eProdigy Brings in Tim Derstein to Head Up Business Development

eProdigy announces Business Development Hiring

Online PR News – 23-March-2015 – New York, NY – eProdigy, a fintech holding company with several subsidiaries in the alternative finance space, has brought Tim Derstein on board to head up the firm’s Business Development initiatives. In that role, Mr. Derstein, who joins eProdigy from Next Wave Funding, will oversee the optimization and expansion of eProdigy’s affiliate program and product offerings.

Mr. Derstein brings several years of financial services and business development experience to eProdigy, as well as knowledge of implementing best practices for working with ISOs (Independent Service Organizations) and other affiliates. Observes eProdigy CEO, David Rubin, “Tim is a stellar addition to our team. He seamlessly combines the methodical with the personable. I’m confident that he’ll raise service levels with our current partners, and then rapidly expand to a new universe of partners. He also brings to eProdigy a wide knowledge of product types. Working closely with our partners tailoring individual products to different needs, he will provide much insight and guidance on how we can expand our own offerings.”

Notes Tim Derstein, “The two biggest draws to eProdigy were first, its vision for the role technology plays in expediting advances in a risk-sensitive way; and secondly, that I’ll have the berth to create a new department from the ground up. Partner relationships are critical to scaling, so once we get those relationships right, we can get our scaling right, too. By helping make our partners successful, they will increasingly think of us, first.” Regarding the industry more broadly, he adds, “There is still a huge lack of awareness of the merchant cash advance product among businesses. Many companies that wouldn’t qualify for an SBA, do qualify for our products, so I believe there’s a huge latent and untapped market out there. If that market can use cash advances in a way that is wisely managed, then all the players in the equation - merchant, ISO and provider will gain.”

About Tim Derstein
Tim Derstein joins eProdigy from Next Wave Funding, where he served as the manager of the ISO Relations Department. Tim will serve as eProdigy’s Business Development Manager and will work to grow the company’s ISO business by adding a wide array of products and services to eProdigy’s current offerings. A graduate of Chestnut Hill College, he brings several years of financial services and business development experience to eProdigy.

About eProdigy Financial
eProdigy provides a suite of services to the alternative finance industry through proprietary online platforms. We work with funders, ISOs, syndicates and brokers to provide a comprehensive servicing tool that allows our partners to manage their deals seamlessly. eProdigy is redefining the way small and midsized businesses access working capital with technology that offers merchants a five minute decision and same day funding. Our companies include: Capital Stack, 1Workforce, ACH Capital, eProdigyACH DBA ACHBanking, eProdigy Loans, and Daily Funder.
For more information, please visit www.e-prodigy.com

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