Stone-Goff Partners Introduces New Board Members to Enhance FS Vector's Leadership
Gracie Gottlieb | 16 August, 2023
Stone-Goff Partners ("SGP"), a growth-oriented private equity firm focused on tech-driven B2B service companies, is pleased to announce the addition of Sarah Dekin and Dan Allred as the newest board members of FS Vector ("FSV"). FSV, a portfolio company of SGP, is a leading provider of strategic advisory and advocacy solutions to innovative financial services companies.
Ms. Dekin, currently serving as President & COO at Hometap, a Boston-based fintech company, has extensive experience in the financial industry. Prior to her current role, she held the position of Chief Marketing Officer at Virgin Money. Mr. Allred, on the other hand, brings with him a wealth of knowledge as a senior leader of Silicon Valley Bank's fintech team, where he led cross-functional teams and spearheaded strategic initiatives across various domains.
The addition of Dekin and Allred to FSV's Board of Directors is expected to bring significant value to the company. Hannah Stone Craven, Co-Founder & Managing Partner of SGP, expressed her excitement about tapping into their expertise and leveraging their vision to support CEO John Beccia and his founding team at FSV. The collaborative efforts of these accomplished board members will help steer FSV towards achieving its strategic vision and cementing its position as an industry leader.
SGP initially invested in FS Vector in April 2023, focusing on enhancing service offerings, expanding the team, and pursuing complementary mergers and acquisitions. The financial services industry is constantly evolving, and FS Vector has proven to be a valuable partner and trusted advisor for fintechs and other companies navigating the complex and ever-changing regulatory landscape. Mr. Allred emphasized the critical role played by FS Vector in ensuring the success of new products in the market. With the combined expertise of FS Vector's management team and SGP's experience, FS Vector is well-positioned to become a dominant player in advisory and advocacy within the fintech space.
FSV, headquartered in Washington, D.C., was founded by industry and regulatory experts John Beccia and Raj Date. The company leverages their deep domain expertise, operational specialization, and extensive relationships with policymakers to offer clients a comprehensive set of advisory and advocacy solutions in the face of a complex regulatory and compliance environment.
Ms. Dekin expressed her privilege in joining the FSV Board, highlighting the deep understanding of the regulatory and compliance landscape provided by FS Vector. By removing one of the largest obstacles to building and scaling innovative and compliant fintech businesses, FS Vector plays a crucial role in fostering growth and success. Ms. Dekin also commended SGP for their collaborative approach with portfolio companies, exhibiting respect for their domain expertise.
Stone-Goff Partners is a lower middle-market private equity firm that invests in technology-driven B2B service companies. Their portfolio companies combine service offerings with technology and focus on clearly-defined end markets. Stone-Goff Partners partners with company founders and executive leadership teams to provide capital, M&A origination and execution, and value-creation expertise. Their sector knowledge and deal experience have consistently driven successful outcomes for stakeholders.
FS Vector, a Washington, D.C.-based strategic consulting firm, delivers a range of advisory and advocacy solutions to fintech clients. Their services include business strategy, regulatory compliance, licensing, training, technology, government relations, and public policy matters. FS Vector is committed to helping fintechs navigate the regulatory landscape and achieve their business objectives.
In conclusion, Stone-Goff Partners' appointment of Sarah Dekin and Dan Allred to the FS Vector Board of Directors signifies a significant step towards strengthening FS Vector's leadership. With their extensive industry experience and expertise, they will undoubtedly contribute to FS Vector's strategic vision and further solidify its position as a leading provider of advisory and advocacy solutions in the fintech space.
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