Facteus, the leading provider of actionable insights from financial data, today announced the appointment of Chris L. Marsh as its new chief executive officer. Marsh replaces Randy Koch, who is leaving the company to pursue other interests, after leading it since 2013.
Marsh, who co-founded Facteus and has served as its executive chairman since 2009, brings over 30 years of management experience in high-growth companies. During that time, he has invested in and led several companies across the software-as-a-service, fintech, life sciences and medical technology industries. In addition, he has been active in the transportation, cold storage, real estate and telecommunications industries.
“We are extremely grateful for the time and effort Randy has put into making Facteus what it has become today, a true leader in actionable financial data,” said Marsh. “I look forward to working with the stellar team here at Facteus to keep our foot on the gas pedal as we pursue new growth opportunities, and continue to further our mission to bring the value of synthetic data into the mainstream.”
Dan Afrasiabi, Facteus’ co-founder and board member, will be named as the company’s non-executive chairman concurrent with this transition.
“We are thrilled for the opportunity to have Chris lead Facteus in its next phase of growth,” said Afrasiabi. “Chris’ track record speaks for itself, especially when it comes to guiding companies during their mid-stage growth phase. His domain knowledge and leadership skills will deliver clear value to our clients and data partners alike.”
Facteus is a leading provider of actionable insights from financial data. Through its innovative, patent-pending synthetic data process, Facteus safely transforms raw financial transaction data from legacy technologies into actionable information, which can be used for machine learning, artificial intelligence, data monetization, and other strategic use cases, without compromising data privacy. The company’s data products have been gathered directly from over 1,000 financial institutions, payment companies, fintechs, and payment card programs, giving business and investment executives access to the “truth” of actual consumer financial transactions, not just general trends. To learn more, visit www.facteus.com.