Aura CEO Steps Down to Seek Financing Deal

The CEO of online consumer lender Aura, James Gutierrez, has stepped down from day to day operations in order to help arrange a financing deal to save the company; Gutierrez is trying to eliminate any conflicts of interest as he intends to be part of the financing solution; Aura named Anne Myong as its interim CEO, Myong is a former Walmart executive who joined Aura as chief financial officer earlier this year; the company has recently faced an uphill battle with the pandemic hitting communities of color significantly harder; “As we know, COVID-19 has created so much hardship in the nation, disproportionately affecting communities of color,” Board Member Dean Florez said Monday in a blog post published by the company. “As we look to the future, Aura will continue to support its borrowers and lead the way in the fight for economic justice.” American Banker.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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