Rapid expansion of private credit market drives demand for AI-powered portfolio monitoring
BOSTON, MA (January, 29th, 2025) - EnFi, an AI-driven fintech startup transforming how lenders assess and monitor credit risk, today announced continued momentum as it welcomes its first-ever chief revenue officer, adds customers and achieves human-level accuracy in AI agents for banks and private lenders.
On the heels of EnFi’s successful $7.5 million seed funding round and announcing Grasshopper Bank as its first customer – the company names fintech veteran Chris Aronis, EnFi’s new chief revenue officer.
Aronis brings over 20 years of experience driving growth in the fintech sector. He held leadership roles at Fiserv, Quovo (acquired by Plaid) and Bottomline Technologies where he led go to market initiatives that delivered transformative growth. Aronis also served as chief revenue officer at Numerated, a digital platform specifically designed for business banking and lending.
At EnFi, Aronis will focus on scaling the company’s go-to market and customer success strategies and delivering solutions tailored to lenders’ evolving needs.
EnFi’s native AI-powered platform automates and enhances credit risk management, turning labor-intensive processes into real-time, data-driven insights. By combining proprietary Continual Risk Analysis™ and Predictive Risk Identification™ technologies, it gives lenders a comprehensive view of current and potential risks across their portfolios.
“The next systemic challenge in lending will arise from risks that institutions fail to identify,” said Joshua Summers, CEO of EnFi. “Our solutions provide underwriters and portfolio managers with a level of actionable intelligence that was previously impossible due to complex, unstructured data sets and system limitations. Chris’ deep financial expertise strengthens our ability to address customer needs and innovate at a rapid pace to fully realize the platform’s potential.”
"The timing couldn't be better to join EnFi as we help financial institutions establish the right foundations for continued growth, efficiency and resilience. We’ve entered a “new era of lending,” and I’m thrilled to be part of scaling this technology,” said Chris Aronis, Chief Revenue Officer, EnFi.
Banks and other financial institutions are adopting AI at an unprecedented pace. As this market grows, so does the need for advanced tools to navigate its complexities. EnFi is uniquely positioned to lead this transformation, delivering solutions that redefine the future of credit risk management.
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About EnFi
EnFi delivers comprehensive solutions throughout the lending lifecycle, harnessing AI to empower lenders with the capabilities of 10,000 analysts. By continuously monitoring risk from raw borrower data and integrating information from public and private sources, EnFi enables rapid risk assessment and real-time scenario modeling. This allows lenders to manage more loans efficiently, resulting in higher profitability and reduced rate of loss. EnFi was founded by serial entrepreneurs Joshua Summers and Scott Weller, who have successfully exited several leading technology companies to notable public organizations. Learn more at www.enfi.ai
Press Contacts:
Iden – Karolina Throssell, Karolina@iden.global; Bridgette Borst Ombres, Bridgette@iden.global
