Published

  • 01:00 am

New HR and Operations Features Help Small Business Owners Take Better Care of Their Teams, Stay Organized

Invoice2go, a one-stop-shop solution for small business owners and freelancers, announced today that its users can now access Gusto’s payroll and employee benefit features and Bench’s online bookkeeping service. Both are available through the Invoice2go Integrated Apps hub.

Gusto offers an integrated platform that automates HR, payroll, and benefits, and is trusted by more than 200,000 companies worldwide. Bench is America’s largest professional bookkeeping service for small businesses, making it easy to connect financial data, stay on top of monthly bookkeeping, and file taxes at the end of the year.

The common thread in these new partners is simplicity and productivity for small business owners, for whom time can be the most valuable commodity. As businesses begin to grow their employee and contractor base, having access to Gusto’s HR tools and services and Bench’s bookkeeping platform will save administrative time and energy so small business owners can focus on their passion and still take care of their teams and finances.

“As small business owners bounce back from the hardships of this past year, taking care of employees is going to be essential, now more than ever, to the health and success of a business,” said Mark Lenhard, CEO of Invoice2go. “Partnering with industry leaders like Gusto and Bench helps us to continually expand our offering to meet even more of our users’ business needs and better support their entrepreneurial endeavors.”

Through this partnership, Invoice2go users can seamlessly set up an account with both Gusto and Bench directly through the Invoice2go Integrated Apps hub, with users offered a 30% discount for their first three months of Bench’s service and first month free for Gusto’s service. While in Gusto, whether setting up benefit deductions, creating payroll cycles and reporting, or calculating payroll taxes, users can quickly jump between tasks via a single customizable and intuitive platform. With Bench and their expert human bookkeeping teams, users get easy bookkeeping and tax filing. Invoice2go users can get started at https://bench.co/partner/invoice2go/, receiving 30% off their first three months following a free trial.

“We were inspired by Invoice2go’s commitment to helping small businesses succeed and are excited to provide small business owners and employees the peace of mind they need to do their best work,” said Somrat Niyogi, Head of Partnerships at Gusto. “By joining forces with Invoice2go, we can help small businesses scale successfully and thoughtfully manage their hardworking teams.”

“With Invoice2go, we see a partner aligned with our mission to make a profound difference in the lives of small business owners,” said Ian Crosby, Bench’s CEO. “Invoice2go and Bench present a unique combination of services enabling entrepreneurs to effectively run and grow their businesses, and ultimately thrive.”

This new integration builds upon Invoice2go’s recent feature expansion, giving its users access to more resources to make their lives simpler through a comprehensive platform. Gusto and Invoice2go recently announced plans to build an embedded payroll experience through Gusto Embedded Payroll, with more details to be announced later this year.

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  • 09:00 am

Backbase, an Engagement Banking technology provider, announces today that it has partnered with eToro, a multi-asset investment platform that empowers people to grow their knowledge and wealth, to enhance eToro’s digital onboarding capabilities and back-end compliance infrastructure. The collaboration will see eToro adopting Backbase’s Digital Sales solution to deploy a fully digital and seamless account opening experience across its global user base, as well as a new Know Your Customer (KYC) architecture to better support the platform’s growth and compliance across the full customer lifecycle.

With customers from more than 100 countries, eToro operates in a highly regulated global industry which does not have a unified approach to rules and regulations. As eToro tailors its offerings, products and services to the regulatory requirements and limitations of each of the jurisdictions within which it operates, it required a technology partner with a robust global presence and sophisticated architecture to allow the platform to continue to grow exponentially – while providing state-of-the-art security and global compliance support. Backbase’s Digital Sales solution advances these goals by meeting KYC and other compliance needs for both new and existing eToro users, in addition to providing back-office support through its Case Manager solution so that eToro users are able to register and invest on the platform with minimal friction.

Backbase’s Digital Sales solution will be deployed via Microsoft Azure – ensuring that, as eToro grows, its digital architecture will be able to scale alongside it. Operating in a cloud environment will allow Backbase to rapidly deploy new product features and updates to help eToro stay fully compliant with evolving regulatory requirements on an ongoing basis.

Israel Kalush, Vice President of Engineering at eToro, comments: “Our mission is to open the global markets so that everyone can trade and invest in a simple and transparent way. Since our founding in 2007, innovation has been in our DNA and we require partners whose technology can scale with us. eToro is growing rapidly – we added over 5m new registered users in 2020 and a further 3.1m in Q1 2021 and we’re looking to Backbase to support us as we continue this expansion. Best-in-class KYC provides peace of mind for our users as well as the global compliance standards we need as a regulated broker. Through our collaboration with Backbase, we look forward to bringing our customers a first rate, frictionless onboarding experience that ensures we are fully compliant in an ever-evolving regulatory environment.”

