Sprk Announces Appointment of Head of Underwriting
Sprk Capital, the leading provider of R&D and Grant Advances, is pleased to announce that Jasdeep Hara has joined as Head of Underwriting.
Jas has over 20 years of experience in financial services with a focus on SME underwriting. He joins from AskIf where he was instrumental in designing the underwriting and monitoring policies for their lending operations. Jas held similar roles at Relendex and worked with the founding team of Sprk at Funding Circle where he was employee number 20, joining in 2012. Prior to this, he held positions at Euler Hermes and ING in commercial underwriting.
Dom Peasley, CEO Sprk Capital said, “We are excited to have Jas join the Sprk team and we continue to attract top-tier talent at such a pivotal point in our expansion. Jas has an exceptional background in both underwriting, risk policy design and implementation. Having worked across some of the most complex SME lending platforms, Jas enhances our ability to provide top-tier service to our advisors, borrowers and investors.
During his seven-year tenure at Funding Circle, I have seen how his expertise helped to successfully scale the business there to create a strong underwriting risk framework.
Speed and certainty of finance for borrowers at Sprk is now combined with an individual who can ensure that we can maintain a world-class underwriting franchise for all our stakeholders.”
Sprk provides SMEs with the ability to access cash sooner from their eligible R&D and Grant spend using its proprietary online platform, ensuring credit decisions are made swiftly with the certainty of funding.
Providing loans of up to £1m+, Sprk’s unique proposition is designed to optimise cash flow 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 and advance fund their Grant expenditure, a first for the UK market at an institutional scale.
Dominick Peasley, CEO
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