Tavant, a Silicon Valley-based provider of AI-powered digital lending technologies, today announced it has achieved a company milestone reporting record growth of its lending business as momentum grows within the industry for digital technology. Rapidly gaining market share, Tavant’s expanding customer base originate one out of every four loans in the U.S. In response, the company appointed industry veteran, Prashant Kumar, to further drive and expand new business efforts.
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Sarvesh Mahesh, CEO of Tavant, said, “Tavant’s vision from day one has been focused on providing unparalleled solutions to meet the business goals of our customers. We have achieved this through consistently focusing on our people, the passion we bring to the partnerships and all-round excellence in everything we undertake. Our team’s in-depth knowledge, coupled with our suite of digital lending tools enables us to solve the day-to-day operational issues, as well as the more complex challenges facing today’s lender.”
Building on the continued growth and momentum in the lending industry, Tavant is investing in continued innovation of Tavant VΞLOX, the company’s digital lending suite of products. This will ensure the products will continue to provide leading lenders with a solution that is flexible, able to scale and most importantly, provides a superior customer experience in a modern, digital environment.
Mahesh, continued, “This further demonstrates our commitment to innovation and to providing our customers a competitive edge in an increasingly demanding market. While the term business partner is often overused, it remains an important guiding principle for our organization. We value collaboration and building long-term partnerships and as such, our customers view us as much more than technology providers, but rather an extension of their team, a trusted advisor. We’ve assembled a team of the lending industry’s best and brightest individuals and are pleased to welcome Prashant to our team. His unique industry experience will prove invaluable in leading this new endeavor.”
Kumar brings more than 25 years of mortgage, auto lending and personal finance industry expertise to the position and is a proven leader in the financial services arena. In his role, Kumar oversees the management and growth of Tavant’s global consumer lending efforts, including North America, Europe and Asia-Pacific. Throughout his career, Kumar has consistently driven business growth while increasing profit margins, productivity and quality.
Headquartered in Santa Clara, Calif., Tavant is a digital products and platforms company that provides impactful results to its customers across North America, Europe, and Asia-Pacific. Founded in 2000, the company employs more than 2500 people and is a recognized top employer. Tavant is creating an AI-powered intelligent lending enterprise by reimagining customer experiences, driving operational efficiencies and improving collaboration.