Capital Access Network Announces New Digital Team to Accelerate Technology Innovation and Launch Online Lending Engine CapTap

Company Bolsters its Silicon Alley and New York City Technology Talent to Further Drive Digital Initiatives

NEW YORK--()--Capital Access Network, Inc. (CAN), a next-generation small business finance provider, has announced the creation of a digital team as part of its commitment to technology innovation and connecting small businesses to the working capital they need to grow. The digital team’s first initiative is to launch CapTap, which is CAN’s new online lending engine that will transform traditional small business finance. CapTap removes friction from the financing process, providing a simplified experience for small businesses with its data-driven lending platform that provides access to capital based on business performance, not just credit scores.

CAN’s digital team is led by Eric Burd who serves as CapTap’s vice president and general manager. Mr. Burd brings nearly two decades of product management and development experience to CAN. He joins CAN from recruitment network TheLadders, where he served as vice president of product and oversaw overall product strategy and development for the company’s business-to-business and business-to-consumer subscription services. Prior to TheLadders, Mr. Burd served as vice president, product marketing and management for SchoolNet (acquired by Pearson), where he was the recipient of three CODIE awards, the first product award in the company’s history. He has also held positions at HP and Apple Computer CIS Russia. He holds a MBA from Columbia Business School and a B.A. from the University of Colorado.

“For the last 14 years we’ve led the transformation in the way small businesses access the capital they need to succeed, and the creation of our new digital team is indicative of the next chapter in our commitment to innovating small business finance,” said Glenn Goldman, chief executive officer of Capital Access Network. “Capital Access Network was founded because we knew there was a better way to evaluate financial risk by leveraging data and looking at a business as a whole rather than just credit scores. Having connected thousands of small businesses to more than $2.6 billion, we have unparalleled experience, data and technology. Today we’re excited that Eric and the entire digital team have joined us to harness our proprietary assets and drive forth the next phase of our company’s growth.”

CAN also welcomes additional members to its digital team, including Daniel Flax, who will serve as vice president of engineering; Jodi Leo as vice president of design; and Inna Kurbatsky as director of digital marketing.

Mr. Flax has served in financial and information systems engineering for over 15 years. He served as chief information officer at TheStreet and at Cowen and Company prior to joining the digital team. Mr. Flax also worked as managing director of Trading Systems at NYSE Euronext, where he led the technology transition to Hybrid Market. He earned a B.S. in Electrical Engineering from Columbia University.

Ms. Leo brings over a decade of product design expertise to the digital team. She served as director of innovation at Fidelity Investments, where she was awarded a patent for designing a simplified web application for millions of workplace investors. Following Fidelity, Ms. Leo served as director of user experience both at digital agency, Barbarian Group, and prior to its Facebook acquisition, Bolt | Peters research and design company. She is the founder of an artist's residency program, a product mentor at TechStars NY, and a professor at the School of Visual Arts MFA in Interaction Design. She has a B.A. in Fine Arts and English from Georgetown University.

Ms. Kurbatsky brings significant expertise in digital and social marketing, thought leadership, and financial services to lead customer acquisition for digital initiatives. Her specialty in customer acquisition started at Datek Online, where she acquired 50 percent of the company's brokerage customers with pioneering digital marketing strategies. Following Datek, Ms. Kurbatsky managed e-commerce marketing at Reuters and CRM marketing at E*TRADE Financial. Most recently she directed strategic marketing at The Energy Project, a consultancy founded by New York Times-bestselling business author Tony Schwartz. Ms. Kurbatsky has a B.S. in Business Administration from The State University of New York at Buffalo.

About Capital Access Network, Inc.

Since 1998, Capital Access Network, Inc. (CAN) has provided small businesses access to $2.5B in working capital through its subsidiaries, NewLogic Business Loans, Inc. and AdvanceMe, Inc. CAN’s award winning technology platform automatically evaluates a multitude of business performance variables by integrating big data from firmographic, banking, and credit card processing sources with proprietary risk models built from over 100,000 transactions over multiple business cycles in over 650 SIC codes. This enables CAN to have unparalleled insight into the strength of the business and provide access to capital based on business performance rather than personal credit scores of the business owners. CAN also supports small business finance providers desiring more finance options for their own customers in the U.S. and internationally. All business loans obtained through CapTap and NewLogic Business Loans are made by WebBank, a Utah-chartered Industrial Bank, Member FDIC. Learn more at CapTap.com and CapitalAccessNetwork.com.

Contacts

Allison+Partners for Capital Access Network
Kate Finnerty, 646-428-0635
kate.finnerty@allisonpr.com
or
Alexandra Gardell Kreuter, 646-428-0618
alexandra@allisonpr.com

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Contacts

Allison+Partners for Capital Access Network
Kate Finnerty, 646-428-0635
kate.finnerty@allisonpr.com
or
Alexandra Gardell Kreuter, 646-428-0618
alexandra@allisonpr.com