Mission Lane Welcomes Brandon Black as CEO Amidst Funding Boost

Credit finance technology provider Mission Lane has named Brandon Black as its new CEO, succeeding former leader Shane Holdaway. Holdaway will facilitate the leadership transition as a special advisor to Black while retaining a stake in the company. Furthermore, in his new role as operating partner at Mission Lane’s principal shareholder, Invus Opportunities, he will explore investment opportunities.

In conjunction with the CEO announcement, the fintech disclosed securing additional funding from Invus Opportunities and QED Investors, though the exact amount remains undisclosed.

Black, a member of the fintech’s board since 2019, brings extensive industry experience, having begun his career at Capital One, where he oversaw various critical divisions, including customer service, collections, credit, and fraud. Additionally, he held key positions, such as COO and CEO at Encore Capital Group.

Headquartered in Atlanta, USA, Mission Lane boasts of serving over three million customers and managing a portfolio exceeding $2 billion over the past half-decade.

Reflecting on the company’s mission, Black emphasized their commitment to leveraging top-tier talent and innovative technology to offer financial solutions to segments often overlooked by traditional institutions.

Outgoing CEO Holdaway, reflecting on his five-year tenure, highlighted Mission Lane’s achievement in establishing a profitable platform renowned for exceptional customer service and poised for substantial growth—a rarity in the fintech landscape.

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