People on the Move: Mark Ruddock, Finstar Financial
Private equity firm Finstar Financial has appointed Mark Ruddock to oversee a new corporate venture group that will look for opportunities in the fintech space. As CEO of the newly created FinstarLabs, Ruddock will lead the group in identifying and investing in alternative financial services based around fintech.
Ruddock has more than 15 years of experience leading venture-backed startups, spanning enterprise software, mobile applications and online financial services. He joins FinstarLabs from credit provider Wonga, where he was responsible for overseeing the company’s consumer lending operations in Canada, Spain, Poland and South Africa, its investment in the Scandinavian company Folkefinans, and its e-commerce business, BillPay, in Germany. Prior to Wonga, he served as CEO of Canadian mobile startup Viigo, which was acquired by RIM (BlackBerry) in 2010.