Funding Circle, the UK-based peer-to-peer lending firm focused on small businesses, has appointed Bruno Tavares as its vice president of engineering.
Tavares brings more than 20 years of technology experience to the role.
He has “a clear track record of growing engineering teams and scaling products across a diverse range of sectors”, including digital healthcare (Elephant Healthcare) and sports streaming services (DAZN), according to Funding Circle.
Tavares joins Funding Circle as the fintech continues developing its multi-product, multi-channel offering to enable small businesses to “borrow, pay, spend—anytime, anywhere”.
New products include FlexiPay, a short-term finance product that enables businesses to spread any UK invoice over three months, and an embedded finance solution that allows partners to natively embed Funding Circle into their own website.
Commenting on the appointment, Swati Lay, chief technology officer at Funding Circle, said: “I’m really excited to be welcoming Bruno to the team. As we expand the set of products that we offer to small businesses, Bruno’s experience of scaling and nurturing great engineering teams will play an invaluable part in delivering on Funding Circle’s 2024 plan.”
Tavares added: “I’m delighted to be joining Funding Circle. I’ve been impressed with what the team has built: a technology platform that has allowed more than 120,000 SMEs access fast, simple finance. The future is even more exciting; these new products and tech capabilities will make a huge difference in the lives of small business owners, and I can’t wait to get involved.”