans. “His track record with other companies in the auto channel will facilitate LEAP’s expansion as more credit-challenged consumers look for opportunities to finance their vehicles.”

Kolsky’s experience spans management and leadership roles at HSBC Auto Finance, College Loan Corporation, Gateway, Pepsi and Deloitte & Touche. At HSBC, he was Senior Product Manager in Product Marketing and Strategy, leading the channel development of the prime and near prime auto program, which added over $1 billion in originations annually. Prior to that, Kolsky managed HSBC’s sales operations team for the dealer channel, supporting and driving over $3 billion in annual originations through a network of 10,000 dealerships across the country.

More recently, he served as an industry consultant in auto finance, working with well-known auto finance industry companies to improve their profitability through better pricing strategies. Kolsky also brings additional consumer experience from Gateway Computers and Pepsi/Taco Bell.

Kolsky has an MBA in Finance from Loyola Marymount University and an undergraduate degree in Economics from Washington State University.

Recently, LEAP Auto Loans was named one of San Diego Venture Group’s 25 Cool Companies for its 9^th Annual Venture Summit. The networking group, comprised of start-ups and venture capital investors, recognizes 25 companies each year for their innovation and growth potential. LEAP was a unique selection among the other high-tech and bio-tech companies on this year’s list. The company will be honored at San Diego Venture Group’s summit.

For more information about LEAP and how it can benefit your business or clients, please contact Lindy Hood at [e-mail].

About LEAP Auto Loans

LEAP, headquartered in San Diego, CA, is an auto leasing company serving consumers that have difficulty obtaining credit. The company’s unique product enables customers who are unable to qualify for traditional financing to lease a vehicle. Customers are sourced through referrals from business partners and direct-to-consumer marketing. Backed by Austin Ventures and staffed with experienced auto finance professionals, LEAP is currently operating in most states. Visit www.leapautoloans.com for more information.

About Austin Ventures

Austin Ventures (“AV”) has worked with talented entrepreneurs to build valuable companies for over twenty-five years. With $3.9 billion under management, AV is the most active venture capital and growth equity firm in Texas and one of the most established in the nation. Visit www.austinventures.com for more information.