Matthijs Eijpe, Regional Vice President, EMEA, at Backbase, adds: “We are thrilled eToro chose us to support their vision of building a scalable, future-proof onboarding architecture. eToro are true fintech pioneers, and their decision to work with us is a testament to Backbase’s commitment to – and success in – building innovative technology solutions that support our customers’ near- and long-term growth ambitions while still centering the end-user experience.”

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  • 07:00 am

NiyoX records 500,000 customers’ milestone in just 150 days

NiyoX – a 2-in-1 wealth plus savings account powered by India’s leading digital banking fintech - Niyo is seeing tremendous traction among the millennial population with one NiyoX digital savings account being opened every 30 seconds. This has led to the digital banking fintech on-boarding 500,000 customers within 150 days of its launch. The gaining popularity of digital banking services among millennials can be witnessed from the fact that over 82% customers of NiyoX are below 35 years of age. The convenience and accessibility provided by such products holds increased importance among this population thus making them the early adopters.

Since its launch, NiyoX has seen more than one crore transactions. With more than 50% of the transactions on the app being done via UPI, highlights the growing demand of the payment option among the digitally-savvy millennials. According to NiyoX, the top categories where customers spend the most include food delivery, ecommerce and entertainment.

NiyoX has also emerged as a popular option among millennials for their investment requirements. According to Niyo’s internal data, the average ticket size of the SIP investments for a NiyoX customer is INR 2000. Small-Cap Funds, ELSS and Index Funds are the most popular mutual fund categories.

Commenting on this achievement, Niyo’s co-founder and CEO Vinay Bagri said, “At Niyo we are committed to making banking simple while adding value to the users are every step i.e. On-boarding, transactions, fund transfers, chat besides our popular 007 offering. This is just the beginning as we add more features and products to delight our users. Half a million accounts is a humbling milestone and motivates us to work harder to ensure great banking experience for all.”

Although NiyoX has on-boarded customers from almost all states and union territories in India, the digital banking platform has seen 58% adoption from metro cities as compared to 42% adoption from non-metro cities. The top 5 cities with maximum customer base for NiyoX are Delhi, Mumbai, Kolkata, Hyderabad and Bangalore. 35% of the customers on-boarded NiyoX for its industry-high 7%* p.a. interest rate feature, followed by 25% customers who were driven by the 2-in-1 account facility as well as the ease of banking provided by the platform. 20% of the millennial customers joined the platform for its 0% Commission on mutual funds and zero balance savings account features.

Virender Bisht, Niyo’s co-founder and CTO said, “We have witnessed a tremendous response for our product since the time of its inception. The demand for a safer, better and faster banking experience is now more than ever and we at Niyo are trying to fulfil just that. We have tried to create a power-packed product with multiple features to provide a seamless banking experience to our customers. Our product lives up to the promise of instant digital on boarding with customers being on-boarded as fast as under 100 seconds. We plan to keep adding multiple layers to this product in the future, thus making NiyoX a one-stop solution for every individuals’ banking needs.”

It is interesting to note that Tuesday’s and Friday’s are the days when Niyo is witnessing the most activity on their platform.

Niyo was the first consumer neo-bank to go live in India with NiyoX - a state-of-the-art mobile banking solution for millennials in partnership with Equitas Small Finance Bank and Visa. NiyoX account provides access to a full wealth management suite besides the savings account. The comprehensive wealth management suite powered by Niyo Money offers zero commission mutual funds, facility to track all your investments at one place, robo advisory and a feature that analyzes your investment, savings and expenses. Niyo will soon launch exciting products like Invest the change, Zero Forex Markup and Salary rewards.

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  • 08:00 am

Fraudsters targeting general accounts to facilitate criminal behaviour

New technologies such as Machine Learning helping businesses identify more fraud

New research from Experian has revealed that bank account fraud is now tracking at its highest level for more than three years. Drawing on the latest data from the National Hunter Fraud Prevention Service, the analysis uncovered an alarming surge in fraudulent activity targeting British businesses and consumers.

