19 October 2017
visit www.response.ncr.com

Finstar appoints CEO to oversee new fintech investment unit

14 November 2016  |  4214 views  |  0 back of one dollar note 2

Private equity outfit Finstar Financial has appointed Mark Ruddock from Wonga to oversee a new corporate venture group that will look for opportunities in the fintech space.

Ruddock has been appointed as CEO of FinstarLabs, a special-purpose investment vehicle aimed at expanding the PE firm's fintech portfolio.

At Wonga, Ruddock was responsible for overseeing the company’s businesses outside the UK, including consumer lending operations in Canada, Spain, Poland and South Africa, its investment in the Scandinavian company Folkefinans, and its ecommerce business, BillPay, in Germany. Prior to that he acted as CEO of Canadian mobile startup Viigo, which was acquired by RIM (Blackberry) in 2010.

Nicholas Jordan, CEO of Finstar, comments: “Mark has the gravitas, expertise and sense of entrepreneurial spirit and adventure that will prove invaluable as we embark on a major investment programme to fund the most exciting fintech startups internationally. Mark’s appointment is part of a broader recruitment drive to identify the best talent in the industry to help build the Group’s global footprint in fintech.”

The private equity group, which lays claim to some $2 billion AUM, has this year already established strategic partnerships with Spotcap, an online lending platform for SMEs, Viventor, a peer-to-peer lending platform, Euroloan, a Northern European fintech company, and set up its own portfolio company, Digital Finance International.
KeywordsPEOPLE

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.capgemini.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15649 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8810 views comments | 16 tweets | 22 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7912 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7051 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6180 views comments | 6 tweets | 3 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job