Financial planning app Multiply has appointed a seasoned FinTech investor as chairman.
Jonathan Schneider has been appointed by the London start-up which launched in October 2018 and uses artificial intelligence and machine learning to create free personalised financial plans for Britain鈥檚 4.8 million freelancers and self-employed people.
Schneider will advise Multiply as it grows its user base from thousands to hundreds of thousands of users, as well as guiding the business as it scales its operations.
He brings deep expertise, having co-founded and invested in many successful FinTech and medtech start-ups including iwoca,聽the small business lender which announced a mammoth 拢150m equity and debt capital fundraise this week.
Jumo, a company that offers loans to the unbanked in emerging markets; and Ada Health, which opens up personalised healthcare to the masses.
鈥淎I is revolutionising the world of financial advice and Multiply is at the vanguard of this change, giving people a simple way to get on top of their finances and plan for the future,鈥� said Schneider.
鈥淚鈥檓 hugely excited to be part of a company that has such an important mission and the potential to own this space.鈥�
Vivek Madlani, co-founder and CEO of Multiply, said: 鈥淛onathan鈥檚 passion for solving everyday problems with FinTech makes him the perfect partner for Multiply.
鈥淲e鈥檙e delighted to welcome him on board – as we grow the business, his scaling expertise will be invaluable.鈥