365 finance has appointed Warren Abbey as its new CEO.
Abbey joined the Camden-based provider of revenue-based finance in 2023 as chief commercial officer and has been instrumental in driving commercial success, achieving a 42% year-on-year increase in business.
Current CEO and founder Andrew Raphaely will transition to the role of executive vice chairman. Raphaely will remain actively engaged with the business, and will support Abbey as the board’s principal point of contact with the executive committee, and the business at large.
“We’re delighted Warren is stepping up to this role, following a very competitive appointment process,” said Raphaely.
“He has an enormous amount of experience in leading businesses with a commercial focus and I look forward to working closely with him to supercharge our growth.”
Abbey is a chartered accountant who started his financial career with KPMG before becoming CFO of OracleMed Health and Bayport’s Latin American businesses.
He has extensive experience in lending, having worked in competitive markets in North and South America, Europe and Africa.
Abbey commented: “365 finance is an incredible business with a terrific team in place. The business has grown to become a leader in revenue-based lending and embedded finance, and our growth trajectory is very exciting.”
365 finance provides revenue-based finance of £10,000 to £400,000 to UK SMEs, with no hidden fees or fixed term, and funding can be approved in less than 24 hours.