Member Article

DueDil targets financial services expansion with new appointment

London-based FinTech firm DueDil has signalled its aspirations for growth into the financial services sector with the appointment of a former Hiscox UK chief as its new Chairman.

The business, which already counts clients in the banking, insurance and FinTech sectors, is embarking on a renewed tilt towards financial and professional services under the stewardship of Alan Millard, who was previously Chief Operating Officer at Hiscox UK and is currently a consultant for Table Group.

DueDil Co-Founder and Chief Executive Officer, Damian Kimmelman, said Millard’s appointment marked the company’s transition from a ‘founder led’ team towards an ‘executive led’ organisation.

He added: “[Millard] brings with him the eye of the customer which is so critical as we scale. I am honoured to have him on board guiding our global ambitions.”

The appointment comes as the Shoreditch-headquartered company embarks on its global expansion plans following the addition of 29m businesses from across Europe and the Nordics to fuel its charge abroad.

Following his appointment, Millard, who has work with the likes of IBM, JP Morgan and Standard Chartered through his consultancy work, said that ‘open business’ was essential to global growth and hailed DueDil’s work in assembling one of the largest business information databases in Europe.

He commented: “DueDil is already the largest and richest source of private company information in the U.K., and one of the largest in Europe. We are on an incredible journey to coverover 200 million companies globally by the end of 2018.

“I am excited to be part of a company that genuinely improves the business landscape and encourages growth and trade.”