In this episode, Hall welcomes Nish Krishna, CEO of Lend-Grow.

Headquartered in Reston, Virginia, Lend-Grow is a complete digital growth platform for local lenders. Lend-Grow aims to connect consumers with 1000+ local lenders that are often harder-to-find online and usually have better deals on loans. Lend-Grow was founded by executives that successfully built multi-billion dollar portfolios at both big banks and credit unions.  

Lend-Grow's platform consists of (i) RateBunni, a rate aggregator that has information on rate competitiveness and trends from 300+ local lenders, (ii) Lend-Grow marketplace to pre-qualify and route borrowers to local lenders in real-time, and (iii) Ask Lend-Grow recommendation engine to help local lenders take smart, data-driven decisions.

Nish has spent the past decade at both large banks (Capital One, E*Trade) and mid-sized ones (M&T Bank, PenFed Credit Union). At Capital One, Nish managed growth for a $600 million co-brand card business and $2.5 billion small business lending. Before starting Lend-Grow, Nish set up the Consumer Loans business at PenFed and grew this business to $1.2 billion in loans over two years. Nish is an MBA graduate from Darden Business School and an IIT alum.

Nish discusses investing in FinTech, broad trends in lending, challenges and opportunities for FinTech startups, and the thesis for Lend-Grow. He advises investors and entrepreneurs and shares resources for anyone interested in the fintech sector.

You can visit Lend-Grow at www.lendgrow.com.  

Nish can be contacted via LinkedIn at www.linkedin.com/in/nishithkrishna/ and via email at nkrishna@lendgrow.com. 

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

One of the key roles of a board member is coaching the CEO.

Here are some key points to consider:

• Focus on the team, the financials, and the strategy of the company
• Avoid the minutiae of day-to-day operations
• For the team, work on building the company’s culture
• The CEO may need help in identifying the need and timing for new hires  
• The right CFO can be very helpful to a CEO in a growing company
• For finances, discuss the use of cash, cash-burn rates, and the next round of fundraising

There are many choices here and the CEO needs support to sort it out.

For strategy, make sure the company has figured out their North Star metric - the one metric that drives the company in the right direction.

In the early days, the CEO will be working in the company as do employees, but over time you can help them move into a coaching position which better enables them to run the business.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.
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