In today's edition of interviews with industry members, we bring you Jacquelline Bogdanov of Thoro Corp. I've gotten to know Jacquelline over the last year and was impressed with her professionalism, service, and dedication to her clients so I wanted to interview her to help you learn more about her, Thoro Corp, and what her views are on the industry as it is now. Enjoy!
Tell me who you are, where your office is based, and why are you in Finance.
My name is Jacquelline, Head of ISO Relations at Thoro Corp, based in Hallandale Beach, FL. My role revolves around managing partnerships and ensuring our partners experience seamless service. I’ve always been drawn to finance and have a natural knack for connecting with people so this position lets me blend my passion for financial solutions with meaningful daily interactions.
What were you doing before this?
I have a bachelor’s degree in accounting and have spent my career in various roles within international finance companies across the US and Europe. Being surrounded by financial operations has always been a part of my professional journey.
Tell me more about what your company does, the products you offer, and the guidelines
Thoro Corp is a boutique funder that prioritizes transparency and open communication. We focus on building long-term relationships with our ISOs, and we differentiate ourselves by not having an in-house brokerage team. Our primary service is merchant cash advances, specifically tailored for merchants in the B-C paper category, with no industry restrictions. We offer funding up to $5 million, with terms up to 120 days or 24 weeks.
Additionally, I’m excited to introduce Thoro Payments, our new service that enables clients to process credit card transactions through us. By using Thoro Payments, clients can take advantage of exclusive premium rates on merchant cash advances whenever they need additional capital.
What should brokers know when working with you?
The most important thing brokers should know is that their files always remain theirs. We never compromise on this, which helps us build and maintain long-term relationships with our partners.
And what do your days consist of?
My day kicks off with a double espresso and a review of emails to ensure everything from the previous day has been taken care of. I spend much of my time communicating with partners, ensuring deals are processed swiftly and smoothly. I also manage our social media content, enhancing our online presence.
What are your goals for this year?
My main focus this year is on driving growth and reaching new milestones. We aim to further streamline our processes to ensure an even more efficient and seamless experience for our partners. By staying ahead of industry trends and continuously improving, we are committed to setting new standards in the merchant cash advance sector.
Biggest challenges right now?
Striking the right balance between the needs of ISOs, the market, and merchants. Adapting quickly to industry shifts might be challenging but is key to sustaining our high standards of professionalism and efficiency.
What types of things keep you motivated?
Seeing the progress and positive changes that come from the effort I put in every day.
Now time for the lightning round:
What's the most memorable deal in your career?
Joining Thoro Corp ;)
Do networking events help you?
Absolutely, I always look forward to them!
Do you use generative AI and if so which ones?
No!
Would you ride in a driverless car?
I prefer driving the traditional way, behind the wheel myself.
What is your favorite country you have visited?
France
If you could travel anywhere, where would it be?
Asia
Should there be laws for politicians prohibiting insider trading?
Yes!
Do you prefer Bitcoin or gold?
USD
Last question. Give me your thoughts on the state of the commercial finance industry, which is a large umbrella of lending products, and what if anything would you change?
Strong regulation is essential to enhance the industry and foster a stable, reliable environment. Equally important is cleaning up the industry by eliminating those who engage in unethical practices. I think we can all agree that this is a necessary step for the industry's growth and integrity.
What's the best way for folks to get a hold of you?
Jacquelline Bogdanov
Head of ISO Relations
305-528-5229
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