Funding Xchange appoints Ben Sher as chief commercial officer

It uses live data integrations to generate offers to speed up access to finance and increase lender origination rates.

It was recently awarded £5 million from the RBS Remedies Fund, Shawbrook Bank, Enterprise Nation and the National Association of Finance Brokers.

Sher (pictured) said: “The lending and asset finance markets are at an inflection point of change.

“This is ultimately driven by a need for accessible liquidity and SMEs’ desire to engage providers of finance in a frictionless, digital environment.”

Funding Xchange chief executive Katrin Herrling said: “Ben is a key hire for Funding Xchange, bringing with him wide experience within the financial technology sector.

“As we expand the scope of the Funding Xchange platform and the portfolio of clients, his contribution will be instrumental in continued growth in providing innovative technology to the SME market, lenders and brokers.”