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JG Wentworth Acquires Silicon Valley Fintech Digital Consumer Finance Platform, Appoints New Chief Technology Officer
Chesterbrook, Pennsylvania, January 27, 2023 /PRNewswire/ — JG Wentworth, a leading consumer financial services company, today announced the appointment of Stilt Co-Founder and former CTO following its recent acquisition of Stilt Inc. Priyank Singh As Chief Technology Officer of The JG Wentworth Company, December 1, 2022Singh will be responsible for key technology and product development for the JGW Digital Lending initiative. He leads strategy, drives vision, and helps build advancements for the company’s technology platform. This is part of JG Wentworth’s foray into personal finance and loans, announced following its recent acquisition of Stilt Inc’s digital lending platform and team. The company plans to introduce personal loans for consumers with less than perfect credit later this year to complement its debt consolidation operations. To that effect, the company is recruiting people nationwide who want to join a team with a mission to help consumers in need.
Singh joined JG Wentworth after serving as co-founder and CTO of Stilt Inc. San FranciscoFintech and personal loan lenders based on. Singh founded the company in 2015 with his co-founder. Rohit MittalUnder his leadership, Stilt has built a powerful digital lending platform and mobile app that reaches millions of consumers. Prior to acquiring the company, Singh also oversaw the development of his Onbo by Stilt. This is a new application programming interface that enables a plug-and-play approach to launching a digital lending platform as part of Stilt’s B2B services.
Singh joins JG Wentworth with over 10 years of experience in machine learning and computer science. Before Stilt, he was an early member of the Bing search team at Microsoft and A9 at Amazon’s machine learning division. He also worked on the One Laptop Per Child project and built the Wi-Fi mesh protocol while working full time at Marvel Semiconductor. He holds his Bachelor of Technology degree from the Jaypee Institute of Information Technology. India Master of Science from and Columbia University in the new york city.
“We are excited about the potential that Priyank unlocks for us as CTO. JG Wentworth will be joining him as a partner in a series of projects that align with the company’s mission to help and support its next evolution in the digital space. Offering a unique product to the American consumer in need.” Gauraf Malbari, Chief Analytics and Digital Officer at JG Wentworth. “Together with him and the new product and engineering team, JG Wentworth will deliver a superior digital experience that will benefit existing as well as future rental product customers,” he noted.
About JG Wentworth
JG Wentworth is a consumer financial services company focused on helping everyday Americans achieve their financial goals. Its services include structured payment payment purchases, annuity payment purchases, lottery and casino payment purchases, and debt settlement services. Most recently, the company launched a consumer finance division focused on debt consolidation. JG Wentworth was founded in 1991 and is headquartered in Chesterbrook, Pennsylvania.
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About Stilt Co., Ltd.
Stilt builds technology to democratize access to transparent credit products for millions of people currently shut out by the financial system, including immigrants, international students, DACA and visa holders We are a mission driven company. Stilt also provides businesses with the infrastructure to deliver credit products to customers in as little as two weeks, without the need for bank sponsorship. Founded by immigrants on Visa, Stilt lends to people in over 150 countries around the world.
Source JG Wentworth Company
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