Deko has announced the appointment of Mufti Monim as Chief Technology Officer (CTO) as the company gears up for a substantial growth phase.
Monim joins Deko from Lebara Money, where he successfully established an international money transfer platform in the UK, facilitating £100 million worth of transfers within the first year. He will be responsible for accelerating the development of Deko’s platform, ensuring continuous product innovation, and capitalising on upcoming major partnerships.
Before his role at Lebara Money, where he built and managed the platform, Monim held various positions at Lebara Mobile for five years, including Head of Digital Technology. Working closely with Deko’s CEO, CFO, and Sales Director, Monim will apply his extensive experience in modern product development, agile methodology, and DevOps processes to steer the company towards further growth.
Mufti Monim stated, “Deko’s position in the market means it has the agility to adapt its product according to – and ahead of – industry advances, while having the scale to see these developments through quickly, which is the ideal scenario for me. In my previous role at Lebara Money, I was able to build up a successful product, platform and team from scratch. I look forward to applying the skills gained there to the retail finance space and ensuring Deko remains at the cutting edge of technology.”
Deko’s innovative technology and multi-lender platform enable customers to spread the cost of purchases effectively, thereby allowing merchants to enhance sales conversion and boost average order values. The company is collaborating with merchants across diverse sectors to challenge traditional consumer credit models and revolutionise the finance marketplace.
Mufti’s arrival coincides with Deko’s celebration of processing two million applications, with a gross loan volume nearing £2 billion. CEO Peter Mansfield remarked, “Mufti is joining at a really exciting time for the business as we enter new markets and take the technology into previously unexplored territory. He has proven himself as an accomplished and forward-thinking technologist and, along with his strong experience of working in FCA-regulated environments, I’m confident that he can propel our technological offering even further. Such investment in maximising the value for our merchants, lenders and end customers will ensure we retain our position as the best retail finance provider on the market.”
With Monim’s appointment, Deko anticipates significant advancements in its technological infrastructure and strategic market positioning, reaffirming its status as a leader in the retail finance technology sector.
