FOR IMMEDIATE RELEASE
MaxMyInterest Appoints Ateet Adhikari as Chief Operating Officer
Former COO of FedEx’s ShopRunner joins leading cash management fintech company to lead next phase of growth
New York, NY — November 3, 2022 — MaxMyInterest (“Max”) — an intelligent cash management and optimization platform for individual investors and financial advisors, today announced that Ateet Adhikari has joined as Chief Operating Officer.
Mr. Adhikari will be responsible for identifying new opportunities for growth and innovation; supporting relationships with partners; overseeing Max’s daily operations, compliance, and customer success program; and mentoring and growing Max’s team.
Prior to joining Max, Mr. Adhikari was the Chief Operating Officer of ShopRunner, where he was a key player in the capitalization, growth and ultimate sale of ShopRunner to FedEx in 2020. In this role, Ateet led strategy, partnerships, account management, operations, innovation, legal, human resources, and governance.
“The multi-trillion-dollar market for bank deposits is massively inefficient,” said Mr. Adhikari. “Max has created the most innovative solution in the market in a way that helps depositors, wealth managers, and banks. I look forward to helping scale Max to the next level.”
Prior to joining ShopRunner, Mr. Adhikari worked in venture capital as the Vice President of Sandbox Industries/Healthbox, as a Venture Expert-in-Residence at IDEO, and as an associate at McDermott Will & Emery, Huron Consulting Group, and the William J. Clinton Foundation/Clinton Health Access Initiative. Mr. Adhikari graduated from Northwestern University with a degree in Economics, the University of Illinois with his Juris Doctor, and Harvard University with a Masters in Public Administration.
"We look forward to benefiting from Ateet’s experience scaling ShopRunner, an innovative platform that delivered a seamless shipping experience for millions of e-commerce customers,” said MaxMyInterest Founder and CEO Gary Zimmerman. "The rising interest rate environment has opened up many new opportunities for Max to deliver its award-winning cash management solution to customers through institutional distribution channels. We are excited to work with Ateet to supercharge Max’s growth among individual investors, their financial advisors, banks, and other financial institutions and fintechs who desire to deliver the best cash solution in the market to their clients.”
Max’s patented technology enables clients to continuously earn the highest yields on their cash, while keeping it safe in their own FDIC-insured bank accounts. Advisors from nearly 1,500 wealth management firms have registered to use Max with their clients, and Max’s new embedded finance solutions are enabling leading financial services firms and financial technology companies to deliver Max’s powerful cash solution from within their own websites.
MaxMyInterest ("Max”), a service of Six Trees Capital LLC, offers intelligent cash management solutions for individuals and financial advisors that enable individual investors to earn dramatically higher yields on cash. Max’s patented technology helps clients reallocate funds among their checking and high-yield savings accounts to earn the highest yield while keeping their funds safe in their own FDIC-insured bank accounts. Today, Max members can earn up to 3.16% APY on FDIC-insured deposits, compared to the national savings average of 0.21%.
Max is available direct to individuals at MaxMyInterest.com, and can also be integrated into wealth management platforms, so that banks, brokerage firms, registered investment advisors, multi-family offices, and fintechs can deliver better cash solutions to their clients. Max also benefits banks, helping them attract direct customer relationships and deposits without spending money on advertising or referral fees.
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