#United States #New York #Capital Markets #ClarityPay #Peter Ostrem

ClarityPay Appoints Peter Ostrem as Head of Capital Markets

ClarityPay, the innovative provider of customized point-of-sale credit solutions, has made a strategic move with the appointment of Peter Ostrem as its new Head of Capital Markets. This significant addition comes as ClarityPay gears up for the next phase of its growth journey.

Ostrem brings a wealth of experience to ClarityPay, boasting over 25 years in the fintech industry, particularly in capital markets and asset-backed securitization. Notably, during his tenure at Divvy, he orchestrated impressive growth in their capital markets function. In just three years, he propelled Divvy's monthly originations from an initial $10 million to a staggering $1.2 billion, culminating in the company’s successful acquisition by BILL for $2.5 billion.

In his new role, Ostrem will be responsible for establishing and managing ClarityPay's institutional capital functions. His focus will be on securing relationships with asset buyers, warehouse lenders, and structured capital providers essential for the company's origination growth. This involves curating a roster of trusted institutional partners while enabling future access to rated debt markets – a critical move that aims to broaden ClarityPay's capital base and reduce funding costs as their origination volumes increase.

Ostrem expressed his enthusiasm by stating, "ClarityPay has a unique merchant-integrated origination model that allows for structurally lower acquisition costs compared to traditional direct-to-borrower lending. My mission is to construct a capital stack that facilitates this business's scaling potential. Our first step is collaborating with the right institutional partners and eventually expanding our access to rated capital markets that will drive further growth. I aim for ClarityPay to grow tenfold in a sustainable way.”

CEO and Founder Houman Motaharian also shared his perspective on Ostrem’s appointment, emphasizing the value of his experience in driving institutional capital functions that support extraordinary origination growth. With Ostrem on board, ClarityPay is poised to construct the robust funding infrastructure necessary for its ambitious future plans.

As Ostrem prepares to embark on this new chapter, his approach directly supports ClarityPay’s strategy to scale its origination volume among a diverse range of merchant categories and consumer credit tiers. Furthermore, his leadership will be vital in developing the balance sheet framework required for institutional-grade growth.

Before his impactful work at Divvy, Ostrem held the position of Head of Capital Markets at Swift Capital, a small business lender that PayPal acquired in 2017. Additionally, his impressive career includes serving as a Managing Director in fixed-income trading at Goldman Sachs from 2000 to 2007.

About ClarityPay

ClarityPay specializes in providing merchants with customized point-of-sale credit solutions that enhance customer acquisition and foster loyalty. Their diverse offerings include flexible pay-over-time options that cater to all customer segments, featuring plans that range from 6 weeks to 84 months for amounts spanning $50 to $50,000. ClarityPay empowers merchants with greater control over customer experiences, program branding, and data management. Additionally, ClarityPay is designed for omnichannel commerce, integrating seamlessly through APIs or major commerce and lending platforms, and serves merchants across sectors including retail, health and wellness, home improvement, auto repair, travel, and diverse services. To explore more, visit ClarityPay's website.