News Press Releases

Balance Credit Names Stephanie Klein President

OMF | December 21, 2015

FinTech industry veteran joins leadership team

IRVING, Texas, Dec. 21, 2015 /PRNewswire/ -- SunUp Financial, LLC, (dba Balance Credit), a leading online lender to hardworking families and individuals, announced today the appointment of Stephanie Klein as President of Balance Credit, further strengthening the Company's operations and positioning Balance Credit as an industry leader in the online consumer credit services sector. Stephanie will assume additional key leadership responsibilities within the SunUp Financial family of businesses, including the role of Chief Executive Officer at Chorus Credit, LLC. Chorus, which will operate out of Chicago, IL, is slated to launch in 2016 and will offer a variety of technology-driven online credit solutions for U.S. near-prime consumers.

Stephanie Klein, President, Balance Credit

A recognized leader in the non-bank lending space, Stephanie most recently served as Vice President and Managing Director at Springleaf Financial Services, now a part of OneMain Holdings, Inc. (NYSE:OMF), where she led the launch of Springleaf's internet lending business, iLoan. Prior to Springleaf, Stephanie spent seven years at Enova International, a leading global online lending company, where she held increasing responsibilities including the launch of NetCredit, Enova's near-prime U.S. installment lending business. NetCredit was recently highlighted by the Center for Financial Services Innovation (CFSI) as a market leader for its customer-focused lending practices. While at Enova, Stephanie testified to the U.S. Senate Subcommittee on Financial Institutions and Consumer Protection during a hearing on innovative credit solutions for underbanked Americans.

In her role as President at Balance Credit, Stephanie will have broad responsibility for enhanced loan operations, customer experience, ongoing product development efforts, and new revenue streams.

"I am thrilled to have an industry innovator like Stephanie join the SunUp Financial team," said Jason Hutton, CEO of Balance Credit. "Stephanie has been a key leader in creating credit services solutions in the U.S., and I look forward to her insight and leadership as we continue to expand our product offerings and enter new markets."

Stephanie added, "Millions of Americans have limited access to high-quality credit solutions. SunUp Financial is uniquely positioned to fill that need, and I am eager to help execute on our shared vision to use technology and big data to transform the way underserved consumers borrow online."

Stephanie holds Bachelor of Science degrees in both Finance and Business Administration from the University of Illinois, Urbana-Champaign, as well as an MBA from the University of Chicago Booth School of Business, all of which were earned with the highest honors.

Balance Credit is an online provider of unsecured personal loans and credit services to assist customers with urgent cash needs. Loans made available through Balance Credit are a quick and convenient alternative to payday and title loans.

About Balance Credit

Headquartered in Irving, Texas, Balance Credit (SunUp Financial, LLC) offers unsecured, personal installment loans and credit services to customers in need of a fast and convenient source of additional cash. Using advanced analytics and proprietary technology, the company helps customers across the credit spectrum gain access to loans currently from $100 up to $5,000 and with terms up to 36 months. The company is licensed and regulated in each U.S. state where it operates. Balance Credit's mission is to provide consumers a fast, secure and simple way to apply for loans and credit services at its website, balancecredit.com.

CONTACT:

William Livermore
917-620-0774 (o)
media@balancecredit.com