Gary Chodes was most recently Chairman and CEO of Raiseworks. He is an acknowledged expert on issues impacting a wide range of emerging consumer and commercial finance markets. Gary has over 20 years of experience building businesses with significant direct marketing efforts and national distribution networks.
Founded in 2011, Raiseworks is the first US marketplace small business lender to focus on selling whole loans to institutional investors and is the first to own a FINRA member broker-dealer registered in all fifty states.
Prior to Raiseworks Gary was the founder and CEO of Oasis Legal Finance, the largest U.S. provider of financial services to consumers with pending legal claims. Gary was also the co-founder and Chairman of Paylink Payment Plans, a leading payment processing and financial services firm for the vehicle service contract market, which was sold to a private equity firm in 2011.
Prior to founding Oasis and Paylink, Gary built several innovative insurance technology businesses. He founded and served as President of Viaticus, a leading provider of liquidity for affluent individuals. He sold Viaticus to CNA Insurance, part of Loews Corporation (NYSE:L). Along with several former CNA Insurance executives, Gary was instrumental in helping launch one of the first on-line small business insurance portals, Insurance Vianet - which was sold to Willis Group Holdings plc (NYSE:WSH).
Gary also serves as CEO of American Consumer Lending, a leading purchaser of peer-to-peer consumer loans from U.S originators, and National Property REIT, a large owner of multi-family housing in in the US. Both are affiliated with publicly-traded BDC Prospect Capital Corporation (NYSE:PSEC).
Gary holds a B.S. in Economics from The Wharton School at the University of Pennsylvania and a M.B.A. from the Kellogg School of Management at Northwestern University.