Jason Ferrando named EasyMoney CEO as platform passes £200m
Jason Ferrando has been named EasyMoney’s new chief executive, taking over from Andrew de Candole.
De Candole has been chief executive of the platform since its launch in 2018. He is still a part of EasyMoney, although the details of his new role are not yet known.
Ferrando was previously head of lending at the firm, a title that he will continue to hold.
His appointment comes as the peer-to-peer property lender announced that it had passed £200m lending milestone, just six months after breaching £150m.
EasyMoney hit the £200m mark in mid-July, and since then it has added another £17m to its loanbook. To date, investors have earned £13.7m in interest payments alone.
Ferrando told Peer2Peer Finance News that the platform’s growth is due to “continuous” investor demand.
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“A continuous in flow of ISA transfers and regular account deposits coupled with professional investor capital has allowed us to fill our deal flow at a tremendous rate,” Ferrando said.
“We are now aiming to achieve the £300m mark in early 2023.”
Ferrando added that the property lender has a number of new products launching soon, as well as several tech updates. These include new updates to the mobile app, which will be made “very soon”.
Earlier this year, EasyMoney reported that it had more than doubled its profits and revenues between 2020 and 2021.
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