Category: Press Release

ATLANTA, Jan. 31, 2023 /PRNewswire/ — Vesta, a leading global transaction guarantee platform for online purchases, today announced the hiring of corporate transformation leader, Shimon Steinmetz, as Chief Financial Officer.

Steinmetz brings over 20 years of experience partnering with management teams and private equity investors to boost operational performance and maximize stakeholder value. Most recently, Steinmetz was a Senior Director at Alvarez & Marsal in the CFO Services & Transformation practice, where he specialized in helping clients tackle their most complex business issues to deliver quantifiable value increases across the company.

Steinmetz’s prior CFO experience includes serving as CFO at MerchantE in Atlanta, GA, where he executed an enterprise transformation that delivered a significant increase in enterprise value, as well as CFO of Finjan Holdings, a behavior-based cybersecurity firm that went public on Nasdaq under Steinmetz’s leadership.

“We are thrilled to have Shim join our leadership team during an exciting time of growth for the company,” said Ron Hynes, CEO of Vesta. “He has a stellar record of delivering tangible results and creating long-term, sustainable value. The breadth of his experience will be invaluable as he supports our operations to meet global demand for our services.”

As CFO, Steinmetz will lead Vesta’s global finance organization and activities including performance improvement, financial operations, corporate development, investor sourcing, technology transformation, stakeholder management, and more. He will report directly to the CEO of the company, Ron Hynes, and will be based out of Vesta’s Atlanta, GA office.

“I am excited to join a company that’s working to help businesses grow and succeed worldwide by eliminating fraud and increasing approval rates,” said Shimon Steinmetz, CFO of Vesta. “I look forward to supporting the company’s operations as it continues to scale and cement its leadership within the fraud prevention and transaction approval ecosystem, across industries.”

Steinmetz started his technology career as an investment professional at TH Lee Putnam Ventures and as a technology investment banker at Cantor Fitzgerald. Earlier in his career, Shimon worked in fixed-income capital markets at Salomon Smith Barney and investment banking at Goldman Sachs. He received his MBA from the University of Chicago Booth School of Business and his undergraduate degree from Yeshiva University.

About Vesta
Vesta is a global transaction guarantee company for online purchases, delivering unparalleled approval rates and a frictionless customer experience while eliminating chargebacks and other forms of digital fraud. Differentiated by its sophisticated data science and 25+ years of experience, Vesta brings a deep understanding of some of the world’s most serious threats and challenging markets. Leading brands in ecommerce, travel, financial services, and telco rely on Vesta to provide accurate decisions and 100% guaranteed transaction and revenue protection in real time. For more information visit www.vesta.io.

 

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The veteran team, led by Ari Rosenberg, joins InterVest from Sherman Capital Markets, and previously Citigroup Global Markets where they were responsible for financing and trading of non-mortgage consumer assets including autos, credit cards, and installment loans.

“Our diverse portfolio of specialty finance platforms has grown significantly and has expanded to include several marquee consumer finance businesses. We are excited to enhance InterVest’s direct origination, underwriting, asset management, and servicing capabilities in consumer assets with the addition of this accomplished team and their extensive expertise,” said Steven Tenenbayev, Chief Investment Officer of InterVest Capital Partners.

“We are thrilled to be part of the InterVest team, where world class expertise has strong capital backing. We look forward to building on the team’s track record of executing on a combination of complex and milestone transactions in the specialty finance space,” said Rosenberg. He continued, “InterVest’s steadfast approach to risk aligns with the values of our team. I have worked with Dave Mandel and Joel Gedzelman for decades; their expertise in origination, valuation, and execution in the consumer finance arena will leverage InterVest’s platform and capital stability to help deliver results.”

InterVest Capital Partners Descriptor

InterVest Capital Partners is an SEC registered investment adviser based in New York, focused on asset based lending, leasing and other structured finance verticals. Prior to January 1, 2012, the InterVest Capital Partners Investment Team was previously part of the Structured Finance and Business Development Division of Wafra Investment Advisory Group (“WIAG”). WIAG has subsequently changed its name to Wafra Inc.

Since 1999, the firm’s Leasing and Finance Program has established over 120 funds with committed capital exceeding USD 14 billion. To date, all asset based and structured finance funds have distributed their target current yield and have achieved their target returns to investors. Since 2004, the firm has managed 7 international real estate funds, a real estate debt fund, a global real estate securities fund and co-managed over 18 multi-family and office real estate transactions. For more information about InterVest Capital Partners, please visit: intervest.com

Media Contact
InterVest Capital Partners
425 Park Avenue, 35th Floor
New York, NY 10022
info@intervest.com

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