  • The fraud rate for current accounts rose by 13% in Q2* compared to the previous quarter and was up 24% when compared to the same period in 2020.
  • Confirmed fraudulent openings for savings accounts rose by 170% - the fraud rate now being three times the rate in the previous quarter and five times when compared to the same quarter last year.
  • Loan fraud rates rose also by 40% in Q2, its highest reported level in the last three years, and up 63% on the same period last year.
  • First-party fraud related to loans - where an individual gives false information or misrepresents their identity to access a product on more favourable terms - also rose by 18%.

Eduardo Castro, Head of Identity and Fraud Experian UK&I, said: “Fraudsters assume opening a savings or current account is a relatively straight-forward process and then use them to receive and quickly distribute illegally-obtained funds, as well as giving them access to other financial services offered by the bank or building society they’ve selected.

“Both consumers and businesses need to be made aware of the threat that scams pose. Our analysis serves as a warning that fraud prevention should be a priority for all organisations.”

The rise in rates can also be attributed to financial services’ fraud teams using a sophisticated combination of new technologies such as Machine Learning to successfully identify and prevent fraud.

Lenders, for example, can also better accurately assess a person’s suitability for a loan at the point of application, thanks to improved affordability capabilities, rather than relying what is claimed by the individual on the application form.

Castro adds: “New technologies are helping firms to flag potentially fraudulent activity right at the beginning of the application and account opening process. Meanwhile, customers are becoming increasingly comfortable using sophisticated security methods such as physical biometrics and facial recognition, and pin codes sent to mobile devices to verify their identity.

“Businesses which can deploy these means of verification will feel the benefit of both assuring their customers they take security seriously and knowing that who they are dealing with are who they say they are.”

Jim Lewis, Managing Director of National Hunter Ltd, said: “It is encouraging that users of the National Hunter service are continuing to detect and prevent fraud, in the face of more fraudulent activity. Even more so when you consider that many organisations have had to completely change their working practices during the pandemic. We are continuing to onboard new members into our data sharing community and it’s more important than ever that we work together to fight fraud.”

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  • 09:00 am
  • The use of contactless payments is set to make up 47% of all UK payments between 2021-2022, and will be the most common type of transaction
  • Contactless payments are up by nearly a third (30%) since the start of the pandemic, when chip & pin payments were still the most popular way to pay
  • Between 2021 and 2022, cash payments will account for just over one tenth (11%) of all purchases
  • Forecasts show almost three quarters (72%) of payments will be made by card within the next year

Contactless spending is expected to account for almost half of all transactions by the end of 2022 (47%), as it becomes the most popular payment method for the first time, according to new research.1 

The VoucherCodes.co.uk Life after Covid: Prospects for online retailing, physical stores and how we pay report, carried out by the Centre of Retail Research (CRR), examined the pandemic’s effect on the way UK shoppers pay for goods.  

The study shows that pre-pandemic in 2020, chip and pin was the most popular payment method, accounting for over a third (37%) of all transactions in the UK. During the same period, only 17% of all payments made were contactless. However, between 2021-2022, chip & pin payments are forecast to decline to just 25% of all purchases and cash payments will see a sharp decline, accounting for just over a tenth (11%) of all payments by the end of 2022. 

The switch, which will constitute a 30% increase in contactless payments from pre-pandemic to the end of 2022, was accelerated by changing consumer and retailer behaviour when it comes to paying for goods during Covid-19. Shoppers swapped cash for card for hygiene reasons, many retailers also stopped accepting cash altogether, and the contactless payment limit increased from £30 to £45. 

Looking ahead to next year, card payments are expected to account for almost three quarters (72%) of all transactions. 

Breakdown of preferred payment methods amongst UK shoppers  

Year 

Cash 

Chip & Pin 

Contactless 

Cheque 

Bank Transfer 

2019 - pre-pandemic 2020 

26.60% 

36.50% 

16.80% 

3.1% 

17.00% 

2021-2022 forecast 

10.90% 

24.90% 

46.70% 

1.70% 

15.80% 

Anita Naik, Lifestyle Editor at VoucherCodes.co.uk, commented: “Covid-19 has forever changed the way consumers spend their money. With exponential increases in online orders during the pandemic, combined with increased contactless limits and retailers implementing cash bans, people have quickly adapted to relying on contactless payments for the bulk of purchases as a result.   

“It remains to be seen whether the government will amend laws relating to legal tender, enabling retailers to permanently refuse to accept cash if they wish.  

“Ultimately, only time will tell, but in the immediate future, whereby cash was once key, contactless is our future.” 

