Nexxo customers have given up the cumbersome, expensive
and time-consuming outdated way of sending money. They are
taking advantage of 21st century technology and send money
that is fast, confidential, convenient, easy and economical!
Nexxo has gained the trust and loyalty from its customers and
each month we help thousands of our customers send millions of
dollars to friends and family back home. Whether our customers
send money using their debit card over the phone or go to a
conveniently located Cajero Nexxo, we provide a superior
experience and value proposition for our customers. The
Nexxo team’s solid Silicon Valley roots and financial services
experience makes it the emerging leader in providing new, state of the art, money transfer services. Our world class management
team, focused solely on remittances, is multilingual and
multicultural and has over 100 years combined management
experience.
Management Team
David Alvarez
Chief Executive Officer & Co-Founder
David Alvarez brings a wealth of financial experience to the
company he co-founded. As the former President and Vice-Chairman of Providian Financial, one of the largest credit card
issuers worldwide, he was instrumental in its rapid growth
between 1990 and 2001. Providian Financial was recently sold to
Washington Mutual for $6.45 billion. Mr. Alvarez has over eight
years with profit and loss responsibility, and has delivered
greater than 25% compound annual growth rate in profits,
culminating in more than $2 billion pre-tax profits in 2000. He
has successfully brought hundreds of new products to market
through new distribution channels. Mr. Alvarez holds both BA
and MA degrees from Stanford University.
Mitchell A. Shapiro
Chief Operating Officer & Co-Founder
Mitchell A. Shapiro has more than 20 years in the financial
services and technology industries, and was founder and CEO of
two prior companies, StreetScience, Inc., an international
technology and management consultancy to premier financial
services organizations, and MetaExchange, a web-based
consumer marketplace. Mr. Shapiro was previously one of the
early employees of what is now known as Tibco Software,
delivering market-changing technology to trading floors around
the world. Previous experience includes work in Artificial
Intelligence for Texas Instruments, Teknowledge, and IBM. Mr.
Shapiro received his BS degree from the California Polytechnic
State University in San Luis Obispo.
Chris Zaino
Vice President, Operations & Chief Compliance Officer
Chris Zaino is a former Vice President at Providian Financial and
has over a decade of experience in consumer financial services.
At Providian, Mr. Zaino led the company’s Product Development
Test Center which launched numerous products, as well as
Providian’s e-commerce business in 2000. Mr. Zaino also led,
grew, and restructured various operational, project management,
and business relationship departments, supporting and enabling
the company’s expansive growth. Mr. Zaino brings expertise in
building products, processes, capabilities, and organizations. Mr.
Zaino holds both BS and MA degrees from Stanford University.
Adriana Eiriz
Chief Marketing Officer (CMO)
Adriana Eiriz is an 18 year veteran of the US Hispanic market, and was the first Latin American female to be elected to the Board of Directors of the Electronic Retailing Association (ERA). Her leadership at Lexicon Marketing, was instrumental in the launch of several new products leading to the rapid growth of the company. Ms. Eiriz' expertise lead her to successfully spearhead other key Hispanic DR and retail initiatives at Latin Links, Inc. positioning at retail the first US Hispanic initiative for Buena Vista Games (BVG), part of The Walt Disney Company, launching Spanish children’s software titles for USA, Mexico and Puerto Rico. At Vivar Advertising, as Managing Director she was responsible for all of the agency's strategic initiatives and US Hispanic-specific communication strategies with best-practice direct response principles. Former Chair of ERAs U.S.Hispanic Council and Education Committee.
Jamie Buckley
Vice President, Sales & Service
Jamie Buckley has more than 20 years experience in the financial services and technology sectors, and was most recently a Senior Director at Apple Inc. where he led the Telesales division for Online Store in North America. Mr. Buckley was previously the Senior Vice President of Sales & Service at Providian and helped fuel the aggressive portfolio growth between 1989 and 2002. Previous experience includes customer-facing management roles at both Bank of America, and Citibank, where he led Customer Service for the credit card division. Buckley has written two books on customer service and sales, “Customer Magic,” and “Customer Magic Two”.
Freddie Seba
Vice President, Business Development
Freddie Seba has held a variety of corporate and entrepreneurial positions utilizing his multilingual and multicultural background. Mr. Seba has over 20 years business experience working with Latin American and Mexican nationals in the U.S. and abroad. Mr. Seba directed a $400 million US-based operation focused in Latin America and Mexico. Mr. Seba's work at large multinationals includes Ingram Micro Inc. and Epson America Inc.; his startup experience includes Print-Nation and Pontiva. He has also lectured at Stanford University's Continuing Studies, worked as business plan judge at the Yale School of Management-National Business Plan Competition and mentored at the Yale Entrepreneurial Society. He has been a guest speaker at the University of San Francisco and Stanford's Latin American Entrepreneurship Society. Mr. Seba is currently Board of Director of HispanicNet, a Silicon Valley based organization created and chartered by Hispanic entrepreneurs, business executives and senior professionals in High-Tech/Software/Internet related companies which main objectives are to encourage and support Hispanic entrepreneurship. Mr. Seba holds a BA degree from the Universidad Santa Maria, a Masters in Business Administration from Yale University, and an MA degree from Stanford University.
