Stanford Professor Lends Expertise in Determining Risk to Leading Online Crowdlending Platform
SAN DIEGO, CA–(Marketwired – Jun 12, 2014) – Online crowdlending provider Dealstruck, Inc has appointed Kay Giesecke, Stanford University’s Associate Professor of Management Science and Engineering, as the company’s Director of Risk Analytics.
Giesecke directs Stanford’s Center for Financial and Risk Analytics as well as the university’s Quantitative Finance Certificate Program in Hong Kong. In addition, he co-directs Stanford’s Mathematical and Computational Finance Program and is Vice-Chair of the Society for Industrial and Applied Mathematics (SIAM) Activity Group on Financial Mathematics and Engineering. Giesecke’s research addresses the quantification and management of financial risks. At Dealstruck, he will lead the development of accurate, robust, and transparent credit models that use financial, economic, and non-standard data to better assess risk in small business lending transactions.
“Kay’s interest and experience in evaluating financial risks make him the perfect addition to our team of crowdlending experts, and we’re honored to have him on board,” said Senturia. “Kay’s proficiency in understanding and predicting such risks will enable Dealstruck to maximize the extension of credit to small businesses, while providing investors with a more transparent, objective, and granular understanding of the economics of their investments.”
Dealstruck understands that a one-size-fits-all approach offered by traditional lenders is not often helpful or even viable for growing small businesses. The company’s CrowdLoan term loan and CrowdLine asset-based line-of-credit products present healthy businesses with alternative lending options to meet their unique needs.
“Dealstruck was the first and only crowdlending platform to offer multiple products to healthy, profitable small businesses which, until now, have been unable to access the growth capital they need — with terms that enable growth — from premier lending institutions. I share Dealstruck’s belief that there is value in facilitating the growth of small businesses, as they are the backbone of the US economy,” said Giesecke. “I look forward to assisting Dealstruck and its lenders in their decisions as they continue to provide successful entrepreneurs with loans that meet their specific needs, and that set them on the path to becoming bankable.”
The Dealstruck lending marketplace connects profitable, small- and medium-sized businesses (SMBs) with innovative credit solutions funded by individual and institutional accredited investors. Unlike the one-size-fits-all approach offered to them by banks and the high-cost, short-term credit offered to them by alternative lenders, Dealstruck provides growing SMBs with a suite of products that give them a credible and transparent path to bankable. Dealstruck is the first crowdlending platform to offer multiple products to SMBs, and the first to allow investors the freedom to choose specific investments. For more information, please visit https://www.dealstruck.com/.