Ted Hill

General Partner and Chief Financial Officer

2023

General Partner and Chief Administrative Officer

2022 - 2023

B Capital Group is a multi-stage international investment firm founded in 2015. Investing in companies transforming large traditional industries across borders and geographies, B Capital leverages a global team of seasoned experts. B Capital also leverages its strategic partnership with BCG, by which BCG is an anchor investor and provides consulting services to B Capital and its portfolio companies, The firm helps founders navigate business challenges, raise capital, and attract talented leadership at every stage of the startup lifecycle. B Capital focuses on enterprise software, financial services and healthcare investing.

Partner and Chief Operating Officer

2019 - 2022

Board Director

2019 - 2023

I was a Board Director for an early stage startup transforming the banking industry. Envel scaled the technology and was bought by BM Technologies (NYSE:BMTX) in June 2023. Envel’s Driverless AI Banking is a revolutionary next generation ‘true’ deep learning AI (Artificial Intelligence) powered Banking that turns your account to Autopilot; Optimizes your Money, Controls your Spending in Real-time and builds your riches Autonomously.

Chief Financial Officer

2019 - 2020

Supported Envel on a part-time approach as their first Chief Financial Officer. Built initial financial models and provided strategic advice as this neo-bank grew from 3 people to 20 people and Alpha product launch. Transitioned from role to a non-executive Board Director when the company was ready for a full-time CFO. Envel is a Harvard founded, MIT seed funded Fintech based in Boston, MA. It is the world’s first fully AI-driven banking, payments and wealth creation platform and offers a range of autonomous, digital banking products, service and real time financial advice, prompts and rewards with a core focus being on great design and customer experience. Envel has a number of hardware and software patents and uniquely uses the intersect between behavioral science, advanced AI and machine learning to acquire users and meet its customers needs. www.envel.ai They are hiring!

SVP, Strategy and Corporate Development

2017 - 2018

Directed newly-combined strategic planning and corporate development team. Key responsibilities include: • Developed 10-year US strategy and vision and coordinated the creation of the 3-year financial plan • Drove strategic initiative identification and collaborated with business teams to drive execution • Executed divestiture of mortgage warehouse business

SVP, CFO for Consumer & Business Banking Division

2015 - 2017

CFO and key Strategic Partner for the Co-President of Santander Bank, N.A. • Collaborated with management team to develop strategic direction • Drove improved financial performance through identification of expense reductions, pricing actions, incentive design structure, and increased digital and marketing investments to drive growth • Built monthly business review process to evaluate progress against key strategic goals. Resulted in greater management buy-in and faster execution of key decisions Recruited out of JPMorgan Chase by some former colleagues Reported to the U.S. CFO

Executive Director, Finance

2012 - 2015

Key strategic finance partner in supporting the consumer branch organization. Led team that drove the budgeting and forecasting for the branch network and key home office groups. CFO responsibilities for 5,500 branches, 50,000 employees, and ~$6B expense base. Team lead for the annual branch incentive redesign and key analytics for branch performance during the digital transformation. Presented results, insights, and recommendations weekly to Consumer Bank Executive Team. Reported to the Consumer Bank CFO

VP, Consumer and Business Banking Strategy

2012 - 2012

Key initiatives included building out consumer digital priorities and branch analysis to determine branch closure decisions. Quickly hired by CFO into Finance organization from this role within 8 months.

Vice President, Finance - Property & Casualty Performance Management & Analysis

2009 - 2011

Led team that was the strategic financial partner for key insurance functions (claims, customer service, product & pricing) in a $14B organization. • Financial Analysis and Decision Support: Reviewed and managed detailed analysis of results. Provided thought leadership to support decision making for annual operating and strategic plans. • Pricing and Risk Management: Team led process to allocate capital and expenses to set pricing targets commensurate with risk-adjusted returns. • Expense Planning and Strategy: Developed recommendations and oversaw action plans to reduce expenses through continuous improvement initiatives. • People Leadership: Create value through high performing teams. • Presented results on performance and key initiatives to Nationwide's CEO, CFO, and CMO in monthly 5-person discussion. Reported to the Property & Casualty CFO, a direct report of Nationwide's CFO

Associate Vice President

2007 - 2009

Responsible for leading strategic initiatives and presented recommendations to Senior Executives, including CEO and CEO’s direct reports for $20B organization. • Strategic Planning: Advised and oversaw the enterprise strategic planning process. • Office of Investments Strategy: Advised Chief Investment Officer on actions and Board communications during 2008 recession. Reported to Nationwide's Chief Strategy Officer

Case Team Leader

2003 - 2007

Managed teams to develop and support growth and profitability initiatives for Fortune 500 companies. Consulting assignments were ~60% growth and ~40% performance improvement oriented across consumer products, healthcare, IT, and financial services industries. Promoted to Case Team Leader from Consultant

Associate

1998 - 2002

Strategic Planning Associate on 10-person management team responsible for J.P. Morgan’s investment banking business strategy. Investment Banking Associate - Provided key advisory services to Manufacturing Company and Private Equity Clients including mergers and acquisitions and capital raising. Conducted due diligence across US and Europe for private equity clients. Accelerated promotion to Associate (post-MBA position) after 2 years.