Cred appoints new Chief Executive Officer

Cred, the next-generation credit app, has announced the appointment of Matt Trueman as its new Chief Executive Officer, effective immediately, pending FCA approval. J

Trueman joins from credit management consultancy Arum. He brings over two decades of leadership experience in financial services, with extensive knowledge in technology deployment, and a wealth of expertise in scaling credit and lending businesses.

Beginning his career at UBS, Trueman went on to lead the Product and Technology team at TDX Group (acquired by Equifax in 2015). He then co-founded Indesser, a joint venture between TDX and the Cabinet Office, which has managed over £5 billion in public sector debt for 17 government bodies. He later served as Chief Product Officer at Oakbrook Finance, spearheading the development of their loans platform and launching new credit products to market, and most recently, as Managing Director at Arum, a leading credit management consultancy supporting blue chip financial services brands globally.

Greg Cox, Co-Founder and CEO of Quint Group, said “Matt’s depth of experience and track record scaling credit businesses make him the ideal leader to drive Cred’s next wave of growth and disruption.”

“Today’s credit products were only designed for narrow use cases – they no longer meet modern consumer needs. We built Cred to create a brand-new category of borrowing product, giving people flexible, affordable credit on demand, and Matt is the ideal person to deliver this at scale. I’m looking forward to seeing what he can achieve.”