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.”
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.
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