For more details, the Life after Covid: Prospects for online retailing, physical stores, and how we pay report can be found here: https://www.vouchercodes.co.uk/savings-guides/guides-reports/life-after-covid-prospects#online-retailing 

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  • 05:00 am

Seaglass Cloud Technology, an end-to-end, software-as-a-service (SaaS) provider to the energy sector, has developed a scalable and future-proof, full-service customer management system for Omni Energy, helping it to provide a responsive and highly-efficient service to domestic pay-as-you-go (PAYG) energy customers.

Omni Energy specialises in the PAYG market, where consumers top up energy via Omni’s app, online portal or physical card or key – a market it believes is under-served within the energy supply industry.

“These customers are perceived as too complex, and do not get offered forward-thinking products or account management,” says Gary Bartlett, CEO at Omni Energy. “Our sole purpose is to make pre-payment better.” 

Seaglass’ end-to-end, cloud-based solution includes automated SaaS systems that streamline customer risk calculations, data migration, onboarding, supplier switching, customer communications and billing.

As a cloud-native business, the Seaglass system is innately configurable and includes system updates resulting from regulatory changes as part of its standard offering. It is helping Omni Energy, for example, in offering its customers faster and more reliable switching in line with Ofgem’s Switching Programme.

Charlie Hewson, Omni’s Operations Director,  says the Seaglass system allows them to more efficiently serve customers: “When a customer calls us, all of their details are at our fingertips – their meter readings, when they last topped up, how much energy they used, etc. That enables us to deliver the correct action for our customers – at the right time.

“For all honest consumers it provides the ‘wow’ factor in customer service, and for anyone trying to game the system – our access to live data makes it much more difficult.”

Omni Energy opted for the Seaglass system following a demonstration of its capabilities: “It was clear that it was in a league of its own,” adds Gary. “Because it is scalable and future-proof in its nature, it will grow as we grow – enabling us to easily add new services for more customers. Whereas other systems have just a three-year lifecycle before the need to upgrade to accommodate industry changes such as the coming mandatory half hourly settlement, with Seaglass the functionality is already built in.”

Gary concludes that the system ticks the required boxes: “Its forecasting and risk management capabilities also set it apart, enabling us to intelligently predict energy usage and interact with the market.

Alex Troth, Commercial Director at Seaglass Cloud Technology, says the business builds systems in partnership with its customers: “Ultimately it has been built to help Omni Energy deliver the same or better service to PAYG customers that other energy consumers enjoy. At the same time being easy to implement, reducing the cost to serve and enabling Omni to take on more customers while managing the risk of doing so.”

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Fintechs: How to get BIN Sponsorship Right

Noel Smith
Business Development Director at Transact Payments

The pace of product development has never been quicker in the financial sector, with the number of fintech companies see more

  • 09:00 am

~ Shares.io today announces the next stage of its journey to deliver “investing made social” as waitlists open for UK launch in Autumn, expected Europe-wide early 2022 ~ 

~ One of Europe’s largest-ever seed rounds, $10 Million USD pre-product and previously unannounced funding also revealed, to build social-first consumer app with no-minimum, no-fees access to 1,500 stocks ~ 

~ Serial entrepreneur, CEO & Co-Founder Benjamin Chemla, with Shares’ team of Founding and Scaleup Veterans, pioneer a whole new investing app category to challenge the fast-growing fintech space ~

 ~ VC backers include Singular (lead investor) and Peter Thiel’s Valar Ventures, early investor in Fintech Unicorns N26, Wise, and Bitpanda. Strategic advisors include a Co-Founder of Freetrade, ex C-Suite Exec of Société Générale and early stage veteran of Uber ~

Shares.io today announces the next stage of its journey to deliver “investing made social” and invites subscribers to join the waitlist for the Autumn launch of the Shares app in the United Kingdom, anticipating delivery across Europe in early 2022. Shares, the consumer mobile app and social-first platform for retail investors, designed from the ground up with user experience and community in mind, gives no-minimum, no-fees access to 1,500 stocks. Waitlist is now open to subscribers, who will be the first to access Shares on day one of launch.

Founded early 2021, Shares has already achieved one of the largest-ever seed fundraises by an early stage startup in Europe, raising $10 Million USD in the first, pre-product seed round alone. Key VC & Angel support vindicates Shares will quickly become a category winner led by CEO & Co-Founder Benjamin Chemla, serial entrepreneur with a track record that includes co-founding Stuart in 2015. Six years later, Stuart is the European leader in last-mile logistics, continues its rapid growth trajectory and employs more than 600 people. 

