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Stock impact report

Exclusive: Mark Cuban-backed fintech Yendo hires its first CFO [Fortune]

ServisFirst Bancshares, Inc. (SFBS) 
Last servisfirst bancshares, inc. earnings: 4/20 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: snl.com/irw/presentations/4188426
Company Research Source: Fortune
Thibault Fulconis is Yendo's first finance chief. He joins the startup from unicorn Varo Bank, one of the first all-digital banks in the U.S. During his tenure as CFO, Fulconis helped Varo become the first consumer fintech to receive a new national bank charter from the U.S. government. He also led the team responsible for leading the company to a more than $1 billion valuation. What attracted Fulconis to Yendo? The company offers “a unique proposition” to help customers who have difficulty obtaining access to credit, Fulconis told me. And he supports that mission. Billionaire tech entrepreneur and investor Mark Cuban No. 75 on Fortune 's Most Powerful People in Business list) is among Yendo's backers, along with FPV Ventures and Human Capital, to name a few. Last May, the Series A startup raised $150 million in debt and $15 million in equity, Fortune reported Yendo is geared toward subprime customers —those with credit scores that fall below a certain threshold, which amounts Show less Read more
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