BOCA RATON, Fla., March 8, 2016 /PRNewswire/ -- FlexShopper, Inc. (OTCQB Symbol: FPAY, "FlexShopper") announced today that Ravi Radhakrishnan has joined FlexShopper as Chief Risk Officer. Mr. Radhakrishnan was most recently Head of Underwriting Valuations and Senior Vice President of Consumer Card Services at Bank of America where he managed various facets of decisioning, risk strategy and underwriting across a $90B credit card asset portfolio.
Brad Bernstein, CEO, stated, "I am very pleased to have Ravi join the FlexShopper team and share his vast experience and knowledge, not only in risk strategy and underwriting, but also in targeted multi-channel marketing strategies, including direct mail. Ravi will also be leading our efforts in continued optimization of our lease portfolio performance which ultimately enhances our profitability."
FlexShopper, LLC, a wholly owned subsidiary of FlexShopper, Inc. (FPAY) is a financial and technology company that provides brand name durable goods to consumers on a lease-to-own ("LTO") basis through its ecommerce marketplace (www.FlexShopper.com) and patent pending LTO payment method. FlexShopper also provides LTO technology platforms to retailers and e-tailers to enter into transactions with consumers that want to obtain durable goods, but do not have sufficient cash or credit. FlexShopper also funds the LTO transactions by paying merchants for the goods and collecting from consumers under an LTO contract.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995.
Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, as a result of various factors including those risks and uncertainties described in the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our most recently filed Annual Report on Form 10-K and our subsequently filed Quarterly Reports of Form 10-Q. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
SOURCE FlexShopper, Inc.