Peter Kent, former chief advertising officer at shopper lender Koyo, has joined the board of Plend as a non-executive director.
Kent will maintain the position whereas persevering with to work full time as vice chairman EMEA at a world asset supervisor.
Earlier this 12 months, Koyo wound down its enterprise after failing to safe crucial funding. A message on the Koyo web site tells clients that their Koyo mortgage “has now been transferred to Koyo Finance 1 Ltd and is being managed by Capquest, on their behalf.”
Learn extra: Plend groups up with non-profits to ship loans to susceptible debtors
Kent spent 4 years on the shopper lending platform, earlier than becoming a member of a world asset supervisor in July. He instructed Peer2Peer Finance Information that his board place at Plend will permit him to stay within the shopper lending sector.
“Koyo sadly ran out of runway earlier this 12 months, however I needed to remain within the business and advise Plend from the board, alongside my full time position,” he mentioned.
Learn extra: Koyo to ship declined debtors to Freedom Finance
“Plend is a principled lender with nice prospects.”
In a Linked In put up, Plend welcomed Kent to the crew, stating: “With a wealth of expertise and experience, we couldn’t be happier to welcome you aboard.
“We stay up for reaching new milestones collectively as we proceed to construct a fairer monetary future.
“We’re thrilled to have you ever on the crew!”
Learn extra: Unique: Plend secures Varengold funding line