Dallas-Centered Workforce Finance Startup Faucets JP Morgan Vet as Business enterprise Progress VP

Jeff Parks joins Meritize just after a 22 12 months career at JP Morgan Chase formerly led fiscal help places of work at increased instruction establishments across the region

FRISCO, Texas, Sept. 27, 2022 /PRNewswire/ — Meritize, developer of benefit-dependent funding options and a technology system that connects vocation starters and mid-vocation industry experts with large-effects skills schooling, declared currently that it has hired Jeff Parks as the firm’s vice president of organization development. Parks will bring to the corporation additional than two many years of government leadership at JPMorgan Chase main growth and business enterprise advancement perform throughout a selection of company traces including university student and car lending, credit score playing cards and electronic payments.

“Jeff’s background and expertise are an incredible asset as we go on to increase, serving to Meritize to provide additional learners and place their academic plans inside achieve,” claimed Beck Pryor, chief operating officer at Meritize. “We are thrilled to have him on board and we glance forward to the impression he will have on expanding funding options.”

An skilled in schooling finance and commercial credit history and banking, Parks specialized in structuring one of a kind business enterprise-to-business choices throughout his time at JPMC. In this new purpose with Meritize, Parks will be responsible for creating and executing the organization’s B2B product sales approach, managing the firm’s escalating profits team, and executing against staff gross sales targets. Parks joins Meritize at a time when the enterprise sees ongoing expansion. Prior to his role at JPMorgan Chase, Parks served as a college student finance expert at quite a few establishments of increased instruction, which includes the College of Arizona and Metropolitan Condition University of Denver.

In June, Meritize closed its most up-to-date funding round with new funding from Aegon Asset Management’s effects financial investment arm. The group has been applying this latest funding to scale its functions and accelerate its momentum assembly the elaborate education and coaching demands of speedy-developing industries, together with info technological know-how, health and fitness treatment, aviation, and industrials.

“Far too usually, traditional models of education finance just generate new obstacles and burdensome financial commitments for pupils and vocation seekers, in its place of serving to them attain their education and learning and vocation ambitions,” said Jeff Parks, vice president of small business improvement at Meritize. “Meritize has established a new way to help learners finance education and skills advancement, making use of a product that qualified prospects to more robust monetary, job, and instructional results. I’m thrilled to be a part of the team and seem ahead to the work ahead.”

Considering the fact that launching in 2017, the organization has aided approximately 20,000 students get  access to instruction, by way of additional than$250 million in financing. Meritize has given that developed its workforce to extra than 60 staff, including 23 new hires in the earlier calendar year. Nowadays, more than 600 significant-high-quality schooling providers across the United States are utilizing Meritize’s one of a kind tactic to advantage-based mostly finance to enable specialists access and pay for training for roles in significant-growth industries such as aviation, well being treatment, facts technological innovation and the skilled trades.

About Meritize: Meritize is a main supplier of funding options for techniques-dependent training and workforce growth. The firm’s proprietary merit-based mostly lending method goes over and above regular underwriting and takes advantage of an individual’s educational or army achievements to increase credit score analysis and extend funding options, ensuing in improved obtain to educational funding and improved results. Frisco, Texas-based Meritize is privately held. For additional facts check out www.meritize.com.

Resource Meritize

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