Mitch DeShields
Chief Technology Officer
Mitch DeShields has over 20 years of technical development
experience. As an independent consultant, his client list includes
IBM, Netscape, Autodesk, Ask Jeeves, Go/Eo, Network
Appliance, and Compaq. Mr. DeShields holds a BS degree from
the California Polytechnic State University in San Luis Obispo.
Nexxo Financial Board of Directors
David Alvarez
Chief Executive Officer & Co-Founder
Mitchell A. Shapiro
Chief Operating Officer & Co-Founder
Doug Carlisle
Menlo Ventures
Doug joined Menlo Ventures in 1982. Prior to Menlo Ventures,
he worked as a design engineer at ROLM Corporation. At Menlo,
Mr. Carlisle focuses primarily on information technology
companies. His recent investments and board seats include:
A4Vision, Adomo, DriveCam, ePAC, FutureTrade Technologies,
IntelliDOT Corporation, IronPort Systems, LiveOps, Nexxo,
nLight Photonics, Open Solutions (OPEN) and ProfitLine. His
prior investments and board seats include: Carrier Access
Corporation (CACS); Cyras Systems, acquired by CIENA Corp.
(CIEN); Efficient Networks (EFNT); Hotmail, acquired by
Microsoft (MSFT); Kalpana, acquired by Cisco (CSCO); and
Pyxis, acquired by Cardinal Health (CAH). Mr. Carlisle is a
graduate of the University of California, Berkeley (B.S. in
Electrical Engineering), Stanford University Graduate School of
Business (M.B.A.) and Stanford University Law School (J.D.).
Greg Sands
Sutter Hill Ventures
Greg Sands joined Sutter Hill Ventures in 1998 from Netscape
Communications. As the company's original product manager,
he co-authored the company's original business plan and
launched and shipped its initial products, working closely with
both engineering and sales. Mr. Sands then created and led the
SuiteSpot business unit, growing it from $0 to $150M. He also
worked previously at Cisco Systems, where he was the architect
of a global channel management plan, and at Corporate
Decisions (now Mercer Management Consulting), where he
consulted to start-ups and Fortune 500 companies on product
development and marketing strategies.
Mr. Sands serves as a director for Merced Systems, QuinStreet,
Return Path and Valista. Mr. Sands is also responsible for Sutter
Hill's investment in Feedburner. Prior investments include
Closed Loop (subsequently sold to Lawson Software).
Mr. Sands is a trustee of the Stanford University DAPER Fund.
He also co-founded, and is a director of the non-profit Start Up, a
microenterprise program for entrepreneurs and small business
owners in underprivileged communities. He is also a member of
the Board of Trustees for the Stanford Business School Trust. He earned an AB in government from Harvard College in 1989
and received an MBA at Stanford in 1994.
Tench Coxe
Sutter Hill Ventures
Tench Coxe joined the Sutter Hill Ventures in 1987 following his
tenure with Digital Communications Associates in Atlanta, where
he managed T-1 products and directed internal MIS and
marketing. Previously, Mr. Coxe worked with Lehman Brothers in
New York City, where he was a corporate financial analyst
specializing in mergers and acquisitions as well as debt and
equity financing.
His current directorships include Artisan Partners, Ceon,
eLoyalty, FaceTime Communications, NVidia and Ruckus
Wireless. He was also responsible for the firm's investment in
Alteon Networks, @mobile, Avant!, Edify, Legato, Lynk Systems,
Network Appliance, Grand Junction, NCD, OnStream Networks,
Synernetics, Primary Access, and XcelleNet.
Mr. Coxe graduated from Dartmouth College with a degree in
economics. He earned his MBA in 1984 from Harvard
University's Graduate School of Business. Mr. Coxe holds a Board Observer seat on the Nexxo Board.
Jim Elliott
WBC Financial Group
Jim Elliott has 30 years of experience in the financial institutions
sector and is a principal of WBC Financial Group, which provides
consulting services to banks, thrifts, other financial services
companies and companies entering a financial services line of
business. Before joining WBC, he was successively General
Counsel, Executive Vice President for European operations, and
member of the Board of Directors of Providian Corporation. As a
member of the Board he chaired the Marketing Committee and
served as a member of the Audit Committee.
As Executive Vice President, he launched Providian’s U.K. credit
card business and built it to over $500 million in assets. In the
U.S. with Providian and its predecessor, First Deposit, he served
as General Counsel, first of the Bank and then of the combined
holding company.
Prior to joining Providian, Mr. Elliott was in private practice of law
in Washington, D.C. for eight years. In his legal practice, Mr.
Elliott represented financial institutions of all sizes before the
regulatory agencies and in Federal Court.
From 1974 to 1981 Mr. Elliott served with the Comptroller of the
Currency first as Senior Trial Attorney and then as Director of the
agency's Bank Organization and Structure Division.
Mr. Elliott is a graduate of Duke University (BA) and the
University of California, Berkeley (JD).
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