Francesca Carlesi, co-founder and CEO of Molo, will step down from her role on 25 November 2023, six months after ColCap’s acquisition.
Facts
- Francesca Carlesi, co-founder and CEO of UK-based digital mortgage lender Molo, is stepping down from her role on 25 November 2023.
- ColCap, an Australian non-bank mortgage lender, acquired an 80% shareholding in Molo six months prior to Carlesi’s decision to step down.
- Molo and ColCap established a strategic partnership in July 2022 to tap into the UK’s £310 billion mortgage market.
- Molo, launched in 2018, specializes in online buy-to-let mortgage loans and mortgage-as-a-service solutions, transforming mortgage access in the UK.
- Carlesi cites her desire to explore new opportunities and challenges as the reason for her departure.
- Andrew Chepul, financial CEO of ColCap, expresses the intention to continue challenging the UK mortgage market’s status quo and supercharge growth with the acquisition.
- Andrew Chepul will serve as interim executive chairman of Molo until a permanent replacement is found.
