Peer2Peer Finance News
The UK's first peer-to-peer finance magazine for investors and the industry
  • Home
  • News
    • Personal Finance News
    • Industry News
    • SME News
    • Global News
  • Property
  • IFISA
    • IFISA Guide
  • Video
  • Open Banking
  • Cryptocurrency
  • Features
    • Joint Ventures and Promoted Content
  • Comment & Analysis
  • What is P2P?
  • Partners
  • Events
    • Past Events
  • P2P Power 50
    • Power 50 2020
    • Power 50 2019
    • Power 50 2018
    • Power 50 2017
  • Sign up to our e-newsletters
  • Magazine
  • Directory
  • Jobs
  • My Account
    • Manage Account
    • Change Password
    • Log In
    • Log Out
Sean photo
July 3 2017

Funding Circle appoints Auto Trader CFO as platform motors on

Marc Shoffman Industry News, News FCA, Funding Circle, p2p, Samir Desai, Sean Glithero

FUNDING Circle has named former Auto Trader executive Sean Glithero as chief financial officer (CFO) as the platform reveals an acceleration in business lending so far this year.

Glithero had worked at Auto Trader since 2006, becoming CFO in September 2012.

He said there are plenty of similarities between both businesses.

Read more: Funding Circle US strengthens senior team

“Over the past seven years, Funding Circle has cemented its place as the leading platform for small business loans globally,” he said.

“Similar to Auto Trader, their business model is digital and data-led and they have a collaborative culture for delivering the best results for their employees, customers and investors.

“I am looking forward to joining the team and supporting the business as it continues to build on its market-leading position.”

He replaces Jeremy Bennett, who was only appointed CFO last year, but a spokesman said he is now performing a senior advisory role.

The appointment comes as the platform reveals global lending has increased 80 per cent to a record £800m in the first half of 2017 across the UK, US, Germany and the Netherlands, with 8,000 businesses accessing funds. Total lending has now passed £3bn globally, the platform says.

Read more: Funding Circle announces £82m equity investment after record quarter

Samir Desai, chief executive of Funding Circle said the UK business was profitable.

“Our ambition is to build a better financial world by revolutionising the financial system and securing a better deal for everyone, he said.

“Sean’s experience will be invaluable as we continue on the journey to creating a category-defining global company, helping thousands of small businesses access finance and create jobs, while providing investors with attractive stable returns on their investments.”

Read more: Funding Circle gains FCA approval

Tidal power bond makes waves among P2P investors P2PFA widens membership with eight new associates

Related Posts

man business analytics and financial Business finances and accounting concept.

Industry News, News, Top 3

ThinCats’ credit processes unchanged despite pandemic

closeup macro fifty euros bankontes background

Global News, Industry News, News, Top 3

EstateGuru reports 50pc rise in annual lending volumes

Geschäftsmann vor weißem Hintergrund stellt Geschäftserfolg vor

Industry News, News, Property, Top 3

LendInvest predicts higher demand for complex lending in 2021

Popular posts:

  • Government responds to P2P fraud query
  • FCA lumps P2P lending in with higher risk products again
  • The alternative lenders accredited for CBILS
  • 4th Way gives its views on Zopa and Funding Circle returns
  • Funding Circle to offer first and second draw PPP loans
  • SME lender warns many companies will not survive
Back To Top
  • Home
  • Contact
  • About
  • Team
  • Advertising
  • Subscribe
  • Privacy
  • T&Cs
  • Disclaimer

Follow Us on Social Media

© Peer2Peer Finance News 2020
• Additional design by