WORLDPAY and ClearBank founder Nick Ogden has joined business finance marketplace Funding Option’s board as a non-executive chairman.
Ogden (pictured) is known for founding payment platforms WorldPay and Cashflows, and ClearBank – the first new clearing bank for 250 years, Funding Options said on Wednesday.
“With the deployment and opportunities around open banking in the UK, we intend to deliver a substantial new choice of services to many UK businesses, many of whom are still to understand the changes and choice that is being made available to them,” Ogden said.
“Every business consumes financial services and they are now actively encouraged to shop around for the best possible deal. Having already delivered around £250m in business funding in its start up phase, our mission is to ensure that all businesses understand and take advantage of financial service choice.”
Ogden’s appointment comes at a time when Funding Options is seeking to take a leading position in Open Banking, the company said. Funding Options launched in the Netherlands in February via a partnership with Dutch bank ING.
“We are delighted that Nick is joining the Funding Options board at this exciting time,” said Funding Options chief executive and founder Conrad Ford. “He is an extremely valuable addition to the business and brings a wealth of experience especially in establishing and building market leading financial services businesses. We look forward to his insights and contributions as we strengthen our services to all UK businesses through our delivery of Open Banking services.”
Funding Options has been on a recruiting drive in the past year, having hired former Google executive David Keene to lead its marketing effort in June and appointing Esme Loans founding member Simon Cureton as its new commercial director in April.