TORONTO and VANCOUVER, British Columbia, Aug. 22, 2017 (GLOBE NEWSWIRE) -- Vancouver-based financial technology lender Progressa announced today a series of Vice President appointments. First, the appointment of Glenda Schmidt as its new Vice President of Operations, based in the Toronto - North York office. Glenda brings a wealth of financial services and people leadership experience to Progressa, which she has gained over a 20 year career holding senior positions with notable companies such as PC Financial, GE Capital, Capital One, and Canadian Tire Financial. With Glenda joining the Toronto team, the Company has appointed Jeff Carnochan to a newly created role of Vice President of Strategic Accounts. With 25 years of experience throughout various collection agencies in greater Toronto, Mr. Carnochan is well positioned to oversee the Company’s enterprise collections partners as it rolls out major new origination initiatives throughout the remainder of 2017.

The Company is also pleased to announce the addition of Jim Chan, P. Eng., Vice President of Engineering, to its Vancouver technology team. Mr. Chan is a professional engineer in good standing with the Province of British Columbia and has approximately 20 years of engineering experience, including 15 years as a software engineer. Progressa CTO Aaron Gladders comments: “Mr. Chan’s experience in building high performance technology teams will be invaluable at this time of rapid technology expansion.”

Progressa is also proud to announce the completion of its brand new 13,000 square foot office at 2550 Victoria Park Avenue. Progressa CFO Kiya Hushyar comments: “We are excited for our 75 employees in Toronto, especially those who have been with the Company since it first moved its operations staff last summer.” The Company had been previously subleasing office space as it sourced and built out its new flagship Toronto office, over the last 12 months. With the new expansion of space, Progressa is planning for more aggressive talent acquisition in the GTA heading into 2018, doubling down on its commitment to Toronto, as it launches new enterprise partnerships in the second half of the year.

About Progressa

Progressa is Canada's fastest growing financial technology lender focused on helping non-prime and near-prime Canadians seeking to improve their financial health. In just 4.5 years, the Company has helped over 14,000 Canadians 'Borrow for the Right Reasons'. We serve the over three million Canadians who have had their credit rating impacted by overdue bills and items that have gone to collections. By building a loan that fits their budget and using it to pay their overdue bills directly, we help our customers reduce their debt load and establish or rebuild their credit score and offer automatic interest rate reductions over the course of all our loans. With the help of advanced data science and analytics we can effectively and efficiently evaluate credit risk and provide loans where traditional institutions are not willing. For more information, visit


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