FinovateFall 2008 / moneyaisle
Presenter Profile:
How they describe themselves: MoneyAisle is the first free, on-demand, 24/7 auction site where banks actively compete in live auctions for an individual consumer’s business. It significantly expands a bank’s addressable market and dramatically reduces a bank’s customer acquisition costs, all the while delivering the best possible value to the consumer. It is a win-win for both banks and consumers.
What they think makes them better: MoneyAisle provides auctions where many sellers (financial institutions) bid live to win each customer’s business. Buyers (consumers) benefit by having sellers actively compete for their business in instantaneous on-demand auctions, 24/7. The sellers are able to raise deposits and increase lending at a very low cost. Fees are success-based; sellers pay a fee only when a customer is acquired, avoiding typical expensive and uncontrollable lead-based click-fees. neoSaej does not accept any advertising, keeping MoneyAisle independent of advertiser influences.
Contacts:
Bus. Dev.: Linda Venezio, 781-272-1774, Lvenezio@neosaej.com
Press: Alex Wallace, Racepoint Group, 781-487-4679, mediarelations@neosaej.com
Bank Partnerships/Sales: Bob Watterson, 781-272-1774 x223, bwatterson@neosaej.com
Website: www.MoneyAisle.com
Blog: blog.moneyaisle.com
HQ Location: Burlington, Massachusetts
Company Founded: August 2006
Product Being Demoed: www.moneyaisle.com
Product Launched: June 2008
Metrics: $10.5M in capital funding, over 40
employees
- Key Executives
Mukesh Chatter (CEO), Rohit Goyal (VP of Engineering), Bob Watterson (VP of Bank Partnerships), Damon Pender (CFO)
Key Stats
- Key Board Members
Ray Stata (Chairman, NeoSaej), Mukesh Chatter (President & CEO, NeoSaej), Tom Ebling (CEO, Lattice Engines), Priti Chatter (General Partner, NeoNet) Advisory Board Members: Dr. Robert M. Freund, Theresa Seley (MIT), Dr. Robert Rines (MIT), A. James Lavoie (Former Chairman and CEO, Middlesex Savings Bank), Jim Feldt, (Former EVP & President Merchandising & Marketing, Toys-R-Us), Christopher W. Emmons, (President and CEO, Gorham Savings Bank), Sushil Tuli (President and CEO, Leader Bank), Thomas R. Venables (President and CEO, Benjamin Franklin Bancorp), Jim Delamater, (President, Northeast Bankcorp)
- Key Advisory Board Members
Ray Stata (Chairman, NeoSaej), Mukesh Chatter (President & CEO, NeoSaej), Tom Ebling (CEO, Lattice Engines), Priti Chatter (General Partner, NeoNet) Advisory Board Members: Dr. Robert M. Freund, Theresa Seley (MIT), Dr. Robert Rines (MIT), A. James Lavoie (Former Chairman and CEO, Middlesex Savings Bank), Jim Feldt, (Former EVP & President Merchandising & Marketing, Toys-R-Us), Christopher W. Emmons, (President and CEO, Gorham Savings Bank), Sushil Tuli (President and CEO, Leader Bank), Thomas R. Venables (President and CEO, Benjamin Franklin Bancorp), Jim Delamater, (President, Northeast Bankcorp)
- Key Investors
Stata Venture Partners, LLC; NeoNet, LLC
- Key Partnerships
Biz Dev: Linda Venezio, 781-272-1774, Lvenezio@neosaej.com Press: Alex Wallace, Racepoint Group, 781-487-4679, mediarelations@neosaej.com Bank Partnerships/Sales: Bob Watterson, 781-272-1774 x223, bwatterson@neosaej.com
- Key Customers
We have over 100 US based banks in our network.