NEW YORK–(BUSINESS WIRE)–Yieldstreet, the digital wealth management platform, today announced that Ron Suber, President Emeritus of Prosper Marketplace, and a leading fintech investor, has joined the Yieldstreet Board of Directors.
Mr. Suber, who holds a record of leadership at financial services companies, served in executive capacities at Bear Stearns, Spectrum Global, Merlin Securities, Wells Fargo Securities, and Prosper Marketplace. As a Board member, Mr. Suber will advise Yieldstreet’s executive team as they continue to scale the company.
“Founders Milind Mehere, Michael Weisz, and Yieldstreet’s executive team have a bold and promising vision for the future of wealth management,” Suber said. “Yieldstreet is an example of how fintechs should be built for scalability and longevity and I am honored to serve on its Board of Directors.”
Yieldstreet’s investors have invested more than $1 billion through Yieldstreet’s platform and Yieldstreet has returned more than $650 million in principal and interest payments to them since inception.
Yieldstreet was listed at number 12 in Financial Times’ top-500 fastest-growing companies in 2020 and Inc’s top-50 ranking of private companies by growth for the second consecutive year. The company was also included in CB Insights’ list of the 250 most promising fintech companies in 2020.
“In his 30 years on Wall Street, there isn’t much, if anything, that Ron hasn’t seen or done,” Yieldstreet Founder and CEO Milind Mehere said. “He is a fintech pioneer and has been one of the creative forces in this new world of investing. Our company and our investors will benefit from having a person of his high caliber joining our Board. Michael and I look forward to working with him.”
“The members on our Board are experts in their fields and having Ron here makes the Board’s collective expertise even deeper and richer,” Yieldstreet President and co-founder Michael Weisz said.
About Yieldstreet
Yieldstreet is striving to change the way wealth is created for individual investors by opening up access to investments across a range of asset classes including Real Estate, Marine Finance, Art Finance, Legal Finance, Commercial loans, and Private Business Credit. More than $1.1B has been invested on Yieldstreet’s platform since the company was founded in 2015. To date, Yieldstreet has returned $650M in capital back to the investor community.
Headquartered in New York City with offices in Brazil, Argentina and Greece, Yieldstreet is backed by venture firms including Edison Partners, Greycroft, and Raine Ventures. Join the movement at www.yieldstreet.com.
About Ron Suber
Ron Suber is the President Emeritus and Senior Advisor to Prosper Marketplace. Ron specializes in sales, marketing, branding, and mentorship.
Ron has a successful history of creating and executing successful strategies, raising debt and equity for fintech ventures, collaborating and having fun on winning teams. Following his retirement from Prosper, Ron enjoyed engaging with entrepreneurs to help with their marketing, product development, strategy, sales process, hiring, focus and execution of key metrics.
Ron serves on the Board of Directors at Qwil and Yieldstreet. He’s an advisory board member to Juvo, Unison, Money360, House Canary, MoneyLion, Earnup, Sundae, Even Financial and eOriginal. He was Chairman of the board at Credible which he took public in 2017.