As CEO of Finance Exchange, Dan Michalek leads the strategic growth vision for the company with overall responsibility for all facets of the business. Dan is a seasoned technology leader and a serial entrepreneur starting multiple companies with over 25 years’ experience in the greater equipment leasing and data marketplaces. His startup acumen comes from the ability to recognize patterns, solve problems which creates innovative business opportunities.
Most recently, Dan was Founder and CEO of OpenMarkets, Inc which is a rapidly growing technology company reinventing the healthcare equipment marketplace with an emphasis on data, collaboration and simplicity. OpenMarkets improves the relationship between buyers and sellers of capital equipment by facilitating better collaboration in a centralized platform to track files and communication. This has proved to remove significant waste from this $80B market and reduce healthcare costs for patients. Prior Dan was CEO and Founder of PayNet Inc. which is a highly successful data analytics company which has transformed the equipment leasing and banking industry through better data and decisioning. Dan solved a key problem within the industry by creating the first Exchange where lenders can share payment history information electronically in a safe environment. PayNet converts this raw data into real-time market intelligence and predictive information that subscribing lenders use to make informed lending decisions. Today, this proprietary data warehouse contains over 23 million financial contracts and over $1.4 trillion in obligations. Paynet is considered the leading provider of credit ratings on small businesses, enabling lenders to achieve optimal risk management, growth and operational efficiencies. Earlier in his career, Dan was CEO and Founder of Connor Capital Corporation which specialized in setting up captive finance divisions for equipment manufacturers and distributors. Connor Capital grew at a phenomenal pace and was ultimately sold to a publicly traded finance company where Dan stayed on board through the acquisition. Prior to starting multiple companies, Dan spent time with both Citicorp and American Express in new divisions launching products such as American Express MoneyGram and Citicorp Express Money Services.
Dan was runner-up for the Ernst & Young Entrepreneur of the Year award in 1999 and holds an MBA from Northwestern University’s Kellogg School and a BBA in Marketing from Texas Christian University.