MarketInvoice announced the appointment of Shaun Alexander as Head of Risk on Monday, poached from international bank Santander.
Alexander joins the fintech company after a career in credit risk management in several global banks, including Barclays where he worked for 22 years in various credit risk roles. In 2008, Shaun joined Banco Santander, becoming the Head of Risk for Asset-Based Lending to manage credit risk across the invoice finance and asset finance product range.
Of his decision to move to MarketInvoice, the world’s largest peer-to-peer invoice platform, Alexander said: “For too long, as I have witnessed first-hand, the status quo in risk management has gone unchallenged. Much more can be done with the available technology to drive and enhance the quality and speed of risk decisions for UK businesses. MarketInvoice is not only challenging but driving the change in fintech to deliver a best-in-class risk function in business finance. I will look to adopt the latest technology in evolving our risk models and credit management to achieve MarketInvoice’s ambitions.”
MarketInvoice was launched in 2011 and is based in London and Manchester, allowing small and medium-sized businesses to borrow money using unpaid invoices as security against loans. Since its inception it has provided over £1.1 billion in funding to thousands of UK businesses, helping overcome the lengthy payment terms of their customers.
Ilya Kondrashov, COO and co-founder of MarketInvoice commented: “We have been steadily strengthening our management team over the past 12 months and Shaun’s addition enhances our team further. He brings over 30 years of experience from the conventional lending institutions. Shaun understands the business finance needs of companies of all sizes.”
“As we grow, in handling the scale and volume of interest in the business, it is imperative that we have the resources to deliver on our customer promise whilst delivering the highest quality risk tools. As such, adopting the latest technology is key to driving success.”