Crowd2Fund founder steps down from CEO role as part of restructure
Crowd2Fund is restructuring, with founder Chris Hancock (pictured) stepping down as chief executive, Peer2Peer Finance News can reveal.
It is understood that Hancock will remain involved with the peer-to-peer business lending platform as a consultant.
A First Gazette notice for Crowd2Fund’s compulsory strike-off was filed with Companies House on 4 July 2023.
Read more: Crowd2Fund urges SMEs to consider crowdfunding
It is understood that this was due to the late filing of accounts, with the delay due to the restructuring of the business.
The restructuring is thought to comprise the establishment of a board to enhance corporate governance, as well as new senior management and operational staff hires.
Peer2Peer Finance News understands that Crowd2Fund plans to file the accounts within the next week, at which point the proposal to strike off will be withdrawn.
Crowd2Fund has been contacted for comment.
In January this year, Crowd2Fund announced that its investors deposited £2.2m of additional capital on the platform in 2022, helping 60 entrepreneurs raise funds. It said at the time that this meant that Crowd2Fund has helped to support 700 British businesses since it was founded in 2014.