LENDINGCROWD has appointed four senior business development managers to provide an alternative to the ‘call centre approach’ of banks.
The Edinburgh-based peer-to-peer lender said on Wednesday that the new recruits will focus on boosting its lending in different regions of Scotland.
Chris Mitchell, who spent more than 15 years at the Royal Bank of Scotland and Clydesdale Bank, will cover Edinburgh and the surrounding areas.
Anthony Allen, with more than a decade’s banking experience, is covering Glasgow and the central belt alongside Fraser McKay, who has held a variety of finance roles in a career spanning more than 30 years.
Keith Hunter, an experienced business developer and sales manager, will be working with businesses across Aberdeen and the north-east of Scotland.
The new hires push the Scotland-based business lender’s staff quota above 40, less than five years after the company launched.
“As the banks retract into call centres and continue to close their branches, we understand that customers want a face-to-face relationship with their funder,” Adrian Innes (pictured), head of origination at LendingCrowd, said.
“That’s why I’m delighted LendingCrowd is bucking the trend by appointing four senior business development managers, each with significant experience and accredited banking careers.”
LendingCrowd announced a new funding deal worth £18.75m with the government-backed Scottish Investment Bank (SIB) and Dutch entrepreneurial bank NIBC
The institutional funds will be lent via the platform to UK small- and medium-sized enterprises (SMEs).
It is LendingCrowd’s second funding deal with the SIB, after a £2.75m funding line was inked in October 2016.