Introducing Verdata’s Board of Directors

Atlanta, GA – March 18, 2022

Following its recent Series Seed capitalization, Verdata is pleased to announce the creation of its board of directors. The 3-seat board is comprised of industry experts.

John Wirth is the current Vice President of Consumer Lending and FinTech at TransUnion. Wirth manages market planning and development for TransUnion’s consumer lending businesses, including unsecured lending, retail finance (non-card), and student lending for FinTechs, banks, and short-term lenders. Wirth has helped numerous new fintech startups and large banks to build out lending capabilities and to expand product offerings.

Prior to Transunion, John co-founded HILD Asset, a Merrill Lynch-backed consumer finance business originating secured and unsecured loans across Eastern Europe. He has worked with early stage companies as a strategy consultant and a venture manager with a leading European startup accelerator. 

Wirth sees the rapid growth and popularity of POS and BNPL purchase financing as the first wave of embedded finance. “As financial institutions increasingly connect into third-party brands for consumer engagement and product distribution, lenders will need to be able to evaluate and manage distributed business relationships at scale,” explains Wirth, who views Verdata’s proprietary and public data offerings as critical components the industry needs to navigate successful growth via a distributed network of partners.

David Wasik is a partner at 2nd Order Solutions, a leading credit risk advisory firm positioned at the nexus of cutting edge data science and world-class lending strategy. The firm provides consultation and support to a wide range of global financial services clients. Wasik was the Senior Vice President of Collections and Recoveries as well as multiple other executive roles during his 17 year tenure at Capital One. 

Wasik’s expertise spans the lending spectrum from the top 5 US Banks to FinTech startups, and includes global reach, with clients in North America, Latin America, Australia and Europe.

Wasik has seen BNPL and point-of-sale lending more broadly become a top growth priority for both large banks and fintechs, and believes that Verdata’s product suite solves critical issues for its clients. “Point-of-sale lending is a winning growth strategy for banks, and a great service for consumers, but there are several unique risks and opportunities related to counterparties that have to be closely managed,” explains Wasik. “Verdata’s unique set of products provides depth of data and a level of scale and automation that doesn’t exist anywhere else in the industry.”

Mike Mondelli is Verdata’s CEO. Previously, he founded L2C, an alternative data consumer credit reporting and scoring company that was acquired by TransUnion in 2014. At TransUnion, Mondelli initially led Transunion’s Alternative Data business for 3 years and then led TransUnion’s Global Data Strategy team for 3 years.

The role of the board is to advise the company to scale and to help it to achieve its mission of creating tailored data insights that enable businesses to validate critical counterparty relationships. 

ABOUT VERDATA

Verdata is the counterparty data and insight platform. Verdata’s network of contributed proprietary, public and third-party data consisting of service, regulatory, and loan-level performance data instills confidence and clarity to Verdata’s financing partners so they can safely onboard and monitor counterparties in an automated and scalable way.

More information can be found at www.verdata.com. Verdata can be reached at info@verdata.com.

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