MIX Appoints New CEO Jeffrey Binstock To Lead MIX Into New Era of Growth for the Organization and The Microfinance Sector

WASHINGTON, June 19, 2014 /PRNewswire-USNewswire/ -- MIX, a leading information provider and thought leader in the microfinance sector, announced the appointment of Jeffrey Binstock as new CEO for the organization. Binstock succeeds Mårten Leijon who led the organization from 2009 to 2013.

Binstock brings to MIX more than 20 years of experience in the private sector, most recently as COO for Tokyo-based K.K. Gengo where he secured multiple rounds of venture capital funding and $100M in acquisitions in the media, information, and financial services industries. Other organizations where Binstock brought significant growth include Artnet Worldwide, which delivers information on the art auction market and Urbanfetch, a B2C delivery service. During his tenure, Binstock has held senior positions in finance, operations, sales and product management in the U.S., Europe, and Asia.

MIX believes that the financial inclusion and microfinance sector is once again at a critical inflection point.  As an infrastructure provider to this vital sector, MIX's traditional models of promoting responsible financial services to the underserved are yielding to newer models where technology more than ever is critical to the sustainable and inclusive financial future for many markets. MIX has also celebrated some significant milestones in the last two years including surpassing one million USD in earned revenue for MIX Market's new premium solutions and the introduction of FINclusion Lab, the first data visualization and analysis platform that brings together a comprehensive view of financial services at the national and sub-national level.

"Jeff's career has spanned finance, media and information services, including a career start with Citibank on FX trading systems and the growth and product strategy for Artnet, a "MIX Market" of the art auction world, explains MIX COO Blaine Stephens.  We believe that under Jeffrey's guidance, MIX will continue to grow and evolve in its role as a thought leader in the microfinance sector," added Stephens.

"I look forward to learning more about MIX's already successful collaborative and community-based approach and to help identify further opportunities to simplify MIX's data delivery to an otherwise complex market," Binstock said. "I also understand how important it is to continue providing a public good and a sustainable business model for MIX and I plan to collaborate with MIX's partners on this topic early in my new role."

Asked about the new appointment, MIX Chairman of the Board, Jane Eddy said, "Jeff's arrival will help bring new energy and talent to the two strategic priorities that we have ahead of us in transforming how the industry collects, manages and analyzes reporting and in building out a role for MIX to support financial inclusion." In both these areas, Jeff will bring experience in fundraising and managing and developing product for high growth businesses to shape MIX's growth strategy."

ABOUT MIX
MIX promotes responsible financial services for underserved communities through data analytics and market insight with two decision support platforms, MIX Market and FINclusion Lab. As basic infrastructure for responsible and inclusive markets, these platforms provide the necessary environment to enable and inspire coordinated investment, effective policy, and positive social outcomes. Incorporated in 2002, MIX is a nonprofit organization headquartered in Washington, D.C. with regional offices in Azerbaijan, India, Senegal, and Peru. Our efforts are strengthened through our collaboration with the following global partners: Bill & Melinda Gates Foundation, CGAP, The MasterCard Foundation, IFAD, DFID, Michael & Susan Dell Foundation, and Citi Foundation.

SOURCE MIX