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progressa Appoints COO, CFO & CRO

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 8, 2016) - progressa™, a Vancouver-based financial technology company, is pleased to announce the appointment of new Chief Operating Officer, Tony Vardy and new Chief Financial Officer, Mary Lynn Tardelli. The company is also pleased to announce that Michael Jover, previously Chief Operating Officer, will move to the newly created role of Chief Revenue Officer.

Mr. Vardy brings more than 17 years of operational experience in both the traditional and alternative lending space, almost exclusively focused in non-prime and near-prime portfolios. He has held key roles at CIBC, Home Trust, GoEasy (formerly Easy Financial), Mogo and, most recently, point-of-sale financing platform provider, Financeit.

Ms. Tardelli joins progressa after 17 years of finance and operational experience in the retail restaurant industry, most recently as Chief Financial Officer at The Red Robin Restaurant Group. She is an experienced leader with a track record of managing growth for both start-up and established companies; public or private.

"Adding Tony and Mary Lynn significantly strengthens our senior leadership team as we begin to scale progressa into a significant Canadian brand in the non-prime and near-prime lending space," says Ali Pourdad, progressa's CEO. "There are very few people in Canada with the breadth of experience Tony has that is so specific to our niche, while Mary Lynn brings proven leadership to our finance team which will be crucial as we roll out our Marketplace lending platform."

Moving from Chief Operating Officer to Chief Revenue Officer, is Michael Jover. As the Company's co-founder, Mr. Jover has been instrumental in building the strategic referral relationships that have propelled progressa's growth and allowed the company to acquire customers at rates exponentially lower than what is common for an online lender. While previously handling both growth and operational responsibilities, this new role will allow Mr. Jover to focus exclusively on top-line revenue growth while Mr. Vardy takes over operations.

These appointments follow a series of momentum-building announcements from progressa, including their successful $11.4 million Series A round and recent partnership with national mortgage lender, Alpine Credits.

About progressa

progressa™ is Canada's fastest growing financial technology company focused on helping non-prime and near-prime Canadians seeking to improve their financial health. We serve the over three million Canadians who have had their credit rating impacted by overdue bills and items that have gone to collections. By building a loan that fits their budget and using it to pay their overdue bills directly, we help our customers reduce their debt load and establish or rebuild their credit score. With the help of advanced data science and analytics we can effectively and efficiently evaluate credit risk and provide loans where traditional institutions can not. For more information, visit www.progressa.com.