Publication: Business Money
9th September 2020
Funding Xchange, the leading business funding market place using its innovative platform to link businesses to the funders who are most likely to have an appetite to lend to them, has appointed Ben Sher as chief commercial officer.
With nearly twenty years' experience in the finance technology sector, much within capital markets prior to lending and asset finance, Ben brings a wealth of experience in growing technology businesses both in the UK and internationally.
Commenting on his appointment, Ben Sher said, “The lending and asset finance markets are at an inflection point of change. This is ultimately driven by a need for accessible liquidity and SME's desire to engage providers of finance in a frictionless, digital environment. I'm delighted to have joined Funding Xchange, where technology is driving innovation and change in this critical market. Exciting times lie ahead both for Funding Xchange and the market as a whole.
Chief executive of Funding Xchange, Katrin Herrling welcomed the appointment, “Ben is a key hire for Funding Xchange, bringing with him wide experience within the financial technology sector. As we expand the scope of the Funding Xchange platform and the portfolio of clients his contribution will be instrumental in continued growth in providing innovative technology to the SME market, lenders and brokers.”
Funding Xchange is an intelligent decisioning platform that transforms efficiency in SME lending. Working with over 50 lenders, the platform uses live data integrations to deliver tailored offers and receipt of funds within minutes, markedly improving businesses' access to finance, while increasing lender origination rates.
The business has recently been awarded a £5m allocation from the RBS Remedies Fund in partnership with Shawbrook Bank, Enterprise Nation and the National Association of Finance Brokers.