Monday, 01 August 2016 10:41

Ridd joins Moula board

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Former Xero managing director Chris Ridd has joined the board of small business lender Moula.

"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.

"There is an opportunity to help support the continued success of small businesses. Lending based on the strength of accounting data is a unique point of differentiation in the market, and one that is the way of the future for finance-as-a-service," said Ridd.

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.

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Stephen Withers is one of Australia¹s most experienced IT journalists, having begun his career in the days of 8-bit 'microcomputers'. He covers the gamut from gadgets to enterprise systems. In previous lives he has been an academic, a systems programmer, an IT support manager, and an online services manager. Stephen holds an honours degree in Management Sciences and a PhD in Industrial and Business Studies.

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