Alternative finance provider, Neyber, announced on Wednesday it has appointed former Zopa credit risk director, Paul Martin, as its new head of credit risk.
Martin has reportedly 25 years of experience in the financial service sector and has held credit risks roles in various companies including American Express and Sandander.
Neyber’s CEO, Martin Ijaha, stated:
“Neyber will greatly benefit from Paul’s expertise and understanding of the consumer credit sector. Paul brings unparalleled experience in one of the fastest growing segments of Fintech, having already driven a leading P2P provider towards achieving its first billion pounds in lending. He joins Neyber at a key point in its development and will underpin our growth strategy with an expert focus on risk management. Our senior management team will be enhanced by Paul’s arrival and we all look forward to the contribution that he will be bring to the company’s development over the coming months.”
Martin then added:
“I’m excited to be joining Neyber. I believe that it will irrevocably change the UK’s consumer credit landscape as a result of its revolutionary approach to credit risk management. This is borne out of a business model that focuses on lending to people in work and taking repayments through salary deduction. As a result of this Neyber can deliver loans at lower rates of interest, counter the punitive credit costs faced by families across the UK and boost financial inclusion.”
Neyber was founded by former Goldman Sachs investment bankers Martin ljaha and Monica Kalia along with financial technology executive Ezechi Britton. The company provides access to credit via an integration with an employer payroll and services system thus dramatically lowering lending risk while providing a service for employees.