On the Heels of a $70 Million Funding, Alviere Promotes Current Chief of Staff to Key Leadership Position

Alviere, the leading global embedded finance company that enables any brand to deliver a full suite of financial products and services to its customers, fans and employees, today announced that it promoted its Chief of Staff, Steven Scofelia, to be the company’s first Chief Financial Officer.

Mr. Scofelia assumes the CFO position on the heels of Alviere’s recent announcement of $70 million in funding, and at a time of rapid expansion in Alviere’s business. Mr. Scofelia has worked closely with Alviere’s co-founder and CEO, Yuval Brisker, filling a number of strategic roles since Alviere’s founding, the last being the company’s Chief of Staff. Over the past 15 years, he has held a range of senior roles in operations, finance, and analytics at both startups and Fortune 200 companies.

“Alviere’s unique offering and bundled financial services products are reinventing the way brands engage with their customers,” said Mr. Scofelia. “I am excited to take on the role of the company’s first CFO to continue to focus on driving exponential growth by delivering our great products to new partner clients around the world.”

In his new role at Alviere, Mr. Scofelia will continue to build the reliability and trust that customers have come to expect from Alviere. Overseeing finance, corporate development, investor relations, human resources, and culture, Mr. Scofelia is mandated with building the foundations for taking the company into the next significant phase of growth as it launches into more geographies with a range of innovative new products.

Partnering with Alviere to deploy embedded financial products and services is a fast, low risk, low friction way for established brands to realize entirely new revenue streams, offering their customers the full range of financial services available in Alviere’s HIVE with one simple API.

“Alviere goes beyond technology to align with our clients’ business goals, helping them build profitable new lines of business via our deep partnering approach and our commitment to ensuring our clients’ success. Offering financial products to our clients’ customers is a promising path to achieve those goals,” said Yuval Brisker, CEO and co-founder of Alviere. “Steven has been vital to building and executing our strategy, advancing Alviere’s aim of bringing our embedded finance product to brands in a broad range of industries everywhere, from telecommunications to retail, from online marketplaces to SaaS providers to the automotive industry and beyond.”

About Alviere

Alviere provides the most complete embedded finance platform available today, empowering the world’s most visible, trusted and beloved brands to offer financial services to their customers for the first time. Alviere’s easy, powerful and future-proof platform and associated services allows any business to launch a new financial services line of business to dramatically increase profits, deepen customer relationships and insights, and increase satisfaction and retention. To find out how embedded financial products can take you into the next generation of profitable business visit us at www.alviere.com.

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