CommunityLend, Canada’s only online peer-to-peer lending service, today announced the addition of two new advisers to the company’s rapidly growing Advisory Board: Bill Cilluffo, President of International Business for Capital One and John Philip Green, Founder & CTO of Savvica.
“We are excited to announce these two high calibre executives joining us as advisers to the company. Both Bill and John bring with them significant professional experience in areas important for the market growth of CommunityLend, such as consumer credit risk and online consumer marketing,” noted Michael Garrity, co-founder and CEO of CommunityLend. “We expect them to play an important advisory role to CommunityLend as the company looks to expand its market presence in the coming months.”
CommunityLend launched Canada’s only online peer-to-peer lending service earlier in 2010. Peer-to-peer (P2P) lending is an international financial services innovation which facilitates the direct matching of borrowers to investors through online loan auctions, cutting out traditional financial institutions. P2P lending has been called “game-changing” by financial industry analyst Javelin Research and has also been recognized by the Harvard Business Review in their 2009 List of “Breakout Ideas.”
Biographies of the Advisers
Bill Cilluffo is the President, International Business for Capital One, one of North America’s largest consumer franchises. Mr. Cilluffo is responsible for leading the international lines of business for Capital One. In this role, he is accountable for the overall strategic direction, marketing, operations and financial performance of the Canada and UK segments of the Fortune 500 company. Since joining Capital One in 1994, Mr. Cilluffo has served in several leadership positions including President of Capital One Canada where he continues to be directly involved in the daily management of Capital One’s Canadian interests. As Deputy Chief Credit Officer for the corporation, Mr. Cilluffo had oversight of all central operations for the group and was accountable for improving the credit management capabilities of the company. Prior to that, he was Vice President of Corporate Development and Divisional Credit Officer for Capital One’s Diversified businesses. Mr. Cilluffo graduated from the University of Michigan in 1994 with a degree in economics. He is also a graduate of Stanford Graduate School of Business Executive Education Program.
John Philip Green
John Philip Green is Founder & CTO of Savvica, an online social media company focused on international education that operates LearnHub.com & JumboTests.com. Savvica is funded by Educomp Solutions Ltd. (EDSO.BO), India’s largest education company. Previously, John was the Director of Engineering at Affinity Labs, an online communities company. Affinity Labs was funded by the Mayfield Fund and Trinity Ventures and acquired after 14 months by Monster Worldwide (Nasdaq:MNST) for $61MM. John is an advisor to several companies on technology, marketing, and strategy, including TasteKid, a media recommendation system, SmartHippo, a community-driven comparison shopping engine for financial services, and Ampush Media, an online education marketing company. John holds a B.Math (Honours Computer Science) from the University of Waterloo.
CommunityLend Inc. (www.communitylend.com) is Canada’s only peer to peer lending service, a financial services innovation which allows borrowers to connect directly with private lenders through open online loan auctions. Called “game changing” by financial industry analysts, this new lending model permits direct investment by eligible investors in the personal lending market. CommunityLend Inc. is registered as a Portfolio Manager and an Exempt Market Dealer in the provinces of Ontario, British Columbia and Quebec and is a wholly owned subsidiary of CommunityLend Holdings Inc., a Canadian corporation based in Toronto, ON.