Edinburgh-based fintech Money Dashboard has announced the appointment of a new chairman as the firm gears up for its next stage of growth.
Renier Lemmens will assume the role, bringing with him a wealth of experience in the fintech sector. Lemmens is a venture partner focusing on fintech with DN Capital, one of Europe’s most established venture capital funds for early-stage startups.
Previously, he served on the board of Revolut, was CEO of Paypal EMEA and also served as COO of Barclays International Retail and Commercial Banking.
Commenting on the appointment, Money Dashboard CEO Steve Tigar said: “We’re delighted to welcome Renier to the board. His impressive experience as a fintech VC, CEO of Paypal EMEA and board member of Revolut will be invaluable as we enter our next phase of growth.”
Lemmens said: “Steve and the Money Dashboard team have done a fantastic job at building a product that truly helps people master their journey.
“I am delighted to join them on this mission and look forward to helping the company go from strength to strength and leverage open banking to help millions of people.”
Money Dashboard boasts more than half-a-million registered users on its app; which allows users to connect their bank accounts to monitor finances and savings.
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Lemmens joins Money Dashboard during an exciting period. The Edinburgh firm recently announced partnerships with Nutmeg and Wealthify and has launched a range of open banking integrations with major providers, including American Express.
Last year, the firm completed a £4.6 million funding round, attracting investment from more than 3,000 investors on crowdfunding platform Crowdcube.
Currently, the firm is preparing to incorporate a new payments functionality which lets users move money between accounts they connect to the app. These new features will enable users to avoid overdrafts charges, maximise savings interest rates and, according to Steve Tigar, “revolutionise” the way people manage their finances.
“We are particularly excited to have Renier on board as we prepare to launch our payments service, in addition to a number of other features that will revolutionise the way people organise and grow their money,” he said.