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Tembo appoints Jenny Watts as Board Chair

Tembo, the tech-focused mortgage broker, today announced the appointment of banking and fintech business leader Jenny Watts as Board Chair. Jenny previously held senior roles at businesses including Metro Bank, Molo Mortgages and Habito and brings over thirty years of highly relevant experience including B2C sales, HR, risk and compliance along with proven technical abilities, strong project management and business transformation skills.

Watts joins Tembo at a pivotal time in the company’s growth. Tembo has enjoyed record sales in 2022 as demand for its products – which allow mortgage borrowers to ‘boost’ their income or deposit by enlisting help from family members or friends – has increased due to the affordability issues associated with home ownership.

At Tembo, Watts will be responsible for overseeing the board and strategic direction of the company and working with key stakeholders and investors to ensure Tembo continues to grow each month while delivering a compliant service to its customers.

Tembo was founded in 2020 by finance and technology expert Richard Dana and has received backing from Aviva. Voted the UK’s Best Mortgage Broker and Best Newcomer at the British Bank Awards in 2022, the company’s smart decisioning technology helps people discover the family assisted mortgages and specialist schemes they are eligible for, increasing their budgets by 27% on average.

Jenny Watts, Board Chair at Tembo said: “I am delighted to be appointed as Chair at Tembo. Richard and his talented team are on a mission to help get more people onto the property ladder which is something I am very passionate about. Never have those entering the property market had a greater need for a helping hand in terms of bridging the intergenerational wealth gap. 2023 is set to be a very challenging year economically so Tembo is well placed to provide this niche service and I feel lucky to be on this journey with them.”

Richard Dana, Founder and CEO, Tembo said: ”We are hugely excited that Jenny has joined Tembo as our Board Chair. Her skills and experience will be invaluable as we forge ahead and continue to create solutions that will make the dream of home ownership a reality for more people.”