Derek Brown

Exeq hires former LinkedIn, Addepar exec Derek Brown as CEO

Startup fintech Exeq has named Derek Brown its CEO ahead of its anticipated summer launch.

Derek Brown

Mr. Brown, 32, led a product development team in LinkedIn’s Talent Solutions division which was responsible for flagship enterprise product Recruiter. Between Addepar’s Series C and D rounds, he directed the sector responsible for the company’s investment management software.

Exeq was founded by a quartet of 20-year-old students from NYU and Yeshiva University. They recently finished Barclays’ Tel Aviv-based Techstars program, where they were directly advised by former Barclays COO/CTO Michael Harte. The app helps users set budgets and find places in New York City that match their budget and taste by using transactional data.

The approach is unique, Mr. Brown said.

“So many financial product offerings on the market today treat money as the end itself: where it’s all about the numbers. I’m thoroughly excited to lead this team in finally building a product that treats money the way that people treat money: as a means to an end. At the end of the day, it’s all about people and experiences, not the numbers. Money is simply the go-between that enables us to live the lifestyles we want.”

More than 25,000 are on a waiting list for the app, Exeq said in a release.

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