Growth Street founder Greg Carter has joined equity management platform Capdesk.
Carter (pictured) was replaced as chief executive of Growth Street in December 2019, shifting to a strategic adviser role amid a restructure and layoffs at the peer-to-peer lender.
His LinkedIn profile shows he left the company in July and has now joined Capdesk as chief financial officer.
Capdesk helps private companies set up and manage share schemes.
“The team has built an incredible service to help the leaders of fast growing companies streamline cap table management, build stronger relationships with their shareholders, and make it easier to transform employees into incentivised co-owners, by simplifying employee share schemes,” he said.
“I know from first-hand experience the huge pain Capdesk solves, having been both a user and – earlier in my career – wishing I’d been a user after spending long hours wrestling with spreadsheet cap tables.”
Growth Street is currently in the process of getting its loanbook repaid as it prepares to wind down.
The business lending platform entered a 90-day liquidity event earlier this year to stop withdrawals and keep funds invested.
It then decided to close to retail investors in June and focus on getting its loanbook repaid as part of a resolution event.
However, efforts to secure institutional backing have since failed so the platform has instead decided to close once loanbook repayments are complete.