Marketplace lender Funding Circle appoints new CFO

By Ryan Weeks on Monday 3 July 2017

Alternative Lending

Funding Circle hires Sean Glithero as global chief financial officer.

Funding Circle, the world’s largest marketplace lending platform for small business loans, has appointed a new global CFO.

Sean Glithero (pictured) will join the company from another disruptive firm, Auto Trader, where he currently serves as chief financial officer. Glithero has been with the digital automotive marketplace since 2006, and acceded to the role of CFO in September 2012.

Glithero will take over from former Nomura boss Jeremy Bennett, who joined Funding Circle in the summer of last year. Bennett transitioned to a senior leadership role at the company later that same year, and is now focused on providing support to the capital markets team. 

News of the CFO change comes shortly after a number of senior hires in Funding Circle’s US business. The company announced a new US head of capital markets and US chief compliance officer late last week.

This latest appointment also coincides with the announcement of what Funding Circle is calling “record-breaking” figures for the first half of 2017. The UK business is said to have turned a profit during this period, with global lending increasing by 80 per cent to approximately £800m. The company has now passed the £3bn mark in lending globally.

“Over the last seven years, Funding Circle has cemented its place as the leading platform for small business loans globally,” said Glithero. “Similar to Auto Trader, their business model is digital and data-led and they have a collaborative culture for delivering the best results for their employees, customers and investors. I am looking forward to joining the team and supporting the business as it continues to build on its market-leading position.”

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