LOS ANGELES, Oct. 22, 2012 /PRNewswire/ -- Goldman Sachs will recognize Scott Saunders, founder & CEO of Payoff.com, as one of the top 100 entrepreneurs of 2012 and will salute his innovation and leadership in the financial services industry at the 2012 Inaugural Builders & Innovators Summit this week in Newport Beach, California.
Founded in Los Angeles in 2009, Payoff.com has helped more than 140,000 Americans achieve savings and debt payoff goals of more than 87 million dollars through its rewarding and game-like approach to personal finance.
For more than 140 years, Goldman Sachs has been advising and financing the most innovative entrepreneurs as they launch and grow their businesses. "From Henry Ford to Bill Gates, Goldman Sachs has been a friend to world-changing entrepreneurs," said Scott Saunders, CEO of Payoff. "This entrepreneurship award is indicative of the support of a terrific co-founder, Eden Warner, and an intensive effort on the part of our team to change the 'game' of consumer financial services."
"We are honored to have Scott join us as one of the top 100 most innovative entrepreneurs at this inaugural event," said John Weinberg, co-head of investment banking at Goldman Sachs. "This gathering is the first of its kind, bringing together emerging entrepreneurs from a diverse set of industries with more seasoned entrepreneurs to discuss how to build great and enduring companies that reshape their industries and make the world better through innovation."
Payoff (www.payoff.com) is a financial behavior platform that rewards financial progress. Payoff has changed the "game" of consumer finance by offering a more lighthearted and motivational experience to consumers. Payoff helps people set financial goals, like paying off a credit card or saving up for a trip, track goal progress by linking the financial accounts associated with those goals, and rewards progress with badges and prizes to celebrate customers' positive financial accomplishments. Payoff was founded in 2009 in Los Angeles, California.