FEB 02, 2022
We’re thrilled to announce that Caribou has appointed Valerie Mosley, Chairwoman of Valmo Ventures, and Miles Reidy, Partner Emeritus at QED Investors, to our Board of Directors. Valerie and Miles join Caribou after a hugely successful 2021 for the company, a year in which we helped consumers save more than $65 million in interest and experienced 300 percent revenue growth year-over-year.
Founded in 2016, Caribou is on a mission to transform consumers’ financial relationships with their cars, helping them to save more than $100 a month, on average.
“Valerie and Miles each bring highly valuable experience and perspective that will help us accelerate our mission,” said Caribou CEO Kevin Bennett. “Their unique expertise in growing both private and public companies, along with their deep knowledge of the financial challenges facing consumers, will be instrumental in shaping Caribou’s future.”
Valerie is a long-time successful investment manager, having served as the first African American partner at Wellington Management Company. She is a passionate advocate for financial wellness and ESG. Valerie is also the founder of Upward Wealth, a fintech platform that democratizes the creation of personal and financial wealth, and serves on several public company boards, including Envestnet, DraftKings and Groupon, as well as New Profit and Eaton Vance’s family of mutual funds.
Valerie has been recognized as The International Person of the Year by The UK’s Power List, One of the 50 Most Powerful Women in Business and one of the Top 75 African Americans on Wall Street by Black Enterprise Magazines.
“As someone deeply passionate about financial wellness and helping traditionally underrepresented groups achieve financial freedom, I could not be more thrilled to join this incredibly talented, diverse team that is helping to level the playing field and empower consumers," said Valerie.
Miles is an experienced four-time CFO and venture capital investor, and currently serves as a Partner Emeritus at QED Ventures. He has deep expertise in finance and corporate strategy at some of the world’s leading companies, having served as the Chief Financial Officer for Audax Health, Chief Operating Officer and Chief Financial Officer for Network Solutions, and Executive Vice President and Chief Financial Officer for Sears Holdings Corporation. Miles also spent almost a decade in several executive roles at Capital One Financial Corporation, including Chief of Corporate Planning and Financial Strategy and Chief Financial Officer of Capital One Bank and Credit Card.
Today, Miles serves on the Boards of RBC-US, Heinz School of Public Policy at Carnegie Mellon University, and the Easter Seals of Baltimore/Washington.
“Caribou is helping to solve a financial pain point that affects over 100 million Americans with an auto loan,” Miles said. “The company’s impressive momentum over the past few years and strong long-term market opportunity and team made it an easy decision to join the Board and I look forward to supporting their continued growth and success.”
The additions bring Caribou’s Board to nine members, including Liza Benson, Partner at Moderne Ventures; Rob Chaplinsky, Managing Director at Link Ventures; Rachel Holt, Co-founder and General Partner at Construct Capital (former Uber senior executive)*; Jade Mandel, Vice President, Venture Capital and Growth Equity at Goldman Sachs; Ryan Moore, Founding Partner at Accomplice; Matt Risley, Partner at QED Investors and Kevin Bennett, CEO of Caribou Financial. The group is joined by Ben Fife, Investor GS Growth at Goldman Sachs as a Board observer.
*Rachel Holt is an early angel investor in Caribou and invested when she was an executive at Uber. She subsequently co-founded Construct Capital, an early stage venture capital firm.
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* Refinance savings may result from a lower interest rate, longer term, or both. There is no guarantee of savings. Your actual savings, if any, may vary based on interest rates, the repayment term, the amount financed, and other factors.
+ To check the refinance rates and terms you qualify for, we conduct a soft credit pull that will not affect your credit score. However, if you choose a loan product and continue your application, we or one of our lending partners will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.
++ Social security number is required should you choose to move forward in the loan application process.
** APR is the Annual Percentage Rate. Your actual APR may be different. Your APR is based on multiple factors including your credit profile and the loan to value of the vehicle. APR ranges from 2.83% to 36.00% and is determined at the time of application. Lowest APR is based on loan amount of $45,000, 36 month term, and is available to borrowers with excellent credit and only in certain states. Conditions apply. Advertised rates and fees are valid as of 11/1/2022 and are subject to change without notice. Insurance savings will not result from lower APR.
Terms and Conditions apply. Caribou reserves the right to modify or discontinue products and benefits at any time without notice. Participating lenders, rates and terms are also subject to change at any time without notice. The information you provide to us is an inquiry to determine whether our lenders can make you a loan offer. If any of our lending partners has an available loan offer for you, you will be invited to submit a loan application to the lender for its review. Not all borrowers receive the lowest rate. Lowest rates are reserved for the highest qualified borrowers. We do not guarantee that you will receive any loan offers or that your loan application will be approved. If approved, your actual rate will depend on a variety of factors, including term of loan, a responsible financial history, income and other factors.
Insurance products offered through Bindable and Caribou Insurance Services, LLC. Caribou is working with Bindable who owns MyLifeProtected and MassDrive Insurance Group, LLC, the licensed agent for all products.