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Steve Allocca

Steve Allocca

Steve Allocca is Vice President and General Manager of Credit globally for PayPal. At PayPal, he manages a multi-billion credit business in the U.S., leads the effort to expand PayPal Credit globally, and presides over PayPal's entry into business lending. Steve also founded and previously served as President and CEO of Loan Science, LLC, a $330 million Austin-based company that is one of the leading providers of loan portfolio analytics and management for banks, insurers, education companies and investment firms. Today, Steve also serves as Chairman of Loan Science, LLC.Steve's career spans more than two decades in the financial services industry. The first three years of his career were spent at First Chicago Bank (now JP Morgan Chase) where, among other things, he designed and instituted a new cash flow and valuation model that was subsequently used to invest and hedge a $1 billion fund. He then spent 11 years at Wells Fargo, where he ran Customer Acquisition Marketing and attained the role of SVP, Personal Credit, responsible for an $8 billion division that included all of Wells Fargo's unsecured personal lending and transportation lending. He then served as President and COO of Education Finance Partners, the nation�s fourth largest originator of private student loans, before founding Loan Science.Steve has a BA in Economics from Washington & Lee University, where he graduated cum laude and was an Academic All Conference lacrosse player, and he has an MBA from the J.L. Kellogg school at Northwestern University. Steve lives in the Lakeway, TX, near Austin, with his wife of 10 years, 6-year-old son and 2-year-old daughter.