Wombat recruits tech guru and former product chief of US fintech unicorn Stash to its advisory board

Fast-growing micro-investing platform Wombat has appointed Fazal Yameen, a senior tech executive and product chief with major US start-up experience, including at fintech unicorn Stash, to its advisory board.

As VP of product for Stash, a leading US investment app, Yameen led the investment and platform teams before taking responsibility for subscription and growth.

Yameen joins an impressive roster of Wombat advisers which includes David Davies, former Hargreaves Lansdown CIO, Iqbal Gandham, ex-eToro MD and Chad West, former Revolut communications director.

Together they will assist the team at Wombat as they prepare to launch into Europe and other international markets, while also rolling out new products and platform enhancements over the next 12 months. To support this growth, the London-based fintech is currently running a crowdfunding campaign, which has already exceeded its £1m target with more than £2.7m raised so far.

By backing Wombat, shareholders will be joining the UK’s fastest growing investment app, as recognised by AppRadar based on the number of downloads in 2021.

Since its inception in 2019, Wombat has experienced rapid growth as novice investors – its core demographic – have flocked to access its range of theme based exchange-traded funds (ETFs) and curated UK, US and EU fractional shares.

Kane Harrison, CEO and co-founder of Wombat, said: “We are delighted to secure the support and backing of Fazal, who played a fundamental role in the growth of Stash.

“Much like Wombat, the app is aimed at beginner investors and offers access to theme-based exchange-traded funds (ETFs), and a range of curated stocks.

“Stash benefitted from a huge boom in the participation of retail investors in the US and Fazal firmly believes that this growth will be replicated in the UK.

“Wombat is primed to take full advantage of that opportunity and having someone on board who has been part of a fintech unicorn, who understands what it takes to reach the next level and who’s experience and expertise we can draw on, is fantastic.

“We have enjoyed rapid growth since launching and with the support of Fazal, and the rest of our advisory board, we have our sights firmly set on scaling the business internationally over the next 12 months.”

Fazal Yameen said: “Wombat is a dynamic, intuitive and exciting investment app that has encouraged tens of thousands of people in the UK to start investing.

“It gives beginner investors as well as more experienced individuals all the tools they need to manage their money and grow their wealth.

“However, there are many more people still to reach and my aim is to help Wombat do that.

“I look forward to starting work with the team and collaborating with some great minds as part of the advisory board.”