Blackbaud's CEO joins SnapCap's board of advisors

Blackbaud CEO Mike Gianoni will join the board of advisors for SnapCap, a web-based provider of alternative business loans based in Charleston, SnapCap said on Tuesday. SnapCap offers loans based on performance-based financing, focusing on the health of a business, not just the owner's credit score.


Blackbaud CEO Mike Gianoni   Contributed photo

Blackbaud CEO Mike Gianoni will join the board of advisors for SnapCap, a web-based provider of alternative business loans based in Charleston, SnapCap said on Tuesday.

SnapCap offers loans based on performance-based financing, focusing on the health of a business, not just the owner's credit score.

As part of the board, Gianoni will act as a strategic adviser in several areas, including capital plans, corporate structure, operational structure, mergers and acquisitions, and financials.

"SnapCap is uniquely positioned to address an underserved customer base by innovating the lending process, which is why I find this opportunity so intriguing," Gianoni said. "I'm excited to join SnapCap's board of advisors and to help scale this promising Silicon Harbor-homegrown technology company."

Gianoni , Blackbaud's president and CEO since 2014, has degrees in engineering and business.

"We are very fortunate to welcome Mike as an adviser and leverage his experience, expertise and ideas on the intersection of technology and lending," SnapCap co-founder and President Hunter Stunzi said. "Mike will assist in guiding SnapCap's strategic direction and help us better serve our customers, which is key to our ongoing growth and success."

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