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With fresh £300m funding line CrowdProperty appoints new financial chief

Another new appointment for the property lender as it scales up.

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Steve Morgan/CrowdProperty.

More new faces at property lending platform CrowdProperty today, with the appointment of Steve Morgan as the alternative lender’s new chief financial officer.

Morgan joins from Weatherbys Bank, where he was previously head of finance, and will also join CrowdProperty’s risk committee and leading the company’s risk management.

“We’re working on a number of exciting business developments behind the scenes, and Steve’s 15 years’ experience of operating at MD level including traversing regulatory scrutiny in large, regulated businesses will stand the business in very good stead as we realise our growth potential,” said CrowdProperty CEO Mike Bristow on Morgan’s appointment.

His appointment comes just three weeks after the lender appointed Damon Walford as chief commercial officer, coming from financial services firm Swoop. Before that, he spent four years at SME lender ThinCats where he was chief development officer.

“Our focus is taking action to further step change the business in order to realise our potential quicker in our mission to transform property finance,” added Bristow.

Both appointments come after CrowdProperty raised £1.8m from crowdfunding investors on Seedrs in August and said it planned several more senior appointments throughout the year.

CrowdProperty also secured a £300m institutional funding line from a new unnamed UK asset manager in order to fund its expansion in the UK.

Meanwhile, the lender launched in Australia this May, led by Australian CEO David Ingram.

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