Raul Vazquez, CEO
Raul Vazquez was executive vice president of Global eCommerce for Walmart's developed markets, responsible for defining multi-channel strategies and delivering financial results. Raul served in several leadership roles during his tenure at Walmart including executive vice president and president of Walmart's west geographic business unit, and president and CEO of Walmart.com. Before joining Walmart in 2002, Raul worked at startup companies within the ecommerce industry. Prior to that time, he spent several years at a boutique consulting firm that specializes in competitive strategy for Fortune 100 firms, and as an industrial engineer at Baxter Healthcare. Raul is a graduate of the Wharton Business School, University of Pennsylvania, and also received bachelor's and master's degrees in industrial engineering from Stanford University.
Dave Tomlinson, President and COO
Dave Tomlinson is a seasoned general manager with over 20 years of experience working for leading financial services companies. Most recently, Dave was Executive Vice President and Chief Marketing Officer at Providian Financial/Washington Mutual Card Services where he was responsible for over $6 billion in revenue production on a $28 billion credit card portfolio. Dave was a key member of the team which turned around the Providian card business by significantly improving credit quality, expanding the product line, diversifying marketing channel capabilities, and building out a world class analytic team.
Prior to Providian, Dave had a series of CMO and general management positions at well-known financial institutions such as JP Morgan Chase and PNC Bank. Dave spent the first nine years of his career at American Express.
Dave holds a BA from Dartmouth College.
Jonathan Coblentz, CFO
Jonathan brings over 16 years of experience in the consumer finance industry, having been a public-company CFO, an investor, and an investment banker.
Prior to joining Progress Financial, Jonathan served as the Chief Financial Officer and Treasurer for MRU Holdings, a publicly-traded student loan finance company. At MRU, Jonathan established the company's securitization program and expanded and renewed the company's credit lines during the credit crisis. Prior to joining MRU, Jonathan was a Vice President at Fortress Investment Group. During his two-years at the hedge fund, Jonathan sourced and analyzed structured finance investments in the consumer and commercial finance industries. Before coming to Fortress, Jonathan spent over seven-years at Goldman Sachs, in both advisory and principal roles. While a Vice President at Goldman, he led the firm's student loan securitization effort, co-headed development of the auto whole loan business, and managed client relationships as an asset-backed banker. Prior to Goldman, Jonathan began his career at First Boston, where he spent nearly five years in asset finance, structuring and executing asset-backed securities underwritings.
Jonathan graduated from Yale University in 1992, earning a B.S. in Applied Mathematics (Economics), summa cum laude.
Scott Harvey, Chief Legal Officer And Corporate Secretary
Scott Harvey brings more than 24-years of legal and business experience to this role, most recently as the Chief Legal Officer and co-founder of Hercules Technology Growth Capital. He also served as Hercules’ Chief Compliance Officer. Prior to co-founding Hercules, Harvey worked in a diversified private law practice, and held several leadership positions at Comdisco, Inc., a leading technology and financial services company, including deputy general counsel, vice president of marketing, administration and alliances and corporate counsel.
Harvey received a B.S. in Agricultural Economics from the University of Missouri, a J.D. and LLM in taxation from The John Marshall Law School and an M.B.A. from Illinois Institute of Technology.
Patrick Kirscht, Vice President, Risk Management
Patrick Kirscht is responsible for all aspects of risk management utilizing non-traditional means to manage risk for the underbanked Hispanic community. Prior to joining Progress Financial, Patrick was Senior Vice President of Risk Management for HSBC Card Services where he was responsible for credit policy and underwriting of a $8B credit card portfolio with two million new accounts per year, primarily in the near prime and subprime space (including a sizable program that catered to the Hispanic community). In this role, Patrick implemented several strategy improvements which incorporated non-traditional data into credit scoring models. Patrick's role also recently included credit policy for 4-5 million new accounts per year for several major partnerships, including Best Buy, Sears and Discover.
Patrick joined HSBC in 2005 as part of HSBC's acquisition of Metris Companies, a start-up mono-line credit card company, for $1.6B. Patrick was one of the first 20 employees hired at Metris in 1995. As the VP of Planning and Analysis, Patrick facilitated the rapid growth of Metris from a start-up to a top ten card issuer by building the planning and analysis function, supporting the initial public offering, and valuing and closing on several portfolio acquisitions totaling over $3B. In his finance role he also evaluated and supported a partnership to issue bankcards with La Curacao, a large Hispanic Retailer based in Los Angeles. Patrick moved from finance to risk management in 2004 where he directed a team of credit risk professionals that managed credit lines, re-issue and authorizations for a $6 billion portfolio.
Patrick holds a BS in Economics with a Minor in Statistics, BS in Business, and an MBA from the University of Minnesota
David Needham, Vice President, Engineering
David Needham was most recently a Vice-President @WalmartLabs leading a global eCommerce re-platform initiative. David is a product development leader with experience leading both Product Management and Engineering functions at Walmart, Inc, and Sycle.net. While at Walmart, David held various responsibilities, including VP of Product Development for Samsclub.com, and Head of Product for Walmart Global eCommerce. Earlier in his career, he worked in technical product roles at Sycle.net, Tradami and UPS-Supply Chain Solutions in the development of Internet based products.
David graduated at the top of his class in 2003 from the University of San Francisco with a Bachelors of Science.
Michael Rapaport, Vice President of Operations and Service
Michael Rapaport joined Progreso Financiero in December 2010 as Vice President of Services and Operations bringing 20+ years of business experience in Financial Services, Credit, Payments and Analytical Services. Prior to joining Progreso, Michael was Head of Consulting Operations in the Visa Advisory Services group within Visa, Inc. He was responsible for developing and delivering business evaluation services and consulting with key financial services and merchant clients on strategic business problems. Prior to Visa, Michael was Executive Vice President of Marketing Services for Washington Mutual. In this capacity, Michael managed a team of approximately 250 employees who executed direct marketing campaigns across the Bank's three consumer lines of business - Credit Cards, Home Loans and the Retail Bank. He was also responsible for Marketing database management and marketing analytics. Michael spent five years with WaMu - the first three years with Providian Financial Corporation prior to its acquisition by WaMu in 2005. While at Providian, Michael played a key role in the successful turnaround of Providian's credit card business. Michael also spent 14 years at Fair Isaac Corporation where he held various analytical leadership roles including developing the initial suite of FICO Scores, managing the FICO Score development team and running the FICO Scoring business line in North America. Michael has a degree in Mathematical and Computational Sciences from Stanford University.