Growth Street to appoint new CEO as part of next phase of growth strategy
Today, 4 December 2019, Growth Street announced that it will appoint a new CEO to maintain its growth and further the deployment of its digital strategy. GrowthLine, Growth Street’s overdraft-like product for SMEs, which differentiates it from other alternative SME funders, remains at the core of Growth Street’s digital strategy.
As a founder of Growth Street, Greg Carter will remain with the business in an advisory role during the next phase in Growth Street’s development.
Kim Goetzke, previously Growth Street’s operations director, has been promoted to chief operating officer and during this interim period, will assume many of Greg Carter’s day-to-day responsibilities, with other aspects of his role being shared amongst Growth Street’s highly experienced senior management team.
This announcement follows a year of exceptional growth for Growth Street
Over £500m worth of investor funds have passed through its platform since its launch in 2014,
Forging strong partnerships with Xero and Starling Bank to take advantage of the disruption brought about by the challenger banks, Open Banking and innovative cloud accounting tools,
Executing major improvements to Growth Street’s credit decision-making process with the purpose of bolstering investor protection,
Signalling a vote of confidence in the company by the investment community, Growth Street has raised over £17m of institutional investment.
Thomas Hoegh, Founder of Growth Street and Arts Alliance Advisors, said “We cannot thank Greg Carter enough for the role he has played in establishing and bringing Growth Street to this point. He should be incredibly proud of his remarkable achievements to date – the business is well positioned with a highly regarded lending product, backed by exceptional analytics, a strong team, and strong financial resources.
We are especially grateful that Greg will remain with the business in an advisory capacity as we embark on the next chapter of our growth. We are confident that the bold changes that have been made across the business will make us a leading funder for SMEs.”