Porges resigns from marketplace lender

In a trading update yesterday, the board of company thanked Mr Porges for his significant contribution to the marketplace lender through his many roles.

“Stephen has provided strong leadership for DirectMoney, with his experience, guidance and knowledge invaluable to the performance of the company. The board wish Stephen well in his future endeavours.”

Mr Porges said that with a refreshed board, and new CEO, he has the utmost belief in the team now in place to lead the company through the next stage of growth.

“I believe the company is well positioned to become a leading fintech in the Australian market, and will continue to support the company in a variety of ways. I wish the company all the best for the future,” he said.

[Related: Former fintech chief appointed CEO of DirectMoney]