Zebit Announces Executive Management Transition

Marc Schneider is Promoted to CEO and Michael Thiemann is Elected Executive Chair

SAN DIEGO, CA (August 1, 2017)— Zebit, a company committed to offering no-cost, transparent credit to hardworking Americans, today announced the promotion of Marc Schneider, Co-founder and President, to the additional role of Chief Executive Officer. Michael Thiemann, Co-founder and former CEO, has assumed the full-time role of Executive Chair.

“Marc and I have worked together for years to conceive and execute the Zebit vision,” said Thiemann. “No one knows Zebit’s combination of credit, payments and eCommerce better than Marc. We will continue our partnership as Zebit scales to become the product financing method of choice for over 200 million Americans who need a better way to buy what they need in affordable payments over time.”

Schneider commented, “I am honored to have the confidence of the board and the continued support of Michael in driving Zebit’s remarkable growth of building of a unique brand centered around ‘buy now, pay over time, 0% always.’ With the success of our direct-to-consumer financing business, we are now focused on accelerating marketing, operations and customer service resources. I will focus on building the infrastructure and systems necessary to support increasing growth, while maintaining our outstanding customer rating, including Zebit’s net promoter score of 69.”

Schneider holds a B.S. in economics and accounting from The Wharton School at the University of Pennsylvania and his M.B.A. in marketing and statistics from the University of Chicago’s Graduate School of Business. Prior to co-founding Zebit, Schneider served as senior vice president for Global Analytics, Inc., and was COO of Zulily, a private sales e-commerce site, where he built and scaled customer service, logistics, fulfillment, studio operations and I/T to support the company’s accelerated growth. Prior to Zulily, Schneider was vice president of mergers, acquisition integration and customer service at Provide Commerce. He also has past experience as the vice president of operations for Richard C. Breeden & Co., general manager of private equity for Milestone Merchant Partners in Mexico City, and with CSC Index as a management consultant working across a variety of industries and issues.

Zebit also announced that Michael Thiemann, Co-founder and former CEO, was elected Executive Chair. Remaining a full-time Zebit employee, he will devote his time fundraising, building corporate partnerships and developing strategic initiatives. As CEO, Thiemann has been successful growing Zebit during the past two and a half years in B2B corporate partnerships and fundraising efforts. Together, Thiemann and Schneider will continue to collaborate on Zebit’s long-term product strategy and brand building.

 

About Zebit
Zebit is an online marketplace and payment system offering no-cost financing to hard-working Americans. Zebit counters deceptive financing alternatives and saves members thousands of dollars in fees by offering the ability to finance purchases over time without interest, membership fees, or a credit check. Zebit’s online marketplace gives members access to 0% APR financing on millions of products, which include purchases from retail partners like Amazon, Target, Best Buy, and more. Zebit is offered through employers and HR platforms as part of a financial wellness benefit package as well as direct to consumers. Learn more at www.zebit.com.