LAKE SUCCESS, N.Y., April 26, 2017—Advantage Funding, a leading provider of finance to small and mid-size businesses in the U.S., has named Joseph Deriu as the company’s new chief operating officer.

Deriu’s background is in high-production, technology-enabled environments. At First Data Corporation, he was the vice president leading technology-strategy and application-development programs and processes in support of the company’s global credit-risk organization. Throughout his career, Joe has specialized in operations and technology working in a variety of industries including leasing, payments, direct marketing, travel services, real-estate operations and insurance.

“Joe will focus on streamlining our operations and increasing the efficiency of our systems,” said Chief Executive Officer Lisa Lersner. “Advantage Funding and its customers will benefit as Joe applies his extensive background in technology and operations to broadening the innovation in our organization.”

“I’m excited to be part of the growth of this industry-leading company,” said Deriu. “I look forward to developing relationships and working to continue to enhance the excellent operational structure that supports our clients.”

Deriu has a Bachelor of Science degree in finance and management information systems from the University of Buffalo.

About Advantage Funding

Advantage Funding is a direct lender dedicated to providing financing to small and medium businesses nationwide. Founded in 1997, Advantage provides an array of loan and lease products for new and used vehicles and equipment to companies in the commercial, vocational and dealership spaces. It serves its customers directly and through third party programs including dealers, manufacturers, distributors and brokers. Advantage is a wholly owned subsidiary of Macquarie Group’s Corporate and Asset Finance division.

For more information please call 888.246.4091.

 

MEDIA CONTACT:
Susan Carol, APR
Susan Carol Creative
(540) 847-1804
sca@scapr.com