Miami, Florida — July 11, 2024 — Loquat Inc., an innovative financial technology company, today announced that David Cramer has joined its Leadership Team as an Advisor.

With a distinguished career spanning over 30 years in the payments industry, David has held various leadership positions at Citicorp, GE Capital, JPMorgan Chase, and spent over 18 years at Visa, Inc. His deep expertise in commercial product development and financial institution sales across North America has made him a prominent figure in the field, especially in facilitating growth for SMBs and strengthening banking solutions for Credit Unions and Community Banks.

“We are delighted to welcome David Cramer to our team. His extensive experience and track record of success in the financial sector are exactly what Loquat needs as we continue to grow and innovate. David’s unique perspective and commitment to building strategic partnerships and improving small business and banking solutions align perfectly with our goals,”

said Zarina Tsomaeva, Chief Executive Officer & Founder of Loquat.

In his role as Advisor, David Cramer will focus on growth and building strategic partnerships with financial institutions. He brings a wealth of knowledge particularly in developing payment products and driving sales strategies that have bolstered financial institutions.

“I am elated to join the talented team at Loquat Inc. It’s exciting to contribute to a company that not only values innovation and customer satisfaction but also actively supports the vital role of small businesses and financial institutions in our economy. I look forward to helping Loquat continue its path of innovation and excellence,”

said David Cramer, Advisor at Loquat.

David’s former roles include leading Visa’s Commercial Product Development organization, where he was instrumental in delivering cutting-edge payment solutions aimed at aiding SMBs. Additionally, as the head of Visa’s Financial Institution sales team in North America, he worked closely with Credit Unions and Community Banks to enhance their services to members and customers, a legacy he plans to continue at Loquat Inc.

About Loquat Inc.

Loquat is a pioneering financial technology company with a proprietary small business banking cloud platform. Founded by a world-class team of former banking executives, fraud specialists, and technology innovators, Loquat’s comprehensive platform supports credit unions and community banks in launching and enhancing digital banking services for SMBs, facilitating everything from new account onboarding to providing lending solutions, all while maintaining a superior user experience.

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