New Director of Finance & Treasury Appointed at Initiative Ireland
Initiative Ireland has just announced the appointment of Aisling Healey, as the company’s new Director of Finance & Treasury. Healy brings over 30 years’ experience in financial management to the role. She has held senior financial roles in a variety of organisations including accountancy practice, software development, energy, not-for-profit and education.
Aisling is responsible for all aspects of financial and treasury management within the Initiative Financial Group, which specialises in Social Impact Investments, funding the construction of social, affordable and mid-market housing across Ireland. The company trading as Initiative Ireland, operates Ireland’s largest peer-to-peer property lending platform, which enables the company’s online investor community to co-fund the delivery of new houses, for a fixed rate of return of 6% – 8% per annum.
Padraig W. Rushe, Co-founder and CEO, Initiative Ireland said, “I am proud to announce the appointment of Aisling to the Senior Management Team of Initiative Ireland. She shares our commitment to ethical finance and brings a wealth of experience to the team. Her appointment comes as we prepare for significant expansion over the next year.”
Initiative Ireland, founded in 2015, is headquartered at NovaUCD, the Centre for new ventures and innovation at University College Dublin (UCD). As Ireland’s largest peer-to-peer, Secured Lending Platform, Initiative Ireland offers affordable finance to experienced property developers, building new family homes. All loans are secured against the underlying property deeds and financed by Initiative Ireland’s secured lending community, via Secured Lending Accounts. Comprised of Private and Corporate Clients, Initiative Ireland’s secured lending community can earn 6% to 8% APR helping to fund the build of much needed family homes across Ireland.
On her appointment, Aisling Healy said, “I am delighted to join the team at Initiative Ireland. As a company Initiative Ireland is at the fore of financial and social innovation and I look forward to supporting the expansion of the company in the coming years.”
The company recently announced the launch of Ireland’s largest peer-to-peer loan, financed by its Secured Lending Community at www.initiativeireland.ie . The loan is funding the construction of 33 new family homes in Carrickmacross, County Monaghan. The units have already been pre-contracted to approved housing body Tuath Housing. Initiative Ireland has financed over €10m in social and low-cost housing to date, with loan proceeds shared amongst their growing community of businesses and everyday people, co-funding the projects through the company’s website.
Padraig W. Rushe, CEO, Initiative Ireland said, “At Initiative Ireland our clients are passionate about doing something good with their money and earning a real return. We’re passionate about solving social challenges, making a difference while also protecting our clients responsibly, the way they deserve.”