The Shares Co-Founders and Benjamin, CEO have quickly assembled 35 experienced scaleup veterans to-date, ready to launch Europe’s first fully integrated social and investing app in less than a year. In addition to accelerated product development, Shares will quickly go-to-market in a highly regulated industry and comply with requirements that include KYC, AML and MAR. The startup will use its recent fundraise to continue to scale at pace on a mission to empower users with tools that open doors to first-time investors and increase financial inclusion.

Shares is creating a whole new investing app category where anyone, including new investors can start conversations, network and learn from friends and experts as a community - together in a one-stop shop with all their portfolio management needs. Shares becomes a market-leading app with low barriers to entry, including access to invest from £1.00 GBP - and no trade fees - across 1,500 US stocks. The Shares app will truly democratise investing with a serious finance platform that inspires confidence for any user to build their own successful portfolio.

Designed to be social-first, Shares combines the functionality of a consumer investment app with the wisdom of online forums, where members can buy stocks, react to the market in real-time, start conversations with friends and access curated expert advice in one place. In addition to the Invest platform, Shares enables community and private Chat to network, learn, track friends and grow individual portfolios (as well as make Group stock indexes with Friends) from the app. Additionally, Shares’ curated market intelligence feed, Spotlight, allows Shares members to build their financial awareness and educate themselves about investing, the biggest industry trends and offer supportive guides on tax, regulation and compliance.

Benjamin Chemla, CEO & Co-Founder of Shares describes the product as an “entirely new category of fintech investing platform that resonates with today’s investors. We founded Shares, ‘investing made social’ for investors who prioritise user experience and community first, and also expect a serious platform to build their portfolio.” He added: “Building Shares wouldn’t have been possible without the seasoned team of scaleup experts we’ve assembled across the business to achieve this product, in record time, without sacrificing quality. There is still untapped market opportunity in this high-growth fintech space and Shares is uniquely positioned as Europe’s first social and investing app to fast become a leader in the industry. 

Shares has grown quickly since being founded earlier this year by winning early VC & Angel investor backing plus a slate of top-tier business advisors. The first seed round raised $10 Million USD, pre-product from Singular, Valar Ventures, André Mohamed, Co-Founder of Freetrade and others who share the view of the market opportunity for a unified platform that combines investing, social and expert advice into one app. Shares is a proudly international and fast growing team of 35 today, representing 10 nationalities based across three offices in Paris, London and Krakow so far. Talent has been drawn from leading scaleups including Revolut, Stuart, Bumble, and FreeNow with diverse expertise applied to build the one-of-a-kind Shares app. 

James Fitzgerald, Founding Partner at Valar Ventures and VC supporter of Shares said: Valar invested in the team at Shares with confidence in their ability to overcome the technical challenges and execute the project in a matter of months to get to market. Congratulations to Shares for executing the launch of Europe's first social-focused investing app - a feat of engineering, finance and regulatory know-how.

André Mohamed, Co-Founder of Freetrade applauds the vision, adding: “Shares is completely different to first-generation fintech investing platforms and social - notoriously complex - has been exquisitely built into the app. By packaging what everyday traders do online into one platform, Shares is going to revolutionise how social is used for support and guidance - that’s taken to the next level with this app launch - not to mention the product roadmap ahead.”

Shares’ VC & Angel investors include Singular (lead investor), Valar Ventures, Global Founders Capital and Red Sea Ventures to date. André Mohamed, Co-Founder of Freetrade, Didier Valet, ex Deputy CEO of Société Générale, Chris Adelbach, Managing Partner of Outrun Ventures & UKBAA Angel Investor of the Year, and Ryan McKillen, Founding Team of Uber are currently business advisors.

Shares.io welcomes all traders, from market influencers, to experienced and first-time investors to a completely new way to invest, learn and build community - join the waitlist. Watch for Shares’ Autumn launch in the UK, to be made available in the Apple and Google app stores. Shares expects full roll-out across Europe in early 2022.

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  • 08:00 am

·       Open Banking technology could reduce processing times on borrowing applications by 85%, according to new research from Yolt Technology Services (YTS)  

·       Innovation could replace average two-week wait times from application to payment by cutting out application bottlenecks  

Lenders could see the time they spend processing the average loan reduce by more than 85% with the adoption of Open Banking technology, according to research from Yolt Technology Services (YTS), one of Europe’s leading Open Banking providers1

At present, lenders process an average of 6,258 loans a year, with each single loan taking 3.5 hours for the business to process. Over the course of a year, the average lender will invest £530,053 into loan processing, accounting for staff time and administration costs. From initial application to payment, this takes an average of 16 days, largely due to bottlenecks caused by applicants as they assemble the necessary proof to complete the process.  

