Suzan Chaffin, Executive Vice President of Solutions at LoanPro, the API-first modern credit platform, announced today that she has joined the company's leadership team as an executive vice president.
As part of her new role, Suzan Chaffin will assist organizations in launching credit card offerings and will further enhance LoanPro's modern credit platform.
She has extensive experience in the credit lending and card spaces, having held the position of Senior Director of Technical Solutions at Galileo for the last three years. She was influential in the growth of Galileo as well as the acquisition of the company for $1.2 billion by SoFi in 2020. Suzan's deep card expertise will help to drive exponential growth for LoanPro's credit card offering, including working with a network of partners to deliver best-in-class technology to any organization who wishes to launch a credit card.
Suzan is a seasoned executive in the credit lending and card space, most recently serving as Senior Director of Technical Solutions at Galileo, where she had a significant influence in the growth of Galileo and its acquisition by SoFi in 2020, which resulted in a $1.2 billion valuation. In addition to her extensive experience in credit card management, Suzan will also work with a network of partners to provide best-in-class technology to all organizations interested in launching a credit card, which will result in exponential growth for LoanPro's credit card offering.
With a recent report from the Consumer Financial Protection Bureau indicating that 74% of U.S. adults have at least one credit card, with over 89 million new credit cards being issued every year, the card remains overwhelmingly popular in 2024 among consumers of all credit profiles. Additionally, a growing number of businesses are using cards as a flexible spending tool to finance day-to-day purchases. In 2024, there has been a record increase in both the number of new credit cards as well as the average balances on these cards.
She has been hired to join LoanPro at a time when the company is expanding their offerings for line of credit and credit cards, which will enable card providers to issue and manage cards from a single platform for credit card providers. The LoanPro platform is built on an API-first modern lending core, which seamlessly integrates with all the features an organization will need to launch a credit card program, greatly simplifying the technical requirements to create a new credit card program.. Additionally, LoanPro provides comprehensive solutions for origination, servicing, collections, and payments that drive operational efficiency and reduce default rates in addition to this technical foundation.
Additionally, LoanPro provides comprehensive solutions for origination, servicing, collections, and payments that drive operational efficiency and reduce default rates in addition to this technical foundation.
During her tenure at LoanPro, Suzan will be in charge of the Solutions division in Revenue to ensure that customers can go-to-market with credit card programs that provide value and capture market share for their customers. Not only will she play a crucial role in supporting clients as they onboard and launch with LoanPro, but she will also ensure that customers have a strong voice in guiding LoanPro's product roadmap, resulting in a cycle of feedback between customers, solutions, and developers.
The LoanPro platform is an absolute powerhouse, Suzan told me. She said that the platform is an elegant solution for card providers, providing them with the simplicity they need to launch programs quickly, while also offering a robust configuration system. In addition to that, they have tools for state and federal compliance, integrations and partnerships with top card issuers, and a scalable solution for enterprise clients. I am really looking forward to seeing what we can achieve together."
Visit Loanpro.io for more information about LoanPro.
What LoanPro is all about
As the market's leading platform for lending and credit, LoanPro provides lenders with the ability to innovate faster, drive account growth, while optimizing operational efficiency and reducing risk.. In the present day, LoanPro is being used by more than 600 financial institutions to improve their borrower, agent, and back-office experiences in a holistic way. With its composable architecture, LoanPro's mission of providing a platform to innovate the future of finance now has the capability to enable lenders to enhance their origination, servicing, payments and collections, all built on the foundation of a modern lending core architecture.
With its composable architecture, LoanPro's mission of providing a platform to innovate the future of finance now has the capability to enable lenders to enhance their origination, servicing, payments and collections, all built on the foundation of a modern lending core architecture.
Contact: Spencer McWilliams, [email protected], (918) 809-2208 or [email protected] 
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