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Peer2Peer Finance News | July 23, 2019

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Funding Options appoints chief product officer to boost digital presence

Funding Options appoints chief product officer to boost digital presence
Marc Shoffman

FUNDING Options has named Alastair Preacher (pictured) as its new chief product officer, to support its plans to scale up the business.

Preacher brings digital experience to the alternative business finance aggregator, having worked at companies such as Tesco, Lloyds Bank, IBM and online mortgage broker Habito.

He is credited with helping build Tesco’s digital subscription and loyalty products.

Funding Options said that Preacher’s appointment is part of its wider strategy to ramp up its product and digital function, to scale its operations and rapidly achieve its growth ambitions.

Read more: £266bn of late payments hamper UK SMEs’ growth

“The opportunity to be part of a company that is already positively disrupting a market and driving real change for customers is huge, and I fully share the company’s purpose of helping the small to walk tall,” Preacher said.

“Funding Options is a young company that readily embraces new ideas and creativity where we can actively challenge the status-quo and create products and services that solve real customer issues.

“Together with the team I’m looking forward to creating a step-change in the company’s digital product function that will take the business to the next level.”

Read more: Funding Options looks to raise £5m for growth plans

Ryan Edwards-Pritchard, managing director of Funding Options, described Alistair as “an excellent fit” for the business.

“He brings a wealth of experience to Funding Options alongside a passion for using technology to solve complex customer issues,” Edwards-Pritchard said.

“Alastair’s focus will be on creating a culture of true customer-led product design through data-driven solutions that will broaden and deepen our product set as we continue to grow and evolve.”

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