"Having somebody of Chris' calibre on the board, with his track record of building exceptional businesses, is a tremendous boon to Moula," said chief executive Aris Allegos.
"He has a genuine talent and a passion for this space. He 'gets' small businesses and the challenges they face and is a huge advocate for what Moula is trying to achieve - to help Australian SMEs grow via a simple loan application that is fast, affordable and responsible."
Moula was the first online lending platform to use Xero's API integration to analyse and underwrite a business loan.
Ridd's new fellow directors are Moula co-founders Aris Allegos and Andrew Watt, Sherman Ma (managing director of Liberty Financial) and tech entrepreneur Nathan Cher.