Spotcap Appoints Simon Keast as Managing Director, Australia and New Zealand

Sydney, Australia – 27 March, 2019 Fintech business lender Spotcap today announced the appointment of Simon Keast as the Managing Director of Australia and New Zealand.

Spotcap delivers simple and swift loans to its customers so that they can focus on what matters most –– their business. Simon will join the multinational team on 1 April 2019, and will be responsible for strategic operations in both Australia and New Zealand.  

Simon joins Spotcap with more than 20 years’ financial services experience, having held a number of senior roles across leading banking and insurance companies, including Head of Small Business Designs and Solutions at Macquarie Group, Customer Operations and Improvement Senior Manager at IAG, and most recently independent consultancy work for major financial services companies.

Jens Woloszczak, Founder and CEO of Spotcap: “I’m delighted to welcome Simon to Spotcap at this stage of our development. Simon has an in-depth understanding of the local lending market and a clear passion for supporting businesses. We are confident he can continue to establish Spotcap as a trusted, leading player in business lending in Australia and New Zealand.”

Simon Keast, Managing Director of Spotcap Australia and New Zealand: “I’ve worked with small businesses throughout my career and know how driven they are. They see possibilities, and work to make them happen. They have a vision, they’re just missing the finance and often don’t have assets to secure a loan. I’m excited to join a growing company which is empowering them with simple, swift unsecured finance.”

Since entering the Australian and New Zealand markets in 2015 and 2017 respectively, Spotcap has experienced significant growth and has played an active role in setting industry standards. The company grew its Australian and New Zealand loan book by more than 80 percent between 2017 and 2018 and became a founding signatory of the AFIA Online Small Business Code of Lending Practice. The code aims to increase transparency and standardise loan pricing disclosure across the industry for the benefit of small business.

The fintech currently operates in five markets including Australia and New Zealand as a lender to small and medium-sized businesses. Spotcap’s award winning lending platform provides an unmatched customer experience and is capable of originating, underwriting, fulfilling, collecting and administering finance. Spotcap is now using its platform to help banks to digitalise and automate lending.