Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:What Do El-Erian, an eHarmony Scientist, and an Ex-Visa CEO Have In Common? Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, October 22, 2014

What Do El-Erian, an eHarmony Scientist, and an Ex-Visa CEO Have In Common?

News summary by MFWire's editors

Mohamed El-Erian is backing a startup powered by a former dating website scientist and chaired by an ex-CEO of a credit card giant.

Tracy Alloway of the Financial Times reports that the ex-CEO of Newport Beach, California-based bond fund giant Pimco is investing in a company on the other side of fixed income investing. The pub reports that El-Erian is the lead investor in a $12-million equity round for Costa Mesa-based Payoff. Payoff is a peer-to-peer (P2P) lender, with a behavioral finance twist.

Behavioral finance is a familiar subject at Pimco sibling Allianz Global Investors, which launched its own behavioral finance center several years ago. El-Erian left Pimco in March, after which he has been advising the board of Pimco parent Allianz on global economic matters and working on a book.

The FT reports that Payoff founder and CEO Scott Saunders met El-Erian two years ago through El-Erian's now-famous daughter's drama class. Joe Saunders, former CEO of Visa, is Payoff's chairman, and Galen Buckwalter, a scientist who helped develop eHarmony's engine, is also on board at payoff. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use