Swift Capital Adds Paul E. Sveen as Chief Financial Officer
Sveen to guide Swift Capital’s move into next growth phase
Philadelphia, PA – November 16, 2016 — Swift Capital has hired Paul E. Sveen as Chief Financial Officer. Sveen brings more than 30 years of financial expertise, and a deep background in building financial services businesses, to the position. Swift Capital is a leading provider of working capital for small businesses, providing nearly $1 billion in funding nationwide.
“Swift Capital provides fast and simple access to working capital for small businesses – a market that is underserved by today’s financial institutions. I’m thrilled to be part of an organization that’s solely focused on helping businesses seize control of their own destinies,” said Sveen. “Equally important, I’m joining one of the brightest and innovative teams in this industry. I look forward to helping guide the company through its next phase of growth.”
Previously, Sveen spent more than 19 years at Lehman Brothers and in his first 15 years lead several asset monetization and securitization businesses. During his last four years at Lehman, he held executive leadership positions at Aurora Loan Services, Lehman’s flagship mortgage origination and servicing platform, during its growth into the nation’s leading Alt-A loan originator and servicer. Paul started his career as a commercial lender for Irving Trust Company.
Most recently, Paul was founder/managing partner of Pantelan Real Estate Services, a pioneer in the development of the institutional single family rental business. Pantelan has worked with institutional investors directly acquiring, renovating, leasing and managing thousands of homes, and has advised some of the largest participants in the SFR market on operational efficiency and performance. Paul has also been a strategic advisor to a select group of private equity firms on new business ventures and improving operations at portfolio companies.
“Sveen is an accomplished leader with decades of experience in building businesses,” said Ed Harycki, chief executive officer at Swift Capital. “The combination of his deep experience with, and understanding of, finance and business operations provides him with a unique and practical strategic perspective on managing a high growth company. I’m excited to have him as part of our team.”
About Swift Capital
Swift Capital’s mission is to unleash the potential of small businesses by providing them with the working capital they need when traditional banks fall short. Swift’s platform rapidly assesses the health of a business, allowing businesses to get a decision within minutes, with funding in as little as one business day. Swift Capital combines its innovative data analytics with a relationship-focused customer experience to deliver a streamlined funding process and personalized approach. Swift Capital has provided nearly $1 billion in funding nationwide.
Swift Capital stands out on Inc. magazine’s prestigious Inc. 500 — at the No. 368 spot overall, and coming in at No. 23 in Top Financial Services companies. It’s the third consecutive year the company has been included. Locally, Swift Capital was named the tenth fastest growing company in the region by the Philadelphia 100.
Swift is backed by Sutter Hill Ventures, Khosla Ventures, Third Point Ventures, First Round Capital, and SV Angel. To learn more about Swift Capital’s business funding products and to get a free, no obligation instant quote call 1-888-923-0007 or visit https://www.swiftcapital.com/.
Head of Corporate Communications