Credit score provider ClearScore has hired NoteMachine’s Grant Foley as its new chief financial officer (CFO).
Foley joins from the ATM operator, where he also held the CFO role. He has more than 25 years’ experience in senior and board-level finance roles, including positions at CMC Markets, where he worked on their successful stock market float.
ClearScore, which partnered with Zopa Bank earlier this year, said Foley will look to scale the business for further growth, supporting its plans to expand internationally.
“I am incredibly excited to be a part of ClearScore’s ambitious plans for the future as we look to accelerate our growth and global reach,” Foley said.
Foley’s hire follows ClearScore’s latest fundraise which saw it secure a $200m (£145m) investment from Invus Opportunities, a global equity investor. This values the company at $700m.
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In May, ClearScore said that its partnership with Zopa Bank – the sister company to peer-to-peer consumer lender Zopa – was the first in-market open banking integration between a credit marketplace and credit partner.
By combining data held by ClearScore and Zopa’s real-time open banking capabilities, users can find out immediately if they will be pre-approved for a Zopa credit card with a personalised APR, without marking their credit file.
Zopa is the first credit card partner to go live with open banking data on the ClearScore marketplace.