SPRK appointment to Board of Directors

SPRK a deeper understanding

Sprk, the leading Fintech lender focused on R&D advance funding in the U.K., is pleased to announce the appointment of David Brennan to its Board of Directors.

David brings a wealth of knowledge on successfully building and scaling lending platforms.

He was the co-founder of Radium Capital along with Sprk Chairman Tony Brennan, currently the largest R&D loans business in Australia.  Following its scale-up, David also oversaw its subsequent sale in 2019.

With a history of Fintech innovation David founded Enably, Australia’s first fully automated online lending platform offering personal loans through a digital experience.

Following the growth of Enably, David founded Kikka Capital, an online lending platform offering small businesses lines of credit to run and grow their business.  Kikka was subsequently floated on the stock exchange.

In 2015 David was announced as the AICM WA Young Credit Professional of the year and nominated for the 40 under 40 award.

Dom Peasley, CEO Sprk said, “We are incredibly fortunate to have David join the board of directors of Sprk.  David’s valuable input in scaling lending businesses will help us as we continue to take significant market share in our U.K. lending markets.

His focus on execution of growth plans will ensure that Sprk maintains our mission of providing speed, simplicity and transparency of finance to companies innovating in the U.K.”

David Brennan, Director Sprk said, “I am thrilled to join the board of Sprk, building on my experience in other Fintech companies I founded.  It’s my belief we have the strongest team in place to execute on our vision of being the go to lender when any company thinks of advancing their funding of R&D or Grants in the UK.

I look forward to imparting my knowledge and experience to the team and actively assisting it its growth plans going forward.”

 

About SPRK:

SPRK provides SMEs the ability to access cash sooner from their eligible R&D spend or Innovation Grants using its proprietary online platform, ensuring credit decisions are made swiftly with certainty of funding.

Providing loans of up to £1m+, SPRK’s unique proposition is designed to optimise cashflow for borrowers through a non-dilutionary source of capital without charging upfront fees or ongoing interest payments.

SPRK offers the ability for companies to borrow against their eligible R&D spend at any point in the financial year or their expected Grant payments, a first for the UK market.

Working through a dedicated network of SPRK Approved Advisors, we ensure that SPRK partners with high quality firms who can provide expert advice to our borrowers.

 

SPRK Capital
Dominick Peasley
0800 0025 100

More recent posts:

  • R&D Tax Credits

    Where to Start with Your R&D Tax Credit Application

    SPRK a deeper understanding Sprk, the leading Fintech lender focused on R&D advance funding in the U.K., is pleased to announce the appointment of David Brennan to its Board of Directors. David brings a wealth of knowledge on successfully building
    Read more
  • Innovation Term Loans

    Is Venture Debt Appropriate for Innovation Funding?

    Venture debt is a specialised form of debt financing geared towards venture-backed companies that may not yet be profitable but show high growth potential. It's typically provided by specialised banks or non-bank lenders and is structured as a term loan or revolving credit facility.

    Read more
  • R&D Tax Credits

    Leveraging R&D Advance Funding for Better Cash Flow

    Maintaining a robust cash flow is as challenging as it is critical, especially when venturing into the territories of research and development (R&D). R&D advance funding is a strategic financial tool designed to alleviate the pressure on your cash reserves and fuel your innovative projects.

    Read more
  • Information

    From Tax Reliefs to Tech Reforms: Our Analysis of R&D Changes in 2023

    As the innovation space continuously evolves, Research and Development (R&D) tax reliefs in the UK have been a consistent ally for companies pushing the boundaries of innovation. The year 2023 has held significant shifts in these reliefs, marking a pivotal moment for businesses involved in R&D activities.

    Read more
  • R&D Tax Credits

    R&D Tax Claims: Insider Tips to Maximise Your Claim

    Businesses making an R&D tax claim have the potential to receive transformative funding. However, it’s not always an easy process. The application can be complex and requires precision, and HMRC has recently cracked down on those R&D tax claims that contain ineligible projects, even by mistake.

    Read more