Juan Melendez, Former MoneyGram Head of North America, Joins INSIKT as VP to Lead its Partner Network
Summary
Mr. Melendez’s efforts will be focused on expanding its retail network, increasing partner productivity and driving large-scale new business development to help fulfill INSIKT’s mission to provide greater financial inclusion and access for underserved communities in America. I’m thrilled to join the INSIKT team to help accelerate the number of underbanked people on the path to a good credit score and greater financial health,” Melendez continued. In just four years, our team has done a great job launching over 100 partners and 1,200 retail locations that now offer our affordable, credit building loans to low income communities in four states. INSIKT has pioneered a cloud-based lending technology called Lendify that enables trusted local businesses to submit credit applications for centralized review and approval by INSIKT’s proprietary scoring algorithms. By leveraging technology to reach more geographies and working families across America, INSIKT aims to end reliance on predatory lending and the payday loan industry’s 23,000 store footprint.