Snap Finance appoints three new executives

Salt Lake City — Snap Finance (Snap), provider of fast, flexible pay-over-time digital financing options, has appointed three new members to its senior leadership team. Doris Hektor has been named as Snap’s Chief Compliance Officer (CCO); Gaurav Kohli has stepped into the role of Chief Technology Officer (CTO), and Tim King is the company’s new CFO (CFO). These new executive team members will bolster the company’s internal operating structure as it enters its next phase of significant growth.

Doris Hektor draws on 25 years of financial services risk management and compliance experience. Hektor recently served as Chief Risk Officer at Encore Capital, where she led the design and implementation of an enterprise-wide global risk management program covering Encore’s entire risk universe across all operating units. Prior to that, Hektor was with JP Morgan Chase as SVP and managing director of Consumer and Community Banking Compliance. A recognized leader in financial services compliance and risk with strong business acumen, Hektor will help Snap’s executive leadership team make more informed risk/return decisions.

Gaurav Kohli comes to Snap Finance from Token, Inc., a platform that enables bank-based payments via PSD2, where he served as CTO. Before that, Kohli held a dual CIO/CTO position at Renew Financial and served as VP, Platform, and Architecture for Visa’s Cybersource Division. Kohli brings more than 15 years of leadership experience delivering high scale SAAS platforms in FinTech and Telecommunication.

With 30 years of experience in financial services, Tim King brings to Snap a proven track record of driving results and ensuring that a company operates with sound financial principles, positioning them for growth. Before joining Snap Finance, King served as the CFO of Alliance Data, a cutting-edge provider of market-leading payment products and digital solutions. King earned his MBA from The Amos Tuck School of Business at Dartmouth College. He succeeds Spencer Clawson in the role, who will continue to serve the company as EVP, Finance, and Special Projects.

“Snap is building an outstanding team of financial services leaders with the expertise to steer the company into the future of digital payments. Doris, Gaurav, and Tim certainly fit that description,” says Matt Hawkins, CEO at Snap Finance. “All three of these new members of our senior leadership team have a seasoned track record and a depth of experience that will only make our company stronger. We’re thrilled to have them with us.”

Most recently, Snap entered a strategic partnership with Affirm to bring a wider array of payment choices to retailers across the U.S. With the addition of Hektor, Kohli, and King, Snap is well-positioned to navigate future growth as demand for its flexible pay-over-time FinTech platform increases.

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About Snap Finance

Founded in Salt Lake City, Utah, in 2012, Snap Finance is the leading provider of fast, flexible pay-over-time digital financing solutions for omnichannel retailers. Snap provides financing access beyond traditional credit, opening significant opportunities for retailers to boost sales to a vastly underserved market. Snap’s proprietary, machine learning-based decision-making technology brings modern payment options to consumers who are still growing or rebuilding their credit profiles. Its payment solutions are accepted at more than 300,000 merchants. For more information, visit