Ying Tan acquires significant stake in Knowledge Bank

Dynamo founder and former managing director Ying Tan has acquired a significant stake in financial technology company Knowledge Bank.

Tan, who left mortgage broker Dynamo earlier this year, will join Knowledge Bank’s board of directors as non-executive chairman.

Knowledge Bank was created by Nicola Firth and launched in September 2017 to update the most up-to-date criteria for one-place lenders. It now holds over 125,000 criteria items from over 250 lenders.

Tan will be responsible for leading the Knowledge Bank board, formulating strategy and developing its vision. He will also drive a charge for additional funding to continue to scale this exciting disruptor and accelerate the growth of Knowledge Bank.

Tan will be joined by his trusted colleague Penny Desborough, who will also assume a role on the board as a non-executive director.

Tan says, “Since Dynamo’s successful exit in May, I have been inundated with angel investment opportunities and non-executive roles in many different industries and sectors. With my experience in mortgage and fintech, I was naturally drawn to companies in this sector. I have always had a very high regard for Knowledge Bank, Nicola Firth and his team. They are a real disruptor to the mortgage industry, innovating a system that has transformed the way mortgage brokers look for criteria and the way lenders themselves display and use that information.

“Knowledge Bank has really made a name for itself in the mortgage industry, winning numerous awards for technology and innovation with a proven business model. The Knowledge Bank is my vision for the future of the mortgage industry; it has exciting plans to expand its services to deliver an exciting suite of products to digitize and further transform the way the mortgage industry operates.

Firth says, “It has been an exciting few years for Knowledge Bank as we have led the charge in digitizing criteria search solutions. Innovation has been in our DNA from the very beginning and now is the time for us to scale up and implement our plans for a Bigger Image and Ying is the perfect partner to move forward. Ying is an incredibly respected figure in the mortgage industry; I watched with awe at what he built and the remarkable and authentic way he did it.

“We are delighted that Ying and Penny are joining our Board of Directors as we enter a new and exciting period of growth. We look forward to continuing to positively disrupt the market with the same passion and thought leadership that has revolutionized loan criteria research for brokers and lenders to date. “

Previous Metro improves its BTL offer; joined MBT
Next FOS unveils an action plan to improve service