Finance Platform Stepladder Awards Over £500,000 To Members Despite COVID-19 Challenges

StepLadder, a collaborative finance platform that aims to revolutionise personal finance, announced earlier this month that they have achieved a key milestone in its mission for social change, awarding a total of £550,000 to its member’s financial goals and home deposits since launching its circles in 2019.

To date, the company has run 42 of its circles since 2019, using a financial model known as a rotating credit and savings association, helping over 300 members in their deposit-raising efforts,

The news comes in addition to two key hiring announcements, taking on Emmanuel Asuquo as the community and member success manager, and Helen Saxton as the Chief Marketing Officer.

Matthew Addison, Co-Founder and CEO of StepLadder, said “2020 has presented difficult market conditions for many businesses, so we feel incredibly proud and fortunate to be hiring a prominent expert in financial wellness and an accomplished marketer right now. Community is at our core, and we feel both Emmanuel and Helen will further strengthen our offering and help us continue to foster a community of like-minded people working on financial wellness and overcoming systemic issues related to getting on the property ladder. Having now awarded more than half a million pounds to our members since launch, we look forward to continuing our growth and seeing more of our members buy their first home.”

Emmanuel Asuquo will lead the communication and engagement between Stepladder and its member community, focusing on education and preparing members for their financial journey with the company.

“I am so excited to be working with StepLadder” said Asuquo, I love the company’s ethos and look forward to joining forces and helping more people to reach their financial goals. We have some big ambitions and I can’t wait for everyone to see what we have in store.”

Helen Saxton is the companies first senior leadership hire outside of its founding team, with an accomplished record of high-impact results in high profile consumer brands over 15 years.

She said, “The company is a small team of truly passionate and motivated people, determined to use the values of community and education to help people overcome one of the greatest challenges of our generation. Having recently been a first-time buyer myself, I know how hard and confusing the system is in the UK. If we can help as many people overcome that as possible, we’ll change so many lives, and revolutionise an antiquated system at the same time.”

  • Gina is a FinTech journalist (BA, MA) who works across broadcast and print. She has written for most national newspapers and started her career in BBC local radio.