Welcoming Jeremy Solomon to Nyca Partners
We are very excited to welcome Jeremy Solomon to Nyca Partners. Jeremy brings a decade of fintech operating experience in a variety of roles with a focus on scaling disruptive lending and payments models. Jeremy has hit the ground running by working with many of our portfolio companies, especially those focused on innovative credit solutions. Because he was sitting in their seats until last month, he can quickly identify their immediate needs around extending runways, winning new business in our current environment and even potential acquisition strategies given the quickly changing competitive landscape. Eventually, we envision that Jeremy’s deep network and understanding of a variety of fintech models will be a resource that we lean on while looking for new investment opportunities.
By adding an operating fintech executive to our management ranks here at Nyca, we are even better positioned to help our 50+ portfolio companies continue to develop efficiently to become even more effective in delivering their solutions. Given the pandemic and all the changes that it brings, fintechs can integrate into banks or stand up their own products in days and weeks rather than the months or quarters these developments needed just a month ago. This speed to market and leveraging technology is what fintechs were built to do, but it is now just happening faster than anyone could have imagined.
Jeremy started his career in financial services almost 20 years ago in New York with Lehman Brothers and Deutsche Bank. He moved to Uganda in the summer of 2007 where he got a close-up view of emerging microfinance trends and then went to Harvard Business School. While at Harvard, he became enamored with the potential of fintech and moved out to San Francisco to take part in the startup scene. He met the co-founders of SoFi and became their first employee 2011, where he was instrumental in refining and ramping up their business model. He joined Lending Club before their IPO, which is where he met Hans Morris and the team here at Nyca. After Lending Club, he held a variety of roles at Affirm, including interim CFO and eventually Chief Capital Officer before co-founding a fintech startup in 2019.
He will be based in New York, once he and his family can safely move across the country from San Francisco.
