FinovateSpring 2010 / MoneyAisle
Presenter Profile:
How they describe themselves: MoneyAisle provides consumers with great rates on auto refinancing, new and used auto loans, CDs, and high-yield savings accounts while simultaneously helping banks and credit unions attract new customers. MoneyAisle’s methodology is simple: have participating financial institutions compete with each other in live auctions for each individual consumer request on demand, 24/7. MoneyAisle’s patent-pending technology creates a safe, transparent platform for consumers to get great rates on deposits, auto loans, and additional soon-to-be-released lending products.
What they think makes them better: MoneyAisle differs from other online auction sites,
which are seller-centric, by providing buyer-centric auctions to consumers: sellers bid for the buyer’s business. MoneyAisle eliminates the buyer’s burden of time-consuming comparison-shopping by providing free, live, on-demand auctions, 24/7.
Contacts:
Bus. Dev.: Gretchen Saegh, Sr. Mkt. Dev. Mgr., 781-272-1774×257, gsaegh@moneyaisle.com
Press: Kevin Cafferty, 781-272-1774×248, mediarelations@moneyaisle.com,
Sales: Bob Watterson, VP, Institutional Partnerships, 781-272-1774×223, bwatterson@moneyaisle.com
Website: www.moneyaisle.com
Blog: blog.moneyaisle.com
HQ Location: Burlington, MA
Company Founded: 2006
Product Being Demoed: MoneyAisle.com
Product Launched: 2010
- Key Executives
Ray Stata (Chairman), Mukesh Chatter (President & CEO), Rohit Goyal (VP, Engineering), Bob Watterson (VP, Institutional Partnerships)
Key Stats
- Key Board Members
Dr. Robert M. Freund (Deputy Dean), Theresa Seley (Professor, Operations Research, MIT), James Lavoie (Former Chairman and CEO, Middlesex Savings Bank), Robert M. Mahoney (Former Executive Vice Chairman of Citizens Financial Group (CFG), Jim Delamater (President, Northeast Bankcorp)
- Key Advisory Board Members
Dr. Robert M. Freund (Deputy Dean), Theresa Seley (Professor, Operations Research, MIT), James Lavoie (Former Chairman and CEO, Middlesex Savings Bank), Robert M. Mahoney (Former Executive Vice Chairman of Citizens Financial Group (CFG), Jim Delamater (President, Northeast Bankcorp)
- Key Investors
NeoNet LLC, MBPP LLC, Stata Venture Partners, and a large money management firm
- Key Customers
MoneyAisle currently has over 145 banks and over 75 credit unions in its network.