Former ThinCats chief executive John Mould has joined the board of property-backed peer-to-peer platform CrowdProperty, Peer2Peer Finance News can exclusively reveal.
Mould (pictured) was head of both ESF Capital and ThinCats from 2015 until 2019, will sit on the CrowdProperty board as a non-executive director. He previously worked with CrowdProperty’s chief executive Mike Bristow on the board of the now-defunct Peer-to-Peer Finance Association.
“We’re extremely excited to have John joining the CrowdProperty team,” said Bristow.
“We’re building a long-term lending business founded on asset-class expertise, strategic differentiators and knowledgeably solving the fundamental pains evident in the sector for borrowers, lenders, the under-supplied UK housing market and critically the UK economy in terms of increased spend on labour, materials and services.
“Property professionals come to CrowdProperty not because it’s an online lender but because we’ve built the best property project lending business in the market to service their needs best as expert property people offering property finance.
“John’s experience in asset management, risk management and alternative finance in high growth environments will enhance the strategic perspectives that are core to CrowdProperty and realising the potential of the business.”
As chief executive of ThinCats, Mould oversaw its acquisition by ESF Capital, and took the business from approximately £150m cumulative lending to approximately £600m.
Mould has been working closely with the CrowdProperty team since early this year. In his new role he will advise on the platform’s risk management and alternative finance operating expertise, including through high growth stages.
“The CrowdProperty business model, fundamental expertise at the core of the business, quality first-charge positioning and technology-focus presents huge opportunity to take the UK SME property project market,” said Mould.
“It’s impressive how the team have taken their time to build strategic advantage in the sector and can now controllably, selectively and profitably scale, with quality at the core. I particularly like their long-term business focus and their pursuit of excellence – it’s easy to see huge potential, hence gladly accepting the position to bring complementary perspectives to the board.”