| How they describe themselves:
MoneyAisle is the first free, on-demand, 24/7 auction
site where banks actively compete in live auctions for an individual consumer's business.
It significantly expands a bank's addressable market and dramatically reduces a bank's
customer acquisition costs, all the while delivering the best possible value to the
consumer. It is a win-win for both banks and consumers.
What they think makes them better: MoneyAisle provides auctions where many sellers
(financial institutions) bid live to win each customer’s business. Buyers (consumers)
benefit by having sellers actively compete for their business in instantaneous on-demand
auctions, 24/7. The sellers are able to raise deposits and increase lending at a very low
cost. Fees are success-based; sellers pay a fee only when a customer is acquired, avoiding
typical expensive and uncontrollable lead-based click-fees. neoSaej does not accept any
advertising, keeping MoneyAisle independent of advertiser influences.
Executives: Mukesh Chatter (CEO), Rohit Goyal (VP of Engineering), Bob Watterson
(VP of Bank Partnerships), Damon Pender (CFO)
Investors: Stata Venture Partners, LLC; NeoNet, LLC
Board Members: Ray Stata (Chairman, NeoSaej), Mukesh Chatter (President & CEO,
NeoSaej), Tom Ebling (CEO, Lattice Engines), Priti Chatter (General Partner, NeoNet)
Advisory Board Members: Dr. Robert M. Freund, Theresa Seley (MIT), Dr. Robert
Rines (MIT), A. James Lavoie (Former Chairman and CEO, Middlesex Savings Bank),
Jim Feldt, (Former EVP & President Merchandising & Marketing, Toys-R-Us),
Christopher W. Emmons, (President and CEO, Gorham Savings Bank), Sushil Tuli
(President and CEO, Leader Bank), Thomas R. Venables (President and CEO, Benjamin
Franklin Bancorp), Jim Delamater, (President, Northeast Bankcorp)
Customers: We have over 100 US based banks in our network.
Contacts:
Biz Dev: Linda Venezio, 781-272-1774, Lvenezio@neosaej.com
Press: Alex Wallace, Racepoint Group, 781-487-4679, mediarelations@neosaej.com
Bank Partnerships/Sales: Bob Watterson, 781-272-1774 x223, bwatterson@neosaej.com |
