Share page with AddThis

News

Former Hargreaves Lansdown IT director joins micro-investing firm

14.10 handshakeThe former IT director of Hargreaves Lansdown and the former UK managing director of eToro have been recruited by micro-investing platform Wombat to serve on its advisory board.

The UK-based startup has made the appointments in preparation for a Series A funding round and a European launch.

David Davies is currently CEO at fintech startup Navos Technologies having left Hargreaves Lansdown in June 2020.

Iqbal Gandham served as UK managing director of social trading platform eToro from 2016 until June 2020 and is currently the UK managing director of Ledger which provides security for digital assets and cryptocurrencies.

The pair have been hired on three year advisory deals joining a board that includes fintech investor Chris Adelsbach.

Wombat hopes to raise £10 million from its funding round which will be used to finance its European expansion plans.

Launched in 2019, Wombat currently has 160,000 users on its platform which offers access to stocks, curated funds, fractional shares and ETFs.

“The Series A funding round will support our initial expansion into Europe and help us launch and market some exciting and unique new products and features,” said Wombat CEO and co-founder Kane Harrison. “[Davies and Gandham’s] counsel will be invaluable as we continue on our journey.”

© 2021 fundsTech

Most read features

Roundtable: New age thinking

Our panel of experts discusses the state of innovation in the industry and whether technology and the pandemic have created a once-in-a-generation opportunity to change. Chaired by Nicholas Pratt.

Cryptocurrencies: Solving crypto’s sustainability problem

Cryptocurrencies like bitcoin have a huge carbon footprint but, as Nicholas Pratt discovers, environmentally friendly alternatives exist.

Inside view: Who owns the data?

SteelEye chief executive Matt Smith finds that firms’ increasing use of third parties to store and manage data is creating tricky issues over data ownership.

Proxy voting: Making every vote count

With stewardship more important than ever and digital technology to the fore, surely it is time to solve the problem of proxy voting? Nicholas Pratt investigates.

Interview: Rise of the robo-adviser

FundsTech talks to Nutmeg’s CTO, Matt Gatrell, about the role of technology in its online offering.

Sponsored Profiles

Are you being microserved?

As asset managers grapple with new digital technology, FundsTech talks to Calastone’s Adam Belding about the importance of software architecture and the benefits...

Sponsored profile: A question of trust

AcrobatsAs more firms adopt agile software development practices, Petra Roche of Metrosoft explains why trust is so important in making agility work.

Sponsored feature: Compliance and the case for agility

CheetahFundsTech talks to Janusz Lorenc, CEO of Metrosoft, about asset managers’ approach to compliance risk and the case for agile software development.

Sponsored feature: Outsourced dealing

On_targetFundTech talks to Amundi Services’ Romain Sauvage and Gianluca Minieri about an increased demand for outsourced dealing among fund managers, driven by...