DigniFi Strengthens Risk Leadership with Appointment of Andrew Hill as Chief Credit Risk Officer

Industry veteran brings transformational credit experience from multi-billion dollar automotive and powersports financing platforms

SEATTLE--(BUSINESS WIRE)--DigniFi, a leading FinTech company specializing in access to automobile repair financing, today announced the appointment of Andrew Hill as Chief Credit Risk Officer. Hill brings over 15 years of consumer lending and AI-driven underwriting expertise, having previously led credit transformations at Octane Lending and Above Lending, where he scaled multi-vertical lending operations aligned with DigniFi's automotive financing mission.

Hill joins DigniFi following his leadership role at Octane, where he drove remarkable growth and risk optimization. Under his guidance, annual originations expanded 5x to $1.2 billion while reducing loss rates by nearly 50%. His experience includes expansion into automotive and powersports financing, categories central to DigniFi's core mission of providing accessible repair financing solutions.

Throughout his career, Hill has securitized over $2 billion in loans, achieving AAA ratings from S&P and KBRA, and partnered with tier-1 banking institutions. His combination of analytical rigor, rooted in his Master's in Astronomy & Astrophysics from the University of Chicago, and expertise in AI-driven credit modeling positions him to uncover opportunities in complex credit environments while maintaining disciplined risk management.

"Andrew's proven ability to scale consumer lending operations while reducing risk is exactly what DigniFi needs as we expand our market leadership in vehicle service financing,” said Neeraj Mehta, CEO of DigniFi. "His experience growing Octane's financing business 5x while cutting losses in half demonstrates the disciplined growth approach that will accelerate our mission of making repairs, warranty coverage and preventative maintenance, accessible to more consumers."

Hill's appointment comes as DigniFi continues to scale its innovative vehicle service financing platform. His ability to balance rapid growth with risk discipline aligns perfectly with DigniFi's mission to expand financial access while maintaining portfolio quality. The addition strengthens DigniFi's leadership team following recent appointments, including CFO Eileen Cavanaugh and three new board members in January 2025.

"DigniFi's technology-forward approach to service financing represents a massive opportunity to serve underbanked consumers while building a profitable business," said Hill. "I'm excited to help DigniFi become the definitive leader in this critical market segment."

Hill's background combines deep technical expertise with practical leadership experience, having been raised on an Indiana farm before pursuing advanced studies in Astronomy & Astrophysics at the University of Chicago.

Hill will be based in New York and reports directly to CEO Neeraj Mehta.

About DigniFi

DigniFi, established in 2012, is a FinTech company dedicated to providing customers with access to fast, easy financing solutions through dealerships nationwide. Our innovative platform helps auto dealers and small to medium-sized businesses boost revenue while enhancing customer satisfaction with accessible and inclusive financing options. Customers can prequalify for financing in minutes from their smartphones, streamlining the process for on-the-spot financing. To date, DigniFi has helped dealers and small businesses nationwide secure nearly $515 million in incremental transactions. Visit DigniFi.com.