UK lender Fluro hires new CTO and data science head
UK consumer lender Fluro, formerly known as Lending Works, has appointed a new chief technology officer (CTO), Jason de Carvalho, and a new head of data science, Tommy Fennelly, as it looks to boost its ongoing growth.
The firm, which is at a “critical juncture” according to CEO Nick Harding, utilises a “sophisticated” tech stack and partnership integrations to provide unsecured personal loans to UK consumers via price comparison sites and API-based embedded finance partnerships.
Established in 2014, the company was acquired by private equity firm Intriva Capital in 2020 and has been freshly rebranded as Fluro.
Fluro’s new CTO Jason de Carvalho joins from online supermarket Ocado, where he spent more than 11 years leading the development of the firm’s logistics, supply chain and micro-fulfilment software.
At Fluro, de Carvalho will be tasked with developing the company’s loans platform, with the aim to ensure that more than 90% of loans are fully automated and credit decisions are made within 10 seconds.
New head of data science Tommy Fennelly previously worked for US tech firm IBM and brings “vast experience” in delivering analytical and data science projects, Fluro says.
His appointment will allow the Fluro team to “turbocharge” its data initiatives, ensuring data science, machine learning, analytics and data engineering continue to play a key role in the company’s offering.
Fluro says its team has grown by 84% over the last 12 months, with 36 new hires and new appointments from senior roles at leading organisations, including Lloyds Banking Group, TSB, Experian, Hogan Lovells, Wells Fargo and Thomson Reuters.
Earlier this month, the company announced a £200 million financing partnership with European banking group BNP Paribas as it looks to “significantly expand its balance sheet”.