The opportunity to financially empower a generation inspires her involvement
COSTA MESA, Calif.–(BUSINESS WIRE)–January 28, 2015–
Payoff, Inc. is thrilled to announce that global entrepreneur and influencer, Arianna Huffington, has joined Payoff’s Board of Directors. Ms. Huffington, founder, President, and Editor-in-Chief of The Huffington Post Media Group and author of 14 books about life, business and politics, is welcomed by the Payoff Board, including currently serving members Mohamed El-Erian (Former CEO, Pimco), Joe Saunders (Former CEO, Visa), Sean Park (Founder & Chairman, Anthemis Group), Jim Lane (Former Partner, Goldman Sachs), and Scott Saunders (Founder & CEO, Payoff).
Arianna Huffington, president and editor-in-chief of Huffington Post Media Group (Photo: Business Wire)
“Ariana Huffington is one of the most thoughtful people in our country about the American Dream today,” said Scott Saunders, Payoff Founder & CEO. “She is also one of the most inspirational people, having helped empower countless women, immigrants and entrepreneurs. We are excited that her involvement in Payoff will help us improve the financial lives of millions of Americans, helping Main Streets across the country thrive once again.”
Arianna said, “I joined the board of Payoff because I believe deeply in the need to reshape the financial services industry. The decline of the American middle class has been a concern of mine for years, and Payoff is committed to offering Americans the financial products, education and inspiration that can improve their lives, while measuring success through the success of its customers.”
In her 2011 book, Third World America: How Our Politicians Are Abandoning the Middle Class and Betraying the American Dream, Ms. Huffington describes the decline of the middle class, based on decades of financial tricks and traps and a rigged game. She also explains how credit cards’ hidden fees, fine print and interest rates drove millions into debt. Payoff’s first financial product, The Payoff Loan, is designed specifically to help debtors overcome their crippling liabilities, by refinancing credit card debt to lower interest rates and fixed payments and aligning incentives so it can be paid off as quickly and cheaply as possible – all with the aim of enabling people to become savers, investors and benefit from financial freedom.
Founded in 2009, Payoff, Inc. (http://www.payoff.com) is a technology-enabled, consumer-focused financial services company. Payoff builds transparent and empowering financial products with the customer’s best interest in mind. Payoff is backed by top-tier venture capital firms and some of the most prominent individuals in financial services. You can learn about opportunities to join Team Payoff, recently rated a Top Workplace in Orange County, at http://www.payoff.com/careers.