By Oliver Smith on Wednesday 18 September 2019
Hiring continues in sales, engineering and Bud’s tech team.
Bud, the financial technology startup which licenses its technology to banks including HSBC, has shed around 20 staff from its marketing team.
“We’re adapting our strategy to focus 100% on delivering value to business customers and that means we need some people with a different skillset to deliver it,” said CEO Ed Maslaveckas.
The company told AltFi that the staff changes are “primarily in the support functions of the business designed to ensure we can focus on the task at hand.”
Last month Bud added GoCompare’s roster of energy providers to its platform, allowing its banking clients to easily add energy switching to their own apps.
The company says its API marketplace will let customers use their banking data to quickly carry out a comparison between providers, then its Switching API will handle any changes that the customer might decide on.