US savings platform provider Plinqit has named Peter Petras as vice president of sales and partnerships following a period of significant growth for the fintech.
Plinqit recently raised $5 million in its latest series A funding round as the fintech continues to license its app, which helps users to save and pays them for consuming and interacting with content designed to improve their financial literacy, to banks and credit unions.
Current Plinqit clients include Bank of Michigan, Chelsea State Bank and 4Front Credit Union.
As Plinqit continues to expand, Petras will support the company’s overall growth strategy, which includes platform and system integrations such as the recently announced partnership with financial services SaaS provider Jack Henry.
Petras joins Plinqit with more than 20 years of experience, previously serving as director of sales for Array, a financial enablement platform specialising in embeddable tools and whitelabelled solutions. Prior to that, he was an adviser for Conductiv, an artificial intelligence-powered, data decisioning conductor for lenders.
Petras was also vice president of business development for BankMobile, now BM Technologies, one of the largest digital banking platforms in the US.
He held additional leadership and business development roles within the industry, including LifeLock. He was also one of the core employees at Lending Club, joining in 2006 when it was founded.
Commenting on his appointment, Petras said: “Joining Plinqit was a natural next step. Their mission to provide powerful solutions that not only encourage greater engagement for institutions but increase financial literacy for their users aligns with my vision for the industry. I look forward to supporting Plinqit’s goals in an increasingly crowded digital marketplace.”
Plinqit founder and chief executive officer Kathleen Craig said: “Plinqit continues to reach new growth milestones, making it critical that we grow our team with the industry’s very best—and Peter is one of those.”
“Peter joins our team with not only an impressive background, but an approach to the industry that parallels ours. As more financial institutions tap Plinqit both to increase engagement with customers and members and as a powerful acquisition tool, he will be invaluable.”