Reward Funding strengthens leadership team

Alternative finance provider Reward Funding has promoted group managing director Nick Smith to chief executive as the business enters its next phase of growth.

David Harrop has also been promoted from group financial director to chief financial officer, strengthening the firm’s senior leadership team.

Nick has spent a decade with the company and has played a key role in scaling its lending platform and expanding its presence across the UK. 

As part of the move, he has also become a shareholder in the business.

Nick said: “After a record 2025, this year is already off to a great start, and I couldn’t be prouder to be taking on the chief executive role at this pivotal time for Reward. 

“The progress we have made reflects the strength of our team, the trust of our introducers and the resilience of the businesses we support every day.

“The current climate is tough for SMEs and we’re here to support them. 

“The simple truth for SMEs is that volatility delays decisions, tightens cash flow and stifles growth. 

“As the original alternative finance provider, Reward was built to move faster than traditional funding models. 

“Our job is simple, give ambitious businesses the speed and flexibility they need to seize opportunity.”

David added: “Following our successful institutional capital raise in 2025, we have posted another 12 months of profitable growth and sit with significant committed funds to deploy to support our SME clients. 

“My job as chief financial officer is to ensure Reward continues to scale responsibly by delivering the strong financial backing our customers rely on. 

“In challenging times, we deliver funding certainty.”

The leadership changes follow a strong year for Reward Funding, which surpassed a £350 million loan book milestone in 2025 and has now supported more than £1.45 billion of funding across over 2000 SME clients.

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