Marble Financial Inc (CSE:MRBL) (OTCMKTS:MRBLF) (FRA:2V0) has boosted its team with the appointment of two heavyweights with technology, capital markets and special situations experience to help advance the AI-driven Fintech company.
Lawrence Rhee has been appointed to the firm's management advisory team, while Michael Feola will join the board of directors.
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"I am elated to have both Lawrence’s stature and thought leadership join our team and Michael’s entrepreneurial experience join our board," said Karim Nanji, Marble's CEO, in a statement.
"Their unique experiences and knowledge in technology, capital markets and special situations will be a great asset to me and the company. I look forward to benefiting from their advisement as we continue to execute on our strategy of structuring innovative solutions for the millions of Canadians that are financially underserved because of financial illiteracy and poor credit and financial management."
Rhee, who graduated with an MBA from the University of Toronto, has been actively involved with the Canadian tech industry for 20 years and has held senior positions in both investment banking and equity research at several firms including Haywood Securities, GMP Securities and Genuity Capital.
Marble Financial said Rhee will work with its senior leadership team and board of directors to "evaluate and identify strategic equity and debt participants, partnership engagements, M&A opportunities, and value-added technologies".
Meanwhile, Feola is the founder of family office and Merchant bank MMF Capital Inc and event-driven liquidity fund Hyde Park Equities Inc.
He is also the owner and CEO of Allexor Global, a flexible packaging business, and founder of Feolan Capital, which has interests in financial services, real estate, hospitality and public securities.
In the statement, the company also announced the resignation of Vikas Ranjan as an independent director. He has been a board member since 2018 and the company said his "insight, experience and guidance" will be missed at the board level.
Marbles’ proprietary MyMarble platform utilizes the power of machine learning, data science, and artificial intelligence, in leveraging its proven data-driven strategies through technology solutions Inverite, Score-Up, Fast Track and Maestro to engage in and navigate a clear path towards financial wellbeing and a meaningful credit score, since 2016.
Contact the author at giles@proactiveinvestors.com