Spring Oaks Hires David Der as Head of Engineering

RICHMOND, Va. — Spring Oaks Capital, LLC has hired David Der as Head of Engineering. He will report to Chief Technology Officer Paul Hurlocker.

David
joins from Facebook where he served as a software
engineering leader. His team at Facebook focused on building integrity systems for keeping its
platforms and communities safe
from malicious content and actors. Prior to Facebook, he co-founded
Notch with Paul Hurlocker, a machine learning focused consultancy that was
acquired by Capital One in 2017. David is
a transformative leader with deep software
engineering
and machine learning expertise that will further Spring Oaks Capital’s mission
of creating intelligent, engaging customer experiences.

Spring
Oaks Capital is deeply rooted in compliance, technology, and serving as a
consumer-
centric partner to all of
its stakeholders. David has a clear track record of delivering
impactful, real-world data and machine
learning driven solutions at companies like
Facebook, Capital
One, and Red Hat.

Paul
Hurlocker stated, “David is a seasoned technologist, leader, and entrepreneur
that will
be crucial in helping us
build a best-in-class engineering function. We’ve known each other
for a long time, and I’m
thrilled
to have the opportunity to work
closely with him again.”

David added, “I am delighted to be working with Paul
again at one of the most exciting and fastest
growing companies in this space. To be involved in leading transformational
efforts in financial services by
leveraging modern data and machine learning solutions is a vast opportunity and extremely exciting.”

About Spring Oaks Capital, LLC

Spring
Oaks Capital is a national financial technology company, focused on the
acquisition of credit portfolios.
The Company subscribes to an employee and consumer-centric operating philosophy that creates
high-value jobs, a significant performance lift, and the highest standards of compliance. Spring Oaks’ business strategy
is rooted in innovative data-driven
technology to maximize collection results and a contact platform that offers multi-channel options to meet each
consumer’s communication preference. Spring Oaks has the management vision and experience to nurture a culture and DNA that is unique in 
the
space. The executive team maintains deep experience end-to-end across the
consumer finance lifecycle with
some of the largest global banks and innovative FinTech platforms. To learn more about Spring Oaks and our
revolutionary FinTech platform, please visit
www.springoakscapital.com.