Trade Ledger underpins ambitious expansion plans with new senior appointments

LONDON, 30 June 2021 — Trade Ledger, the global technology provider for the commercial banking and financial services industry, has announced three senior appointments, further underpinning its ambitious expansion plans. Already in 2021 the company has announced major customer wins and secured further funding.

Jarrad Hubble joins in a new role of Chief Revenue Officer for Trade Ledger’s global operations. Rikard af Ekenstam has been appointed as Managing Director, Europe, also a new role for the fast-growing business. A third new role has been created to underpin Trade Ledger’s APAC growth ambitions: Alan Beattie has been appointed as Executive Director, APAC.

Jarrad’s focus is on building up the global sales and business development functions at Trade Ledger. He brings a wealth of both traditional financial services and FinTech experience. Most recently Managing Director at NatWest Markets, he oversaw the £250m international payments business, developing solutions for many of the world’s largest ecommerce marketplaces. Previous to that, Jarrad was head of the commercial function at Currencies Direct where he grew business-to-business services from infancy and expanded the company across the globe.

Jarrad’s strength lies in delivering global expansion of digital businesses, across both the FinTech and Tier 1 banking sectors. This experience, drive and culture makes him ideal to play a key role in Trade Ledger’s next stages of growth.

Rikard af Ekenstam’s experience, encompassing both the banking and research arenas, adds another important facet to the Trade Ledger executive team, with a particular focus on growing the company’s footprint across Europe. Prior to joining Trade Ledger, Rikard was Managing Director at OakNorth, the UK based bank and tech company backed by GIC and SoftBank, focusing on business development and corporate development. Before that he held leadership positions within commercial and investment banking, including Head of the Nordic Region for Mizuho Bank, Head of the EMEA region for Moody’s Analytics Knowledge Services, and Head of New Markets for ABN AMRO Bank.

Supporting Trade Ledger’s global ambitions, Alan Beattie brings a wealth of international financial services experience, underpinned by strong strategic thinking. He spent 25 plus years with HSBC in a variety of senior executive roles including as Global CEO of Private Wealth Solutions, Regional Head of Commercial Banking in Latin America, and Deputy CEO Europe. Alan also has extensive experience in Venture Capital and early-stage growth businesses.

Martin McCann, co-founder and CEO of Trade Ledger, said:

The appointment of Jarrad, Rikard and Alan into these new positions in our executive team gives us the strength and depth to drive our international expansion as well as, importantly, improving access to finance for SMEs and mid-market corporates globally. Jarrad will work closely with me on continuing to strengthen Trade Ledger’s position as a trusted global lending technology brand. Rikard’s extensive experience in banking and analytics research coupled with long established relationships with financial institutions will help us build our presence throughout Europe. And Alan’s wealth of experience in financial services will be valuable in growing our footprint globally.”

Trade Ledger’s platform has a lending-as-a-service (LaaS) capability, supporting secured and unsecured lending, to unlock all types of working capital and business lending products for businesses that otherwise find access to finance difficult.

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About Trade Ledger

Trade Ledger was founded in 2016 to help the financial services sector reimagine complex business finance for SMEs and mid-market corporates in the digital economy.

The lending-as-a-service (LaaS) platform supports all secured and unsecured business lending products, transforming data sources from the supply chain into actionable insights and tasks. This enables the right lending products to be created and offered at the right time, over the right channel, quickly, at low risk. Its clients boost their profitability, realising on average a 60% origination cost reduction, a 50% reduction in dropouts and loan book growth potential of over 100% through embedded finance.

Backed by venture capitalists Point72 Ventures, Foundation Capital and Hambro Perks, and other notable investors such as Court Lorenzini (founder of DocuSign), Trade Ledger is currently scaling globally to accommodate a fast-growing client base of global trade banks, regional and national banks, and alternative finance providers. To date it has raised £16.6 million.

Trade Ledger was awarded LendTech Initiative of the Year 2020, Lending Platform of the Year 2019, and Startup of the Year 2019.

To find out more about Trade Ledger, see www.tradeledger.io

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