Ovadje returns as company sees huge growth
WILMINGTON, Del., June 2, 2022 /PRNewswire/ — Marlette Holdings, Inc., a leading fintech company that operates the Best Egg financial platform, today announced that Stephen Ovadje has joined the company as the new Managing Director of Personal Unsecured Loans. . One of Best Egg’s first employees in 2014, Ovadje has held leadership roles in strategic planning, financial analysis, and customer acquisition marketing. Ovadje returns to Best Egg to help chart the future of the company’s high-growth unsecured personal loan product.
“Everything we started working on when Stephen was part of the team in 2014 is now coming to fruition, and we are delighted to have him back to help us make that vision a reality,” said Bobby Ritterbeck, president of personal loans for Best Egg. “Making sure people have access to the money they need to feel more confident about their day-to-day finances, even in times of disruption, is critical to our mission.”
Since its launch in 2014, Best Egg has strived to help people feel more confident about their finances by providing quick, easy and convenient ways to pay for things beyond their daily needs, especially when ‘they have limited savings to absorb unforeseen expenses. Best Egg’s personal loan products have experienced phenomenal growth over the past two years, growing from $12 billion at $18 billion loans with strong credit performance. The company has also diversified its offering by introducing the Best Egg Visa® credit card and the free Best Egg Financial Health tool in 2021 and announcing $225 million in equity financing March 2022.
“The people, the growth trajectory and the opportunities brought me back to the Best Egg team,” Ovadje said. “The culture that Jeffrey Meiler, Bobby Ritterbeck, and the rest of the management team have created is unparalleled. I truly believe in the vision and strategic direction of the company. The opportunity to lead the next phase of growth for the flagship unsecured personal loan product was one I couldn’t ignore.”
Ovadje returns to Best Egg after more than two years as an executive director at JPMorgan Chase, where he led Chase Sapphire acquisitions and loyalty marketing strategy. Ovadje’s career in financial services spans nearly two decades. He began his career at Bank of America and held senior positions at Barclays and Deloitte. Ovadje received his MBA from The Wharton School and holds a Masters in Information Systems from Drexel University and a bachelor’s degree in computer science from Lincoln University. He sits on the boards of the Christina Cultural Arts Center Wilmington and the Danne Institute for Research. He is also a co-founder of an educational technology company called AcadaPlus, which focuses on providing solutions for schools in Africa to improve student achievement.
Best Egg continues to grow and adds hundreds of new members to its team. Learn more about open positions on the Best Egg careers page.
About Marlette Holdings, Inc.
Marlette Holdings, Inc. is a leading financial technology provider whose subsidiaries develop and operate Best Egg, a financial health platform that provides lending products and resources aimed at helping people feel more confident in managing of their day-to-day finances. Since March 2014Best Egg has delivered more than $18 billion in personal consumer loans with strong credit performance, welcomed 213,000 members to the recently launched Best Egg Financial Health platform and enabled over 59,000 cardholders to carry the new Best Egg credit card in their wallets . For more information, visit bestegg.com.
SOURCE Best Egg