Northern European P2P group announces hire

trustbuddyA Northern European P2P group has hired a new CEO.

TrustBuddy announced Philip Mikal’s addition in a release Monday morning. According to Mr. Mikal’s Linkedin page, he has either founded or co-founded at least five companies in the finance and technology sectors.

He joins TrustBuddy from Swedish online shopping platform Klarna. He has also worked for online payment processor ChangeSmart.

TrustBuddy Chairman Simon Nathanson expects Mr. Mikal to complete significant changes already underway.

“We’ve selected a strong leader to complete the final phase of TrustBuddy’s restructuring process and start the next chapter of the company’s life cycle,” Mr. Nathanson said.

Mr. Mikal believe his skills and TrustBuddy’s strengths complement each other.

“With their vast transaction database and my background in international credit and lending markets, I am convinced that the right conditions are in place for a fantastic collaboration.”

Mr. Mikan replaces Linus Lönnroth, who assumes the CFO role on Sept. 1.

Based in Northern Europe, TrustBuddy offers consumer loans and peer-to-peer financing for small and mid-size companies. They operate under the brand names Geldvoorelkaar and TrustBuddy. The company is listed at NASDAQ First North in Stockholm.

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