However, the adoption of Open Banking technology could significantly reduce these stressors on the efficiency of lenders. Using Account Information Services (AIS), manual processes requiring applicants to provide information such as complex, unstructured income and expenditure data are no longer necessary, which could see the current 16-day wait-time evolve into a process of mere minutes. YTS, for instance, offers customers its Cashflow Analyser tool, giving credit underwriters deeper insights into the cashflow of credit applicants and customers to streamline and simplify affordability assessment processes.  

At the same time, Open Banking allows lenders to cut out manual verifications, reduce costs and offer an instant credit decision with fewer human errors. With these innovations, lenders can save approximately 18,000 work-hours annually2

“Both lenders and applicants want a frictionless process from application to decision to payment, however the current system that requires the manual intervention by both parties is both inefficient and frustrating. Through the power of open banking, relevant data is automatically uploaded and processed, saving time for both parties and reducing the risk of decisions made in error”, says Jack Tenwick, Head of UK Sales, YTS. “For lender businesses, this means that not only can they offer a superior customer experience but that their own capacity for growth is greatly increased. As we anticipate a greater number of businesses looking to invest in potential growth as we emerge from Covid, this will allow lenders to meet that demand and remain competitive.” 

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  • 05:00 am

TotallyMoney, the credit app built to help people move their money forwards and achieve their financial goals, is excited to announce the appointment of Liz Afolabi as its People Director. 

  • Liz joins from People & Culture consultancy Unleashed, where she supported a number of high-growth startups to create thriving businesses and great places to work 
  • TotallyMoney is Best Companies’ fifth best place in financial services to work, with a three-star accreditation that reflects 'world class' levels of workplace engagement
  • With Liz’s appointment, TotallyMoney aims to supercharge its hiring plans, aiming to grow the team by 19% in 2021

The fintech continues to scale as it approaches four million customers, and has a focus on continuing to attract the very best people to further develop its award-winning app.

Moving TotallyMoney forwards

Based in London’s Old Street tech hub, TotallyMoney is building a product that genuinely helps its customers improve their finances. The company believes this is only possible with a great culture and an engaged, ambitious workforce. 

TotallyMoney has almost four million customers and is rated as 4.6/5 on Trustpilot – making it the UK’s top-rated credit report provider. Its service has also been recognised by the industry, crowned Best Credit Report Provider by Moneynet four years running.

The company aims to be one of the best places to work in the UK. It was ranked as the 34th best mid-sized company to work for by Best Companies, as well the fifth best in finance across the UK, and is officially a world-class company to work for.

The 2021 Best Companies survey found that 95% of TotallyMoney’s staff agreed that they “loved working for this organisation” and 92% agreed that “this job is good for my own personal growth”.

From Unleashed, to TotallyMoney

Liz Afolabi joins TotallyMoney’s management team from Unleashed, where she spent two and a half years building productive, engaged and high-performing teams for a number of UK and international businesses.

Many companies have benefitted from Liz’s experience, knowledge and skills, including Suvera, SimplyCook, Columbia Lake Partners, Healthily and Decoded. Additionally, Liz has coached leaders and founders on how to effectively develop, mentor & motivate high-performing teams. 

Liz is an ICF certified Leadership & Personal Coach, has a qualification as a Mental Health First Aider, and is currently studying towards a postgraduate degree in Coaching.

Liz’s key responsibilities will include TotallyMoney’s People strategy and all aspects of the employee experience, helping the business on its goal to be the best place to work.

On her appointment as People Director at TotallyMoney, Liz Afolabi said: 

“I’m delighted and excited to be joining TotallyMoney and to be working with such a wonderful and award-winning team. 

“TotallyMoney’s mission to help people move their money forwards so they can achieve their financial goals really resonates, and I’m looking forward to enabling the team — so they can support even more customers as the business embarks on this exciting phase of growth.”

TotallyMoney CEO, Alastair Douglas, comments: 

“I’m delighted that Liz is joining TotallyMoney as People Director as we supercharge our hiring and growth plans for the rest of 2021 and into 2022. It comes at a very exciting time, following our recent 3 Star accreditation from Best Companies.

“I fully believe that building a great product for our customers starts with having a world-class working culture and employee engagement. I believe Liz is the person to achieve even better things for us going forward.

“We are eager to see how Liz makes the role her own and excited to see the impact she has on our mission to help our customers move their money forwards.”

Images: here 

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