NEW YORK–(BUSINESS WIRE)–YieldStreet, the fintech company seeking to change the way we invest and accumulate wealth, announced the addition of three new members to its advisory board: Ron Suber of Prosper Marketplace, Alexandra Wilkis Wilson of Gilt, and Mitch Jacobs of OnDeck.
The three new members join an elite team of advisors whose deep expertise spans technology, investing, policy and financial services. The current members include economic policy expert Donald Marron Jr. of the Urban Institute, Rahul Gupta former Group President of Fiserv (NASDAQ: FISV), Mark Gerson founder of GLG, former House Majority Whip Tony Coelho, and Todd Deutsch formerly of Goldman Sachs.
“We have seen tremendous growth this year of both YieldStreet’s business and its reputation as a disruptive fintech company,” said Milind Mehere, CEO. “We’re excited that these three incredible entrepreneurs are joining the advisory board. Ron will help us navigate the alternative lending and capital markets landscape, Alexandra brings brand expertise on providing value to millions of consumers, and Mitch’s experience in scaling fintech companies will be invaluable.”
About the new Advisory Board members:
Ron Suber is president emeritus and senior advisor at Prosper Marketplace. Dubbed the “godfather of fintech” by San Francisco Business Times, Suber is the “go-to” guy for fintech innovation. He is a regular keynote speaker at alternative finance conferences, and is one of the foremost advocates for the online lending industry. He is a debt and equity investor and advisor to several fintech organizations.
Prior to joining Prosper in 2013, he served as Managing Director at Wells Fargo Securities. Previously, Suber was a Senior Partner for Merlin Securities, President of Spectrum Global Fund Administration, and spent 14 years at Bear Stearns as Senior Managing Director and Manager of Global Clearing Sales.
“YieldStreet’s platform is quickly changing the whole approach to investing for retail and institutional investors,” Suber said. “I am not surprised by their growth as they are unlocking wealth potential never seen before. This is why I am both a user on the platform and an equity investor.”
Alexandra Wilkis Wilson is co-founder of Gilt Group and GlamSquad, and currently co-founder and CEO of Fitz. Gilt changed the way millions shop online and created unparalleled user experience and customer loyalty.
Wilkis Wilson is an entrepreneur who has established herself as an innovator and leader in digital commerce, retail, merchandising and marketing. She has a proven track record building and operating early stage, fast growing consumer facing businesses and creating powerful brands. Wilson co-founded Gilt in 2007 which was ultimately sold to Saks Fifth Avenue parent company Hudson’s Bay Company in 2016.
“I was a user first. My experience creating loyalty with consumers will help YieldStreet reach more investors. I am excited to collaborate with the team on how to create a trusting brand,” said Wilkis Wilson.
Mitch Jacobs is founder and former CEO of OnDeck and a financial technology entrepreneur. Jacobs has been founding and launching companies since starting his first in his Dartmouth dorm room 20 years ago. His first two companies were sold to public companies and OnDeck (NYSE: ONDK), is now at more than $275 million in annual revenue. He most recently founded his fourth Main Street focused startup FanBank, a commerce operating system for small businesses.
“YieldStreet is using data to automate credit underwriting for the alternative industry, which hasn’t been done before,” said Jacobs. “I am excited by the traction they are getting.”
YieldStreet is a new way to invest, providing access to asset based investments historically unavailable to most investors. YieldStreet allows you to effortlessly participate in opportunities with low market correlation and target yields of 8-20%, across litigation finance, real estate and other alternative asset classes. We believe our technology platform creates a unique experience for investors at every level and provides valuable diversification and strength to most portfolios. Join the movement at www.yieldstreet.com.