CONRAD Ford, founder and chief executive of Funding Options, is stepping down after eight years of leadership.
Funding Options said on Thursday that Ford will remain involved with the business finance marketplace, both as a shareholder and founder.
The firm did not make an announcement regarding Ford’s successor.
“It’s been an incredible journey from founding Funding Options in September 2011,” said Ford.
“The business has played a pivotal role in the UK’s now thriving alternative finance sector, having helped fund many thousands of businesses and more recently pioneering in Open Banking.
“I’m particularly proud of the strong culture at Funding Options, where it has been humbling that so many exceptional people have signed up for the company’s mission to deliver superior financial solutions for businesses.
“With an ambitious and talented new leadership team in place, this is the right moment to step aside as the business moves on to the next stage of growth. I’m excited and looking forward to what’s next on my journey whilst I will always be a member of the Funding Options family.”
Funding Options has rejigged its team over the past year, including the appointment of WorldPay founder Nick Ogden as non-executive chairman.
“2018/19 has been a transitional year for Funding Options,” said Ogden.
“With new talent in the executive team and accelerating commercial performance we are excited to expand into 2020 supporting more businesses, both in the UK and internationally.
“Conrad has been instrumental in building the incredible success of Funding Options. We wish him every success as he continues to lead the transformation of financial services.”