Lending platform, Reward Funding, has named Nick Smith as its new CEO.
Smith has been at the tech firm for almost 10 years, with 6 of those as its Group Managing Director.
He recently led its rebrand and repositioning, which was carried out by Propaganda. As well as becoming CEO, he will take a shareholding in the business.
READ MORE – Major alternative finance rebrand for Propaganda
“After a record 2025, this year is already off to a great start, and I couldn’t be prouder to be taking on the CEO 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,” he said.
“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.”
The company has also promoted Group Financial Director, David Harrop, to Chief Financial Officer (CFO).
“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,” added Harrop.
“My job as CFO 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.”
In 2025, the Leeds-based company surpassed a £350m loan book landmark for the first time in its 15 year history.
