Brett Caines, co-founder and CEO of Lumos Technologies Inc., got his crash course in banking at Wilmington-headquartered Live Oak Bank.
He joined the Live Oak team in 2007 when the early-stage firm was organizing to become a bank. In 2011, Caines became the company’s chief financial officer – a role he held until he left to start Lumos Technologies with Stephen Hayes and Youri Nelson, also former Live Oak employees, in 2021.
At Live Oak, a cloud-based bank that primarily serves small businesses, Caines and his co-founders saw a “market need for … a way to efficiently and effectively assess small business credit risk,” Caines said…