SOURCE: Dealstruck

Dealstruck

January 29, 2015 08:00 ET

Direct Lender Dealstruck Appoints Senior Quantitative Risk Analyst

Shuo Xie's Appointment Will Accelerate the Company's Development of Alternative Data Sources to Model Against Risk and Default

SAN DIEGO, CA--(Marketwired - Jan 29, 2015) - Online direct lender Dealstruck, Inc. has appointed quantitative expert Shuo Xie for the role of Senior Quantitative Risk Analyst. The position was created as a result of Dealstruck's rapid growth, and will serve an important role in the alternative lender's future growth as the company continues to look to alternative data sources to manage risk at scale.

Prior to Dealstruck, Xie served as an International Project Manager at wikiHow and Research Assistant at the Stanford Graduate School of Business, Quantitative Marketing Group. At Dealstruck, Xie will work with Dealstruck's Director of Risk Analytics, Professor Kay Giesecke, to maximize the extension of credit to small businesses, while providing investors with a more transparent, objective and granular understanding of the economics and riskiness of their investments.

"Shuo's experience at Stanford and wikiHow makes her the perfect addition to the Dealstruck family," said Ethan Senturia, Dealstruck co-founder and CEO. "We have experienced record growth, and using data to appropriately manage risk is paramount to the way we do business. Shuo's proficiency in predictive modeling will ensure we're able to say 'yes' to as many borrowers as possible, while also providing them with what they need to succeed."

"Dealstruck has made tremendous progress under Ethan's leadership," said Xie. "I look forward to joining this talented team and contributing to the company's next phase of growth."

Dealstruck was the first online lender to offer both term loans and an asset based lines of credit to growing, profitable small businesses. The term loan offers manageable, fixed monthly payments and the line of credit lets companies access cash immediately and only pay down the balance as their customers submitted payments. This growth capital lets businesses leverage and maintain their rapid growth by enabling them to focus on the core, day-to-day operations of their business.

About Dealstruck
The Dealstruck lending marketplace connects profitable, small- and medium-sized businesses (SMBs) with innovative credit solutions funded by individual and institutional accredited investors. Unlike the one-size-fits-all approach offered to them by banks and the high-cost, short-term credit offered to them by alternative lenders, Dealstruck provides growing SMBs with a suite of products that give them a credible and transparent path to bankable. Dealstruck is the first online lending platform to offer multiple products to SMBs, and the first to allow investors the freedom to choose specific investments. For more information, please visit https://www.dealstruck.com/.