NEW YORK–(Enterprise WIRE)–Aug 17, 2021–
Lightyear Cash LLC (“Lightyear”), a New York-primarily based non-public equity organization targeted on economic solutions, has appointed Marc West as a Senior Advisor to Lightyear Fund V, L.P. and its parallel financial investment cars (“Fund V”).
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Marc West, Senior Advisor, Lightyear Fund V, LP (Photo: Business Wire)
Mr. West is an experienced and well-informed chief in fintech who has effectively scaled and led businesses by leveraging technological know-how to streamline functions and digitize economical merchandise and services to increase customer expertise and enrich client worth proposition.
Mr. West brings considerable leadership and expertise of economic technology linked to Fund V’s expenditure themes, like the digitization of money products and solutions and companies, the integration of payments know-how, and the expansion of info and automation.
“We are delighted to have Marc on board as we explore alternatives for Fund V,” mentioned Mark Vassallo, Managing Partner of Lightyear. “He brings beneficial technological innovation and management working experience in money companies which will benefit our diligence and benefit generation endeavours.”
Mr. West recently served as Chief Info Officer at Fiserv, Inc. (NASDAQ: FISV), a major worldwide company of payments and financial products and services engineering methods and a Fortune 200 corporation. In this role, Mr. West oversaw facts technological innovation infrastructure and functions, corporate programs, organization architecture, technological innovation governance, and led the company’s strategic concentrate on upcoming era engineering platforms, including an acquisition strategy from a technological know-how point of view. His responsibilities protected cell, electronic, and payments from main account processing to facts services.
Prior to that, Mr. West served in other management roles at Fiserv which include President, Digital Channels, the place he drove technique, merchandise administration, and internet marketing for a range of digital banking alternatives, and Senior Vice President, Banking and Aggregation for Digital Payments, exactly where he successfully oversaw the progress and shipping of revenue motion solutions as nicely as account aggregation instruments.
Just before signing up for Fiserv in 2013, Mr. West was the President and CEO at Mamasource, one of the greatest e-commerce platforms concentrated on mothers, where by he was responsible for company progress and strategic partnerships. He has also served as Taking care of Director of e-enterprise at Barclays World Buyers and has held senior management positions at H&R Block and Digital Arts.
Mr. West holds a bachelor’s diploma in Laptop Science from the University of Maryland and a master’s degree in Human Resource Management from Golden Gate University.
About Lightyear Funds LLC
Established in 2000, Lightyear is a economical providers-concentrated non-public equity agency based mostly in New York. By its affiliated personal equity money, Lightyear can make primarily manage investments in North The united states-dependent, middle-current market companies connected with financial expert services, like asset administration and wealth management, financial institutions and brokerage, business and buyer finance, economical technological know-how, health care economical companies, insurance coverage, and tech-enabled business companies. Lightyear delivers target and discipline to its investment decision process, as very well as working, transaction, and strategic management experience, alongside with important contacts and sources over and above funds. For more facts, please visit www.lycap.com.
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Contact: Elliot Sloane
Search phrase: UNITED STATES NORTH The us NEW YORK
Field Key phrase: BANKING Skilled Solutions FINANCE
Resource: Lightyear Capital LLC
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PUB: 08/17/2021 09:00 AM/DISC: 08/17/2021 09:02 AM
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