San Diego-based fintech startup Zebit has hired Steve Lapin as its first chief financial officer.
The company announced Jan. 22 that Lapin, most recently head of capital markets at San Francisco-based online lender LendUp, is relocating from the Bay Area to San Diego to take on the role.
Zebit, launched in 2015, offers consumers up to $2,500 of interest-free credit without a credit check. It generates revenue through its online marketplace of products, such as electronics and appliances, to which those to whom the company has extended credit have access.
The company says it has extended credit to about 150,000 people since it started.
At LendUp, Lapin raised multiple rounds of equity and closed on hundreds of millions of dollars in asset-based financing, according to Zebit. Previously, Lapin spent six years at Virgo Investment Group, a private equity firm.
“(Lapin’s) experience in equity and debt investments and (financial planning and analysis) chops are tremendous assets that we'll leverage as Zebit continues to scale rapidly," said Marc Schneider, cofounder, president and CEO of Zebit.
Zebit’s venture capital backers include Crosslink Capital, Wildcat Venture Partners, Leapfrog Ventures and Correlation Ventures.
Reporter Sarah de Crescenzo can be reached at firstname.lastname@example.org.