Former Funding Circle U.S. Head of Capital Markets joins BFS to lead finance team and funding strategies for company’s next generation of small business financial solutions.
CORAL SPRINGS, FL. (May 4, 2020)—BFS Capital, the small business financing platform, today announced the appointment of Joanna Karger as Chief Financial Officer.
Reporting to CEO Mark Ruddock, Karger will be part of the senior leadership team and responsible for developing and executing the capital strategy for funding BFS Capital’s small business financing solutions.
“Joanna has an exceptional background building dynamic financial services businesses, as well as leading investment strategies across different asset classes and through challenging economic environments. Her expertise in small business lending, credit markets and alternative finance will help us deliver on our ambition of reimagining, and laying the foundation for the future of small business financial services,” said Mark Ruddock, CEO, BFS Capital.
Karger brings more than two decades of experience leading rapid growth organizations, developing asset funding strategies and raising mission-critical capital. Prior to BFS Capital she was the Head of U.S. Capital Markets at Funding Circle, where she led a five-year funding strategy to enable $100 billion in loan originations across the US, UK, and Europe.
She also served as Chief Financial Officer and Executive Vice President of Capital Markets at Renew Financial, a clean energy finance startup. She led the company through five successful equity rounds and issued the first-ever securitization of an unsecured home energy loan. She helped launch and lead the financing for the popular Property Addressed Clean Energy (PACE) program.
“I’m really impressed with Mark’s leadership and vision and what he and team have accomplished throughout the last year, including during the COVID-19 pandemic, to sustain and best position BFS Capital for success. I look forward to helping the team create an exciting new portfolio of financial services for small businesses, powered by innovative investment opportunities” said Joanna Karger, CFO, BFS Capital.
Karger started her career at the US Treasury where she was an examiner during the Savings and Loan Crisis and went on to hold roles at Allianz and McMorgan & Company, where she managed billions in institutional investment portfolios and made fixed income investments up until the financial crisis of 2008-09. She received her BA in Economics from U.C. Berkeley and her MBA from The Wharton School at the University of Pennsylvania.
About BFS Capital
BFS Capital champions the long-term growth and prosperity of small businesses by providing timely, flexible financing solutions. BFS Capital’s leading small business financing platform leverages customized underwriting and proprietary algorithms to fund businesses in the United States, Canada, and through its United Kingdom subsidiary, Boost Capital. Since 2002, BFS Capital has provided over $2.3 billion in total financing to over 24,000 small businesses across more than 400 industries. Headquartered in South Florida with offices in New York, California, the United Kingdom and Canada, BFS Capital is an accredited BBB company with an A+ rating.