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FEB 02, 2022

Caribou adds financial services leaders to Board of Directors



5 min read

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Valerie Mosley, long-time investment manager and ESG advocate, and Miles Reidy, 4x CFO and fintech investor, join Board of Directors

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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