Credit, Collections & Insolvency News
KM2 Ethical Finance has announced that it has appointed two highly experienced Non-Executive Directors to assist its executives in the company growth.
The company says it has already experienced significant growth in 2021 and is assembling a board of experienced and highly respected professionals from the world of fraud analytics, debt recovery, start-up expansion and intellectual property law and protection.
Ian Floyed joins the KM2 board as the company’s Non-Executive Chairman. Floyed has started and built a number of businesses including My Home Move, Profile Pensions and more recently starting a payments business focused on providing a more secure environment for peer-to-peer transactions.
KM2 says that his extensive experience of running businesses that are experiencing high growth rates will prove invaluable to the KM2 team in the coming months.
Sheraz Afzal joins KM2 as Non-Executive Director. Afzal is currently Chief Risk Officer at Instant Cash Loans which trades as The Money Shop, Payday Express and Payday UK amongst other brands. He brings knowledge of the Consumer Finance lending sector where he acted as Director of the Consumer Finance Association.
Afzal has already introduced the KM2 team to numerous lenders and debt buyers keen to utilise the company’s Jackdaw™ Analytics and Contextual Evaluation Theory™ collections processes to improve recoveries from their charged-off debt books.
KM2 provides information on fraud analytics and the management of misappropriated losses. The company’s intellectual property, Jackdaw™ Analytics, identifies value streams within credit portfolios previously charged off in full after abortive collections efforts, and its Contextual Evaluation Theory™ collections techniques are fully developed to provide a fresh approach to the irrecoverable debt market.
KM2CEO Brian Kinch said “We are extremely fortunate to have secured the services of Ian and Sheraz.”
“They each bring different but complementary skills and knowledge to our board and have already added enormously to our impact in the market. Ian’s wise counsel on our strategy and direction and Sheraz’s risk and compliance expertise and his industry contacts are proving invaluable in establishing KM2’s reputation for tackling historical first party fraud and retrieving value where previously all expectations had been abandoned.”
