Progressa appoints Jason Wang as Vice President Risk Analytics and Karim Nanji as Vice President of Product & Partnerships

TORONTO, ON and VANCOUVER, BC--(Marketwired - December 05, 2016) - Vancouver-based financial technology lender Progressa announced today a series of Vice President appointments. First, the appointment of Jason Wang as its new Vice President of Risk Analytics, based in the Toronto - North York office. With this hire, Progressa has attracted one of Toronto's most talented financial services professionals. Jason has over a decade of experience in banking and credit, with prior experience at CIBC, American Express, and most recently as TransUnion's Director of Research. In the role of VP Risk Analytics, Jason will work with both Progressa's credit risk and underwriting teams in Toronto and the data science and infrastructure development teams in Vancouver to expand the company's origination platform.

The Company is also pleased to announce the addition of Karim Nanji, Vice President of Product & Partnerships, to its Vancouver team. Karim is a well respected technology professional with direct experience scaling financial technology companies, such as Crelogix and TIO Networks. His experience will be especially valuable as Progressa expands its product offerings and strategic partnerships across Canada, while scaling its customer facing technology platforms to meet greater demand.

Progressa CEO Ali Pourdad comments: "Progressa is experiencing a phenomenal year of growth, and these hires are a testament to both the Company's execution strategy, and our commitment to investors and institutional partners to grow and preserve capital in a responsible manner." Progressa will expand its product offering and diversify its customer acquisition channels in 2017; both Jason and Karim will complement the existing executive team during this next phase of Progressa's growth. As a fast-growing Fintech company, Progressa's strategic focus will continue to balance the need for innovative product design with the desire to retain comprehensive institutional risk management oversight.

Adding to its senior management bench strength has also created new opportunities for creative expansion of talent within Progressa. The Company has also announced that Nathan Slee, Progressa's Chief Credit Officer since its inception in 2013, will be shifting from his current role to that of Chief Innovation Officer. Mr. Pourdad further comments "The ability to dedicate such a talented individual specifically to the pursuit of innovation will no doubt be an advantage in our market, where business and service models continue to evolve at a rapid pace, and success is defined by the ability not just to keep up, but to stay ahead of the curve."

About Progressa

Progressa is Canada's fastest growing financial technology lender focused on helping non-prime and near-prime Canadians seeking to improve their financial health. We serve the over three million Canadians who have had their credit rating impacted by overdue bills and items that have gone to collections. By building a loan that fits their budget and using it to pay their overdue bills directly, we help our customers reduce their debt load and establish or rebuild their credit score and offer automatic interest rate reductions over the course of all our loans. With the help of advanced data science and analytics we can effectively and efficiently evaluate credit risk and provide loans where traditional institutions are not willing. For more information, visit ​​www.progressa.com​.