The largest peer-to-peer lending platform in Asia is adding to its senior management as it scales its operations across the region.
Singapore-based digital peer-to-peer lending platform Funding Societies has announced a range of additions to its C-suite: Matt Lambie as chief technical officer, Dheeraj Chowdhry as chief executive officer and Jared Goldberg as the chief data officer. Current CEO and co-founder Kelvin Teo will take up the new position of Group CEO.
Lambie joins from MoneySmart where the Group CTO. He has also spent time consulting as the CIO and co-founder of the Frontier Group for 15 years. Chowdhry brings 20 years of banking industry experience, having held a range of positions for American Express, ANZ Bank and ABN AMRO. Goldberg has almost 15 years in financial services technology and data in UBS, Standard Chartered, DBS, Societe Generale, and ICAP.
«Enabling SMEs»
«As our scope to serve SMEs grows, so does the need for diverse skills and knowledge of the ecosystem. Each new team member not only helps to bring us to the next level, but also further cements our conviction of enabling SMEs in Southeast Asia,» Teo said about the appointments in a press release published on Wednesday.
Funding Societies uses its platform to provide business owners access to funding from both individual and institutional investors. According to the firm, it has financed over 900,000 business loans totaling over S$800 million regionally since it was founded in 2015.
The firm is licensed to operate in Singapore, Malaysia and Indonesia, where it operates as Modalku. It raised $25 million in a Series B funding round led by SoftBank Ventures Asia, and supported by Sequoia India, Alpha JWC Ventures and Golden Gate Ventures.
