Funding Xchange’s Herrling wins Women in Credit award
Funding Xchange’s co-founder and chief executive Katrin Herrling has won an award for innovation at the Women in Credit Awards.
Herrling (pictured) was named the winner of the Innovator of the Year category, for her contribution as a world-leading innovator in the development of the FXE Technologies portfolio management platform.
The platform is used by several peer-to-peer lending platforms, and provides live insights into the performance of a funder’s lending portfolio.
It uses background data such as trading performance, cash management and performance of third-party debt to provide more accurate and earlier warning signals as well as detailed profiles for each business.
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“The accolade is for our amazing team that is transforming credit assessment with a clear vision for delivering better outcomes for businesses and lenders,” said Herrling.
“Fantastic to see that such a prestigious award is recognising the impact our team has.”
Herrling thanked one of Funding Xchange’s partners, the Banking Competition Remedies (BCR), for placing trust in the platform and supporting its journey.
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“It would not have been possible without the grant funding,” she added.
Aidene Walsh, executive director at BCR said: “We are delighted to see how Funding Xchange has utilised the Capability and Innovation Funds through the development of its portfolio monitoring platform which continues to build significant traction with businesses and lenders and has made significant impact for UK businesses through unprecedented challenges.
“We are delighted for Katrin and the team in being recognised for its vision through the Women in Credit awards.”
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