Welcome!

News Feed Item

East Atlantic Investment Corporation Backs New Startup, Pango Financial LLC, to Support Small Business

Just launched with funding from the private equity firm, Pango Financial aims to provide entrepreneurs and small to medium-sized businesses with viable funding alternatives.

WILMINGTON, Del., April 16, 2014 /PRNewswire/ -- East Atlantic Investment Corporation (EAIC) today announced the launch of a new startup it has helped to fund. Named Pango Financial LLC (Pango), the company will focus on enabling clients to fund the acquisition or recapitalization of new or existing businesses. East Atlantic Investment Corporation's investment portfolio has included student lending, financial services, and the life sciences industries.

Former bank executives William Keenan, Kevin Foley, and Kim Paternoster have joined forces in to orchestrate a successful launch for Pango. Foley and Paternoster serve as Directors of EAIC, each coming from careers with financial institutions including JP Morgan, NatWest, Mellon Bank and First USA. Keenan is the newly appointed Chairman and CEO of Pango, and was previously Chairman and CEO of Ceigis LLC – a student loan consolidation company. In addition, he formerly held executive leadership positions at NatWest Bank, Allied Irish Bank, Mellon Bank, and Beneficial Finance.

Through its core product, the DreamSpark plan, Pango provides an alternative funding solution to the small and medium size enterprise (SME) market. The plan allows people to utilize retirement funds to invest in the acquisition of a new business or fund an existing business. The product permits qualified investments, which are not subject to penalties or taxes, for early withdrawal. Within its industry, Pango Financial is the only provider with an end-to-end online solution that includes free incorporation, free first year registered agent, and free business valuation.

"Pango provides options for those that need capital infusion for acquisitions or recapitalizations," said Paternoster, who oversees the financial services category for the firm.

"We believe Pango Financial complements bank services and opens up options for individuals to put more equity into transactions and thus enables lenders to lend more," added Foley.

Pango Financial will originate new customers through direct marketing, social media, and partnership referral programs. The partnership referral program includes white labeling the website for select partners. The company is currently also looking for lending partners to complement its service to the SME market.

"We look forward to working with banks to market our product, enabling their clients to put more equity into transactions and reduce underwriting risk," said Keenan.

About Pango Financial LLC

Pango FinancialTM is the leader in providing online and on-the-go launch and growth solutions to entrepreneurs and small businesses at the lowest cost without compromising value. The company's mission is to make its clients business dreams a reality – for less. Its team of experts boasts over 75 years of combined experience in the financial, banking, and marketing industries.

Pango's signature DreamSparkTM plan unlocks retirement savings to drive investment for the future, completely tax deferred and penalty-free. As the price leader, Pango invites prospective clients to comparison shop to confirm that Pango Financial provides the highest value at the lowest cost.

www.pangofinancial.com

SOURCE Pango Financial LLC

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"I focus on what we are calling CAST Highlight, which is our SaaS application portfolio analysis tool. It is an extremely lightweight tool that can integrate with pretty much any build process right now," explained Andrew Siegmund, Application Migration Specialist for CAST, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Synametrics Technologies will exhibit at SYS-CON's 22nd International Cloud Expo®, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Synametrics Technologies is a privately held company based in Plainsboro, New Jersey that has been providing solutions for the developer community since 1997. Based on the success of its initial product offerings such as WinSQL, Xeams, SynaMan and Syncrify, Synametrics continues to create and hone inn...
"We started a Master of Science in business analytics - that's the hot topic. We serve the business community around San Francisco so we educate the working professionals and this is where they all want to be," explained Judy Lee, Associate Professor and Department Chair at Golden Gate University, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
DevOps promotes continuous improvement through a culture of collaboration. But in real terms, how do you: Integrate activities across diverse teams and services? Make objective decisions with system-wide visibility? Use feedback loops to enable learning and improvement? With technology insights and real-world examples, in his general session at @DevOpsSummit, at 21st Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, explored how leading organizations use data-driven DevOps to close th...
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
The 22nd International Cloud Expo | 1st DXWorld Expo has announced that its Call for Papers is open. Cloud Expo | DXWorld Expo, to be held June 5-7, 2018, at the Javits Center in New York, NY, brings together Cloud Computing, Digital Transformation, Big Data, Internet of Things, DevOps, Machine Learning and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding busin...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
There is a huge demand for responsive, real-time mobile and web experiences, but current architectural patterns do not easily accommodate applications that respond to events in real time. Common solutions using message queues or HTTP long-polling quickly lead to resiliency, scalability and development velocity challenges. In his session at 21st Cloud Expo, Ryland Degnan, a Senior Software Engineer on the Netflix Edge Platform team, will discuss how by leveraging a reactive stream-based protocol,...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
"Digital transformation - what we knew about it in the past has been redefined. Automation is going to play such a huge role in that because the culture, the technology, and the business operations are being shifted now," stated Brian Boeggeman, VP of Alliances & Partnerships at Ayehu, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, discussed some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he covered some of the best practices for structured team migration an...
The dynamic nature of the cloud means that change is a constant when it comes to modern cloud-based infrastructure. Delivering modern applications to end users, therefore, is a constantly shifting challenge. Delivery automation helps IT Ops teams ensure that apps are providing an optimal end user experience over hybrid-cloud and multi-cloud environments, no matter what the current state of the infrastructure is. To employ a delivery automation strategy that reflects your business rules, making r...
You know you need the cloud, but you're hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You're looking at private cloud solutions based on hyperconverged infrastructure, but you're concerned with the limits inherent in those technologies. What do you do?
As many know, the first generation of Cloud Management Platform (CMP) solutions were designed for managing virtual infrastructure (IaaS) and traditional applications. But that's no longer enough to satisfy evolving and complex business requirements. In his session at 21st Cloud Expo, Scott Davis, Embotics CTO, explored how next-generation CMPs ensure organizations can manage cloud-native and microservice-based application architectures, while also facilitating agile DevOps methodology. He expla...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It’s clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Tha...