WILMINGTON, Del.--(BUSINESS WIRE)--Marlette Funding, LLC, a national marketplace for Best Egg unsecured personal loans, announced today Josh Tonderys has been appointed President for the fast growing marketplace lender.
“We are laser focused on being the long-term winner in this space and building a sustainable business that will prevail regardless of the economic cycle,” states Jeffrey Meiler, CEO and founder of Marlette Funding. “Josh is a proven innovator who has played a pivotal role in the development of our industry. We believe his leadership and experience coupled with our flexible platform and operating model strengthens our leadership position.”
The announcement comes on the heels of several major company milestones including originating over $2B in loans, celebrating its two year anniversary, signing several strategic partnerships and receiving Board approval to launch two new products.
Mr. Tonderys joins Marlette Funding with more than 16 years of experience in financial services, having most recently served as Chief Operating Officer (COO) and Chief Risk Officer (CRO) at Prosper Marketplace. Josh oversaw all aspects of risk management, including credit modelling and loan servicing. In addition, Josh was responsible for helping to manage the day-to-day operations of Prosper’s business, including overseeing the corporate development team and the customer experience for both borrowers and investors on the Prosper platform. In addition, during his tenure he attracted billions of dollars of investment capital to the marketplace.
Prior to Prosper Marketplace, Josh worked at Barclaycard US where he led their open market credit card business, Barclaycard’s largest portfolio with 1.2 million customers and assets of over $2.5 billion. “As a well-respected former colleague of many on Marlette’s Senior Leadership Team, we are delighted to have Josh join the business,” added Meiler.
“I am passionate about what marketplace lending has done for consumers and I believe that Marlette is uniquely positioned for success,” states Tonderys. “The team has strong roots in financial services and built an agile technology infrastructure to achieve great success for everyone in its partner ecosystem. I am thrilled to join the company at such a pivotal time and can only imagine what milestones we will report in the next 12 – 18 months.”
ABOUT MARLETTE FUNDING, LLC
Marlette Funding, LLC, is a national personal loan marketplace based in Wilmington, DE. Founded in August 2013, Marlette launched its first innovative online installment loan product offering, Best Egg, in March 2014.
Marlette Funding partners with Cross River Bank, Member FDIC, to grant Best Egg loans to consumers. Best Egg loan applications are processed online and approvals can take just minutes. Approved loan proceeds are typically funded in one day. Beyond its Best Egg product, Marlette plans to work with Banks, Financial institutions and other strategic partners to make its platform available to deliver co-branded, white label and other innovative loan products.