Remitter USA welcomes Larry Chiavaro as new Chief Executive Officer

By Pavithra R

Remitter USA, an AI-powered digital communications platform used to improve payment recovery, has announced the appointment of Larry Chiavaro to head up its executive leadership team as Chief Executive Officer (CEO).

Mr Chiavaro is a dynamic sales and business development executive with over three decades of experience in identifying and developing growth in financial services markets. Most recently, Larry was the Co-Founder /Executive VP of First Associates Loan Servicing (re-branded as Vervent), building the company into the largest 3rd party consumer loan servicer in the U.S., and successfully sold the majority of the company to a major P/E firm in July 2019. Larry retired from First Associates/ Vervent in 2020 September.

“We are looking forward to welcoming Larry to Remitter, especially with his experience in leading a results-driven team and business. Larry is well versed in what our clients want and need, which will be critical knowledge in the coming quarters as lenders work through the impact of the pandemic and prepare for increased delinquencies”, he explains. “Our clients are seeking scalable and flexible consumer-centric digital self-service solutions, and Remitter is dedicated to meeting these challenges by delivering a proven platform, technical expertise and client support to fuel increased digital collections,” said Founder, Simon Scalzo.

Previously, Larry has also held various leadership positions for Household/HSBC Auto Finance, NovaStar Mortgage and G.E. Capital, where Jack Welch, the CEO of General Electric, recognized him for his record setting production. In addition, Larry regularly advises FinTech firms and makes strategic investments globally through his Advisory Company, LPC Associates LLC, and moderates over a dozen conference industry panels each year.

“I am honored to have been selected to lead this truly unique and innovative company and share the Remitter solution to my friends and their organizations in the consumer lending space. We have a great team, strong capability in the market and clear strategy that I’m confident will enable us to continue our rapid growth,” said Larry, reflecting on his appointment.

Founded in 2019, Remitter USA is a digital accounts receivable and collections platform for lenders and agencies powered by Artificial Intelligence, allowing consumers to pay their current and delinquent balances via phone and email. The company recently completed a proof of concept in the U.S. and is now rolling out the solution to the North American market.