Funding Options has announced the appointment of a new CEO who will lead the strategy to accelerate growth through Open Banking innovation and a wider business services marketplace for both the UK and EU.
Simon Cureton has been appointed as the company’s Interim Chief Executive Officer (CEO) to lead this transformation.
He will be implementing a new organisational structure for the business to ensure Funding Options is best positioned to leverage the growth opportunities of Open Banking and international expansion. Previously the Commercial Director for Funding Options, Simon succeeds Conrad Ford, the founder of Funding Options, who stepped down from the CEO role last month.
Funding Options is also planning to expand the services it offers from lending, through credit cards to the wider business services market, leveraging the Funding Options technology for advanced matching and automation. It will also continue to offer excellent customer support to ensure customers receive exceptional service through Funding Options’ hybrid model of technology and human interaction.
Cureton commented: “It’s an incredible time for Funding Options as we embark on the next stage of our journey towards becoming Europe’s prime Fintech for small and medium business services. We are seeing accelerated growth and a desire from our customers to help them at all stages in their journey, not just when they need funding.
“We have grown rapidly in the last 12 months and we expect to continue growing in the region of 15-20% quarter on quarter. We will be launching into new international markets, expanding our product offering, and increasing Open Banking adoption to drive new product innovation. Open Banking presents a hugely exciting opportunity for both our business and the thousands of small and medium-sized businesses we serve. With our new and deeply experienced executive team, we are ideally placed to take advantage of these opportunities.”