Greenlight Financial Technology, Inc., the family Fintech firm on a mission “to help parents raise financially-smart kids,” has announced the addition of two financial and consumer business professionals to its Board of Directors and the hire of its first Chief Legal Officer as the firm “advances to its next stage of growth.”
Tim Sheehan, Co-founder and CEO of Greenlight, stated:
“Greenlight continues to lead the family finance category, helping more than 5 million parents and kids learn to earn, save and invest together. Adding world-class, experienced leaders is critical as we advance our mission to shine a light on the world of money for millions more families.”
As noted in the update, Greenlight added the following individuals to its Board of Directors:
Paula Pretlow, Independent Director: Paula is “a seasoned board director with decades of financial leadership experience at some of the world’s largest financial institutions.”
Recently, she was “a Senior Vice President of The Capital Group, a $2.6 trillion dollar privately held investment management firm.”
Paula has also “worked for BlackRock (formerly Barclays Global Investors), AXA Rosenberg, Credit Suisse and Wells Fargo Bank.” She sits on the boards of private and public companies, “including Williams-Sonoma, Inc. and philanthropic organizations like The Kresge Foundation and The Harry and Jeanette Weinberg Foundation.”
James D. White, Independent Director: James is “a consumer products industry veteran with more than 30 years’ experience.”
He spent “nearly a decade as the Chairman, President and CEO of Jamba Inc. where he led the successful transformation of the company from a made-to-order smoothie shop to a global, healthy active lifestyle brand.”
James has also “held leadership roles at Safeway, Inc., The Gillette Company, Nestlé Purina and Coca-Cola.”
He now “serves on a number of public company boards including Affirm Holdings, Inc., The Honest Company and The Simply Good Foods Company.”
Greenlight also “welcomes Doug Spear to its leadership team as Chief Legal Officer. Doug joins from Nelson Mullins Riley & Scarborough LLP, where he led the firm’s industry-leading Emerging Companies practice, advising high-growth technology companies, venture capital firms and angel investors.”
Doug has served “as Greenlight’s lead outside counsel since 2015.” He brings extensive experience “across legal strategy, financing, corporate governance and M&A to Greenlight, where he will lead the company’s legal and compliance divisions.”
Doug Spear remarked:
“Greenlight has seen tremendous growth over the past year as millions are discovering its leading fintech solution to help parents raise financially-smart kids. I have enjoyed working with the team for many years, and I am honored to help support this exceptional business in my new role as it continues on its high-growth trajectory.”
Greenlight serves over 5 million parents and kids, “who have collectively saved more than $225 million and invested more than $10 million towards their financial futures.”
Within the past year, the company “surpassed $100 million in annualized recurring revenue.”
To date, Greenlight has “raised more than $550 million and was valued at $2.3 billion during its Series D funding in April 2021.”