Fast-growing fintech and proptech solutions company, Tellus, is a provider for savvy savers, real estate investors, and property managers. Today, the company announced the hiring of Andrew Shedd as executive vice president and head of product development. He will be responsible for reimaging and reintroducing savings, credit, and lending products to a generation of savvy earners seeking novel ways to build wealth.
"I am delighted to be bringing Andrew on to our growing team. I look forward to his leadership contributions and am thrilled about the innovative solutions that we will develop together at Tellus,” said Jeromee Johnson, leader of the Tellus team. “We are giving a whole new generation of users access to a level and range of personal finance, savings and real estate solutions that they have never had before. I'm proud that Andrew has chosen to join us in this journey.”
Previously Shedd was a member of MojoTech, where he was responsible for launching the firm’s design organization and leading high-profile product development initiatives. During his ten year tenure, MojoTech experienced significant growth with Shedd personally leading the company’s expansion into the East Coast and West Coast, with new offices in Washington, DC., and Los Angeles, CA.
"We are witnessing a confluence of generational, technological and market-driven forces that is really exciting." Shedd stated. “Consumers want greater access to high-yield (%) solutions with the security of a money market account. Real estate can provide that. This is a new model with a unique value proposition that is structurally different from traditional products. The opportunity is massive and [Tellus] has demonstrated traction. This is a talented team and I am excited for what we will achieve together.”
T. Zhu, co-founder of Tellus added, "Smart savers are looking to optimize their finances. People are looking to technology more than ever to help achieve their financial goals and we're excited to put more of that power directly in their hands. Our product is designed to deliver trust and joy to our users and we are thrilled by the customer feedback we have received thus far."
"There is a large gap between the mortgages that are available for owner-occupied homes versus those that are investment properties. Despite rising inflation, the yields available to cash savers remain severely depressed. Tellus addresses both of these problems while building a modern wealth creation ecosystem,” Shedd added.
For more information on Tellus, visit the Tellus Blog.
