Simon Moran has 23 years' Board and Executive experience in specialist FCA regulated lending business Premium Credit, where he is now a Non-Executive Director. Premium Credit is the number one insurance premium finance company in the UK and Ireland with over 2.1 million customers and funded loan advances of £3.6bn. As Chief Sales & Marketing Officer he joined the company in 1998. Prior to this he was Sales & Marketing Director at Transamerica Insurance Finance Company where he established the model for commercial premium finance in the UK. He is now a Non- Executive Director and investor on the Board of financial services and manufacturing and retail companies.
The pre-seed round was led by Move Ventures to support product development and regulatory approval.
"Many consumers borrow without fully understanding their options or implications of their borrowing. This is further compounded with poor repayment habits. As a result, large numbers of consumers are in the dark about the true cost of their borrowing, paying more in interest and fees than necessary and carrying debt for longer. ilumoni is changing that by shining a light on how we borrow,"
