New CFO added to the company’s seasoned executive team
WILMINGTON, Del., November 15, 2022--(BUSINESS WIRE)--Mercury® Financial, a leading fintech committed to financial inclusion, announced the appointment of Jason Whiting as Chief Financial Officer. This new appointment comes as Mercury Financial continues to grow as one of the largest non-bank credit card companies in the United States.
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Jason Whiting, Chief Financial Officer of Mercury Financial (Photo: Business Wire)
Mercury Financial is committed to expanding financial inclusion through technology by delivering best in class credit and a superior digital payments experience. The company is singularly focused on the underserved near-prime segment.
James Peterson, CEO at Mercury Financial, said, "We have incredible momentum in leveraging our advanced technology, and our ability to create a unique credit experience that helps millions of underserved hardworking Americans gain access to credit to build better lives. Bringing Jason on board will set us up for the next stage of our corporate development. His diverse background in finance and capital markets will be a key factor in our future growth."
Whiting will join Mercury Financial from Barclays where he served as the Head of Strategy for the Americas, leading a high performing team to develop growth strategies for the Global Investment Bank, Global Markets, and the US Consumer Banking Business. Prior to his Strategy role, Whiting spent over 20 years in Investment Banking at Barclays and formerly Lehman Brothers, including serving as Head of Banks and Specialty Finance. He is a trusted senior banker with extensive C-suite and board relationships and deep experience in guiding companies in the consumer finance and financial technology sectors to grow and find success across numerous market environments.
"Mercury is at a terrific inflection point in its development," said Jason Whiting, incoming CFO at Mercury Financial. "Their results validate that their strategy is working, driving scale, and generating value. I am eager to help the company realize the immense potential its platform can deliver for customers, employees, and stakeholders."
Whiting will succeed Steve Carp, who helped successfully guide the company over the last five years as CFO. Carp has been appointed to lead Corporate Strategic Planning to advance the company’s next phase of development. Peterson said, "We are fortunate to have such talented leaders, who exemplify the spirit and dedication of the entire organization. Steve will be instrumental in helping chart our course for the future, furthering our efforts to expand financial inclusion."
About Mercury Financial
Mercury® Financial LLC (Mercury Financial) is a mission-driven fintech that is expanding financial inclusion, helping hardworking Americans to build better credit so they can enjoy the benefits of a better life since its founding in 2013. Backed by advanced technology, the company provides customers access to more than $4.7 billion in credit lines. The company offers credit card products which are issued by First Bank & Trust, Brookings, SD, pursuant to a license by Visa® USA Incorporated or Mastercard® International Incorporated. To learn more visit mercuryfinancial.com or follow us on LinkedIn.
Mercury Financial one of the largest non-bank credit card companies in the United States as reported by The Nilson Report, www.nilsonreport.com, February 2022 issue.
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