FinovateFall 2024 / CD Valet
Presenter Profile:
How they describe themselves: CD Valet empowers your financial institution to compete online in the CD market with proven, targeted digital marketing solutions and online account opening.
- Featured CD Listings, Lead Generation Services, and Lead Qualification Based on Your Criteria
- CD Digital Account Opening Services
- New Digital Account Opening for IRA CDs
- CD Valet serves: Financial Institutions Offering Competitively Priced CDs and IRA CDs
How they describe their product/innovation: CD Valet empowers your bank or credit union to rival the largest financial institutions in the CD market through targeted digital marketing and robust account opening solutions. Our Open Now capabilities for our Featured CDs automate lead generation and lead qualification, supported by geo-targeting based on location or other criteria. Our end-to-end digital account opening services ensure higher conversion, and our new Online IRA brings digital ease and efficiency to these more complex account openings.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)
Credit Union/Community Bank Fit: Credit unions and community banks
Contacts:
Bus. Dev.: Josh Williams (Head of Partnerships), jwilliams@cdvalet.com, 206-436-3428
Press: Mary Grace Roske (Head of Marketing), mgroske@cdvalet.com, 206-281-1740
Website: cdvalet.com
LinkedIn: linkedin.com/company/cd-valet
HQ: Seattle, WA, USA
Founded: November 2022
Product Demoed: CD Valet
Metrics: Funding: Incubated inside Seattle Bank so funding has been internal to date only, Revenue: Yes, Headcount: 10
Presenters: Yatin Pradhan – Product Manager | Josh Williams – Head of Partnerships
- Key Executives
John Blizzard (CD Valet, Founder), Josh Williams (CD Valet, Head of Partnerships), Howie Wu (CD Valet, Head of Product), Bryan Johnson (CD Valet, CFO), Mary Grace Roske (CD Valet, Head of Marketing), Yatin Pradhan (CD Valet, Product Manager), Jamie Fairbanks (CD Valet, Financial Institution Success Manager)
Key Stats
- Key Board Members
Stan Baty (Seattle Bank Board Member, VP of Columbia Pacific Management), John Blizzard (Seattle Bank President CEO, CD Valet Founder), Nick Eitel (Seattle Bank Chairman of Board of Directors), Jon Fine (Seattle Bank Board Member, Chairman of Seattle Bank Audit Committee), Lisa Nelson (Seattle Bank Board Member), John Waechter (Seattle Bank Board Member). Note: CD Valet, LLC is 100% owned by SBI, which is also the parent company to Seattle Bank.
- Key Investors
Seattle Bancshares – 100% owner
- Key Partners
Apexon, Fiat Growth, and Prelim
- Key Customers
The CD market is a $3T industry with over 20 million households holding CDs. CD Valet is an online marketplace transforming how FIs and consumers engage with today’s CD market. It connects financial institutions with consumers seeking the best CD rates nationwide. It is a comprehensive platform where shoppers can compare over 31,000 CD rates from more than 4,100 financial institutions, allowing them to open accounts and manage their CD portfolios in one seamless online experience.