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Bernardo Martinez Steps Down as Managing Director Funding Circle US

Martinez served as managing director of Funding Circle US for more than two years and is now returning to PayPal.

May 7, 2020 By Ryan Lichtenwald Leave a Comment

Views: 632

We have recently learned that Bernardo Martinez is stepping down from his role as US Managing Director of Funding Circle. Bernardo started leading Funding Circle US in March 2018 when industry pioneer Sam Hodges stepped down. Before his role at Funding Circle, Bernardo was head of PayPal Working Capital.

Interestingly, Martinez is returning to PayPal in a new global role after his two year stint at Funding Circle. Vipul Chhabra is stepping in to fill the role as interim managing director. Chhabra is Funding Circle’s Global Head of Data and Analytics and has been working in financial services for two decades spanning roles at Capital One and Citigroup.

Martinez provided the following statement as part of the news:

 I’m extremely proud of my work with Funding Circle US over the past two years. Our goal has always been to support American small businesses—the backbone of the economy—and I can truly say that Funding Circle US is at the forefront of aiding small businesses, even in a historic crisis. While my time with Funding Circle US is coming to a close, I’m confident that the company and it’s leadership will continue to innovate and deliver for small business owners.
Interim managing director Vipul Chhabra had this to say:
Having launched our Paycheck Protection Program lending, this is a historic period for Funding Circle. I’m committed to our mission of supporting and funding American small businesses, which is as important today as it’s ever been.

Conclusion

Funding Circle is among the fintech lending leaders serving small businesses in the US. The company recently was approved by the SBA to issue loans under the Paycheck Protection Program. We continue to follow the work Funding Circle is doing closely and wish Martinez the best of luck in his new role at PayPal.

Filed Under: Peer to Peer Lending Tagged With: Bernardo Martinez, Funding Circle, Funding Circle US, PayPal

Views: 632

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ABOUT LENDIT FINTECH NEWS

LendIt Fintech News, Powered by Lend Academy, has been bringing you all the news and information about fintech and online lending since 2010 when it was founded by Peter Renton. We not only have the industry’s most active news site, but also the largest investor forum and the first and most popular podcast.

We are a team of fintech enthusiasts who have been covering the industry for many years. With a deep knowledge of online lending, digital banking, blockchain, artificial intelligence and more our team covers the daily news and writes in-depth editorials.

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