Peer to peer lender, eMoneyUnion, announced this week the appointment of KPMG’s Derek Zissman, Bartle Bogle and Hegarty’s Sir John Hegarty and venture capitalist Tom Teichman to it team. As part of that appointment, the three will also be making a six figure investment.
Founder of eMoneyUnion, Lee Birkett stated:
“This is a real coup for the business. It is testimony of our credibility and opportunity that we can bring such great people to be part of the Union.”
Peer to peer lending is predicted to become a £45BN billion market on the back of government incentives, new legislation, technology and of course a real consumer appetite for better value and experience.
Zissman explained:
“It seems to me that there is huge demand for new ways of borrowing and lending and eMoneyUnion has the credentials to make a success of this exciting opportunity”.
Hegarty said:
“We are always looking for business and brands to disrupt the market just as Spotify transformed music buying and Uber transformed car transport. I can’t think of a market more ripe for disruption, nor a company better placed to do it.”
Birkett noted:
“We can do everything traditional banks and building societies can do, only better. We are there to serve borrowers and lenders, not sell to them. If we can make sure they can help each other easily, we can become the new financial co-operative movement.”
The team means eMoneyUnion has three key parts of the mix needed to succeed – financial knowledge, industry credibility and marketing expertise.
Teichman added:
“We liked eMoneyUnion of all the P2P players we met because they felt the most financially savvy and experienced. Derek’s credentials demonstrate that. I think they liked us because we have the marketing savvy. It’s the perfect union.”