How they describe themselves: MoneyAisle provides consumers with great rates on auto refinancing, new and used auto loans, CDs, and high-yield savings accounts while simultaneously helping banks and credit unions attract new customers. MoneyAisle’s methodology is simple: have
participating financial institutions compete with each other in live auctions for each individual
consumer request on demand, 24/7. MoneyAisle’s patent-pending technology creates a safe,
transparent platform for consumers to get great rates on deposits, auto loans, and additional soon-to-be-released lending products.
What they think makes them better: MoneyAisle differs from other online auction sites,
which are seller-centric, by providing buyer-centric auctions to consumers: sellers bid for the buyer’s business. MoneyAisle eliminates the buyer’s burden of time-consuming comparison-shopping by
providing free, live, on-demand auctions, 24/7.
Key Executives: Ray Stata (Chairman), Mukesh Chatter (President & CEO), Rohit Goyal (VP,
Engineering), Bob Watterson (VP, Institutional Partnerships)
Investors: NeoNet LLC, MBPP LLC, Stata Venture Partners, and a large money management firm
Board Members: Ray Stata (Chairman of the Board, Analog Devices, Inc.), Mukesh Chatter (President & CEO), Thomas R. Venables (Former President & CEO, Benjamin Franklin Bancorp), Priti Chatter (General Partner, NeoNet, LLC.), Samuel Sichko (Managing Partner, MBPP LLC)
Advisory Board Members: Dr. Robert M. Freund (Deputy Dean), Theresa Seley (Professor, Operations Research, MIT), James Lavoie (Former Chairman and CEO, Middlesex Savings Bank), Robert M. Mahoney (Former Executive Vice Chairman of Citizens Financial Group (CFG), Jim
Delamater (President, Northeast Bankcorp)
Customers: MoneyAisle currently has over 145 banks and over 75 credit unions in its network.
Contacts:
Bus. Dev.: Gretchen Saegh, Sr. Mkt. Dev. Mgr., 781-272-1774x257, gsaegh@moneyaisle.com
Press: Kevin Cafferty, 781-272-1774x248, mediarelations@moneyaisle.com,
Sales: Bob Watterson, VP, Institutional Partnerships, 781-272-1774x223,
bwatterson@moneyaisle.com |
