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Canapi Inc. Names Timur Davis as Principal

WILMINGTON, N.C., April 30, 2018 (GLOBE NEWSWIRE) -- Canapi Inc. announced today the appointment of Timur Davis as principal for the fintech-focused company.

Canapi, Inc.
Canapi Inc., a wholly owned subsidiary of Live Oak Banchares (NASDAQ: LOB), is a fintech-focused company that aims to bring innovation, efficiency and excellence to the forefront of the banking industry. By investing in companies that accelerate the delivery of open digital banking solutions to the market, Canapi intends to change the landscape of financial services. To learn more, visit www.canapi.com.


In this newly created role effective April 23, Davis will develop and execute investment and incubation plans and strategies that support Canapi’s mission, roadmap and vision to bring innovation, efficiency and excellence to the forefront of the banking industry.

“Timur is an experienced venture capitalist with global experience who will help us strategically cultivate like-minded companies for Canapi to invest in and partner with” said Canapi Managing Director Neil Underwood. “With his support, we aim to develop an ecosystem of cutting-edge companies that will transform the way people interact with the financial services industry.”

Davis previously served as senior investment manager for Samsung Ventures in Seoul, South Korea, where he invested in global tech start-ups in emerging areas such as AI, big data, cloud, energy, digital healthcare and ecommerce. His decade of experience also includes serving as a consultant at The Boston Consulting Group where he focused on strategic projects in technology, finance, pharmaceutical and media industries; and fellow at Columbia Technology Ventures in New York where he analyzed the commercial potential of technologies developed by Columbia University faculty and researchers. 

Davis received a PhD in applied physics and applied mathematics from Columbia University in New York.

To learn more about Canapi, visit www.canapi.com.

About Canapi Inc.
Canapi Inc., a wholly owned subsidiary of Live Oak Banchares (NASDAQ:LOB), is a fintech-focused company that aims to bring innovation, efficiency and excellence to the forefront of the banking industry. By investing in companies that accelerate the delivery of open digital banking solutions to the market, Canapi intends to change the landscape of financial services. To learn more, visit www.canapi.com.

Contact:
Micah Davis, Marketing Director
910.550.2255
micah.davis@liveoak.bank

Claire Parker, Senior Public Relations Manager
910.597.1592
claire.parker@liveoak.bank

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Live Oak Bancshares, Inc.
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