Billd names Eric Reynolds chief risk officer

Reynolds comes to Billd with extensive experience in risk management, having served in leadership roles at a variety of financial institutions, from Series A stage startups to established national banks.

“Establishing the Chief Risk Officer position at Billd is an important step forward in our continued efforts to strengthen and grow the business” says Christopher Doyle, Billd’s President and CEO. “With Eric leading risk, we’re better positioned to accomplish our company’s goal of providing the construction industry with 120-day payment terms for their material purchases.”

Reynolds joins Billd from Amount LLC, a FinTech organization that provides digital lending solutions to major financial institutions. As Head of Credit and Analytics Services, Reynolds was responsible for developing credit and product strategies for large banks including HSBC, TD, Regions, among others. Prior to Amount, Reynolds worked for Avant, a fast-growing consumer lending startup, where he built the credit card account management function from the ground up. Previously, Reynolds spent 6 years at Capital One in a variety of roles in the credit card business, most notably leading a team responsible for loss forecasting, modeling, and analysis on a $50 Billion credit card portfolio.

Billd was launched to bring access to Wall Street capital markets to the construction jobsite, allowing contractors to bypass project hurdles with access to upfront funds while enabling suppliers to sell more materials with less risk. For contractors who usually aren’t paid until more than 90 days from purchasing materials, Billd provides 120-day terms so they can scale their business and stabilize cash flow. With a deep understanding of the construction industry, Billd knows traditional credit data is a poor predictor for loans in the construction industry, and embraces contractors who struggle to obtain traditional bank financing.