It measures its success by its customers' financial success and strives for 100% customer satisfaction. The company aims to help its customers build both their credit and financial futures, while providing white glove treatment they do not receive elsewhere. McSorley also remarked "The 2020-A transaction will reduce the company's overall cost of funds by several hundred basis points, which will allow CFC to support its bank partners as they collectively increase their offering of credit cards to the underserved market."įounded in 2005, Continental Finance Company is dedicated to being the leading marketer and servicer of credit cards to the near prime market. We observe counter cyclical behavior during times of stress, as opposed to the prime credit card market." Mr.
Unlike prime credit products with high balances, CFC customers view their credit card account as one of their most important financial tools in the conduct of their everyday life. El-Rayess illustrate the resilience of our products during times of economic stress.
CFC's experience in both recent major economic events, the 2008 Great Financial Crisis and the Pandemic of 2020, prove the importance of our products to aid our customers through those difficult times," added El-Rayess.ĬFC President Steve McSorley noted, "Not only is our credit card product essential to our underserved customer, but the performance of our portfolio during both financial crises highlighted by Mr. We are very proud to offer an essential product to our customers so they can make purchases online and pay for everyday items without having to handle cash. However, CFC observed very robust customer behavior, as cardholders paid down their balances, while using their credit cards primarily for essential purchases such as groceries and other online purchases. "In March of 2020 the fixed income investor market began shedding consumer risk backed securities, as it expected the consumer to be strained, given the spike in unemployment.
Attachment tamer for el capitan series#
"The inaugural issuance of Series 2020-A out of CFC's newly formed master trust subsidiary was met by overwhelming investor demand as the transaction was more than six times oversubscribed, reflecting strong investor demand for fixed income securities" said Tamer El-Rayess, CFC's Chairman.
They retain Bridge Partners to leverage our innovative search approach and our track-record of presenting the highest caliber, diverse executives."CFC customers view their credit card account as one of their most important financial tools."Steve McSorley, President Tweet this
He joins Acumen Capital Partners from responsAbility Investments AG, where he was Head of Private Equity Africa, Agriculture & Food. Tamer will lead a $50m Agriculture-focused fund that intends to reach over 10M people by 2030 with products & services that improve smallholder productivity, income, and climate resilience at scale. NEW YORK, NY, December 2018 – Bridge Partners is excited to share the appointment of Tamer El-Raghy as Managing Director at Acumen Capital Partners.Īcumen ( is changing the way the world tackles poverty by investing patient capital in businesses whose products and services are enabling the poor to transform their lives. PRESS RELEASES Tamer El-Raghy Appointed as Managing Director, Acumen Capital Partners
0 kommentar(er)
