365 finance has appointed Warren Abbey (pictured) as its new CEO in a bid to drive further growth.
Abbey joined 365 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.
Raphaely said: “We’re delighted Warren is stepping up to this role, following a very competitive appointment process.
“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 added: “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.”