Nava will initially recruit five IT developers from a range of levels to help support the growth of its platform. The company secured authorisation from the Financial Conduct Authority earlier this year and will begin offering unsecured personal loans to UK borrowers in Q2 2017.

Chief Technology Officer, Andrew Jones, has more than thirty years’ experience in global financial IT services. Andrew will lead the team of developers in the ongoing development and testing of Nava’s platform. The new team employs high-demand skills including Java SE / EE 7, JBoss WildFly Application Server and Java Server Faces 2.2. 

Nava is built on deep credit analytics, which enables it to offer loans to a broader range of borrowers than many banks and building societies are capable and at more competitive prices. Nava was co-founded by Joseph Dlutowski, Abhai Rajguru and Richard Lee, who between them have over 75 years’ experience in financial services, particularly in consumer credit and early stage high-growth businesses.

Commenting on Nava’s expansion, Andrew Jones says that as an innovative, forward-thinking financial services business we want to attract the very best IT and fintech talent the UK has to offer. Building a presence in Milton Keynes will certainly help us to do that. From our research of the area we see a prevalence of skills including PrimeFaces JSF, HTML5 and Web-Services (Soap/Rest) which match the profile of people we shall be recruiting. 

The town has a highly skilled workforce and great transport links, which over recent years has helped Milton Keynes to establish itself as a leading technology hub. We already have a huge amount of expertise in the team and want to build on that with the next wave of appointments in our new technology development office.” 

Andrew continued: “This is a good opportunity for someone to join a growing sector in financial services, a recent report by think tank Cebr and Nava - The Perfect Borrower? - shows demand for personal loans is continuing to grow strongly.