Powered by MOMENTUM MEDIA
subscribe to our newsletter
Former Xero boss joins non-bank lender

Former Xero boss joins non-bank lender

Alternative small business lender Moula has appointed former managing director of Xero to its board.

Former managing director of Xero Chris Ridd has been appointed to the board of the data-driven lending platform as the company positions itself for significant growth.

Having worked at Xero Australia for five years, Mr Ridd brings to the role his extensive understanding of small business lending.

Advertisement
Advertisement

“I saw a marked shift in the way SMEs use online data to streamline business process and drive growth,” Mr Ridd said.

“There is an opportunity to help support the continued success of small businesses. Lending based on the strength of accounting data is a unique point of differentiation in the market, and one that is the way of the future for finance-as-a-service,” he said.

Moula CEO and co-founder Aris Allegos commented that Mr Ridd’s appointment will be significantly beneficial in assisting Moula to deliver its unique lending solution to Australian SMEs.

“Having somebody of Chris’ calibre on the board, with his track record of building exceptional businesses, is a tremendous boon to Moula,” Mr Allegos said.

Mr Ridd joins the board of five executives, including Moula co-founders Aris Allegos and Andrew Watt, managing director of Liberty Financial Sherman Ma and tech entrepreneur Nathan Cher.

[Related: New lender to ramp up broker distribution]

Former Xero boss joins non-bank lender
mortgagebusiness

 

Latest News

The prudential regulator said the self-assessments carried out by financial institutions have shown that CBA is not the only one in the indu...

The chair of a European-based financial regulator has defended ASIC’s new regulatory remit in response to suggestions that a renewed focus...

The dispute resolutions body is seeking recruits for several newly created senior positions to support its transition into a new phase of op...

FROM THE WEB
podcast

LATEST PODCAST: How the mortgage sector will be impacted by the federal election

Do you think the banking royal commission recommendations could negatively impact competition in the mortgage market?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.