Nick Harding steps down from consumer lender Fluro

Nick Harding (pictured) is stepping down as chief executive of UK consumer lender Fluro.

Harding co-founded the firm with Matthew Powell, which launched in 2014 as a peer-to-peer lending platform called Lending Works.

In July 2020, Lending Works was sold to alternative investment manager Intriva Capital, and in December 2021, the platform announced that it was placing its P2P business into run-off in order to focus on the embedded finance market.

In September 2022, Lending Works rebranded as Fluro, with the aim of becoming the UK’s leading embedded lender.

“After 10 amazing years leading Fluro on its mission to drive permanent positive change in the credit industry, I’m stepping down as chief executive and hope to announce my next professional adventure shortly,” Harding said in a post on LinkedIn, first reported on by Fintech Futures.

“Fluro has so much to be proud of – the real rates movement it pioneered, the impact it has had on the embedded lending market and the recognition as one of the UK’s fastest-growing tech companies. But I’m perhaps most proud of the amazing team I’ve been lucky enough to lead and the culture we’ve enabled. Thank you to everyone who has been part of the last 10 years with me – team members, board members, partners, supporters – it’s been a pleasure to work with you all.”

In October last year, Fluro announced a £200m funding line with BNP Paribas.

And last month, it emerged that former RateSetter and Metro Bank executive Michael Hoare had been appointed chief risk officer at the firm.