Plend co-founder Robert Pasco has changed his job role ahead of announcing a raft of appointments before the consumer peer-to-peer launches later this year.
Pasco (pictured) was previously chief operating officer and will now serve as chief executive.
He said Plend is making four appointments from September onwards for data science, marketing and compliance roles.
The platform plans to use open banking and a modern credit checking processes to connect individuals seeking funding with investors seeking a return.
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“James Pursaill and myself started Plend to enable wider access to truly affordable loans, underpinned by new and innovative advances in credit scoring to create a fairer future in which borrowers are no longer held back by their credit histories,” Pasco said in a LinkedIn post.
“This mission is very close to my heart.”
Pasco said he was “deemed invisible” by credit reference agencies when he first entered the UK in 2013 and entered a debt management plan in 2017.
“This had a massive impact on my mental health and while I am now proud to say that I am debt free, I am nonetheless barred from most forms of credit for the next six years despite what I can actually afford today,” he added.
“Through Plend, I honestly believe we will provide a more accessible and affordable alternative for the next generation of people like me – those who are either credit invisible or who have blemishes on their file from over the past six years.”