SnapCap, a web-based provider of alternative business loans headquartered in Charleston, announced that Blackbaud Chief Executive Officer Mike Gianoni will serve on SnapCap’s board of advisors to help guide the strategic direction of the company.
Technology-driven and committed to investing in small business, SnapCap offers a better way to borrow by focusing on performance-based financing, which evaluates the health of a business, not just the business owner’s credit score. Personal service combined with real-time evaluation technology makes it easier to provide financing solutions with greater speed and accuracy. A single-source lender, SnapCap processes and funds most loans in less than 48 hours.
“SnapCap is uniquely positioned to address an underserved customer base by innovating the lending process, which is why I find this opportunity so intriguing,” said Gianoni. “I’m excited to join SnapCap’s board of advisors and to help scale this promising Silicon Harbor-homegrown technology company.”
In his role with SnapCap, Gianoni will serve as a strategic advisor in a variety of areas including capital plans, corporate structure, operational structure, M&A and financials, among others.
Gianoni has served as president and chief executive officer of Blackbaud, Inc. (NASDAQ: BLKB), a leading technology company that powers the business of philanthropy for its more than 30,000 nonprofit customers, since 2014. An experienced IT services executive, his interest in technology was sparked in high school when he took his first engineering class. Today, with degrees in both engineering and business – as well as an MBA and Honorary Doctorate from the University of New Haven – Gianoni has a successful track record of strong operational management of IT businesses that deliver value for customers, shareholders and employees. He is an advocate for corporate cultures that encourage employees to thrive professionally and personally while accomplishing strong top-line growth.
Gianoni joined Blackbaud from Fiserv, Inc., a global provider of financial services technology solutions, where he was executive vice president and group president of the Financial Institutions Group. Previously, he was president of Fiserv’s Investment Services division, executive vice president and general manager of CheckFree Investment Services, and the leader of numerous divisions at DST, where he focused on developing new platforms and ensuring stronger operational controls. He currently serves on the board of directors for University of New Haven and Teradata.
“We are very fortunate to welcome Mike as an advisor and leverage his experience, expertise and ideas on the intersection of technology and lending,” said SnapCap Co-founder and President Hunter Stunzi. “Mike will assist in guiding SnapCap’s strategic direction and help us better serve our customers, which is key to our ongoing growth and success.”