Fintech veteran Thibault Fulconis has been appointed chief financial officer of Dallas-based fintech startup Yendo, which offers the first-ever vehicle equity-backed credit card.
“We’re thrilled to welcome Thibault Fulconis to our leadership team,” co-founder and CEO Jordan Miller said in a statement. “His deep experience in the banking industry, leading companies of all sizes, makes him a perfect fit as we scale here at Yendo. Thibault’s track record of successfully growing businesses is exactly what we need at this critical stage of our growth.”
The company said that Fulconis brings more than three decades of leadership and financial experience to his new position. In his new role, Fulconis will oversee all financial operations, including strategic planning, capital markets, and financial reporting, Yendo said.
Before Yendo, Fulconis was CFO of Varo Bank, one of the first all-digital banks in the U.S. While there, Fulconis helped Varo become the first consumer fintech company to receive a national bank charter from the Office of the Comptroller of the Currency.
He also led the team responsible for multiplying Varo Bank’s revenue by 70x from Series A to a $1B+ valuation, Yendo said. Previously, Fulconis was the vice chairman and CFO of Bank of the West where he also served as the chief operating officer after various senior finance roles at BNP Paribas. Yendo said that Fulconis has worked across organizations large and small, including startups and established organizations, demonstrating strong leadership in corporate finance and operational improvements.
“I’m honored to join Yendo at such an exciting time for the company,” Fulconis said in a statement. “Yendo has built an incredible team and foundation and I look forward to helping drive continued success for the organization, our partners and our customers. I decided to join Yendo because I wanted to build something meaningful and have a real impact, and I look forward to unlocking new possibilities at Yendo.”
Founded in 2021 by Miller, George Utkov, and Daniel Ashy, Yendo says it grew more than 300% last year. The startup serves tens of thousands of customers across 40 states in the U.S., and since it launched its vehicle-equity credit card, Yendo says it has saved its customers over $100 million in interest and fees.
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Dallas-based Yendo, which created the first-ever vehicle-secured credit card, said it will use the financing specifically to fund the growth of originations on its platform, which will enable it to extend credit to more Americans at affordable rates.
