Shawn M. Budde, CEO of 2Checkout, is a veteran of the financial tech industry. Prior to taking the reins at 2Checkout, Budde pioneered big data risk analysis for underwriting at ZestFinance, a company that he co-founded with former Google CIO Douglas Merrill. Before starting ZestFinance, Mr. Budde served as Chief Customer Officer at Capital One, driving a billion dollar direct marketing operation across Capital One's extended enterprise, and directing the development of Capital One's industry-leading customer experience. His early career includes innovating new technology solutions for credit, fraud and marketing at banks and finance companies including, Citibank, CIT Group, and KeyCorp.
The traditional bank model for small business lending is broken. As a result, technology-enabled alternatives have gained momentum over the past couple years to provide small business owners with loan options that better suit their needs.
Total holiday sales are expected to reach $863 billion in 2014, up from $822 billion last year. That is a staggering amount of money, and the weeks between Thanksgiving and Christmas make or break a sales year for large and small businesses alike.