Dan Cobley, the UK Managing Director and European Marketing Vice President of Google, has revealed that he will be leaving the company after 8 years to lead a new financial technology incubator in London.
Cobley will become CEO of Brightbridge Capital, which will seek to create a string of smaller companies that offer an alternative to bank funding, focusing on smart use of internet technology to deliver their services. The FinTech incubator is a joint initiative between Cobley, venture capitalists Blenheim Chalcot and QED Investors.
QED’s Managing Partner, Capital One founder Nigel Morris, will also act as Chairman of Brightbridge. Commenting on his decision, Cobley said: “The decision to leave Google is a really tough one, and I will miss the place hugely. But I have always wanted to run my own thing, and having secured the support of such amazing backers there will never be a better time to make the leap.”
Brightbridge Capital will be based at Blenheim Chalcot’s Hammersmith HQ, joining a string of technology-driven financial companies that the VC has invested in, including Grove Capital Management, Oakbrook Finance, Liberis and TDX Group.
Whitepapers
Related reading
2020 hailed “year of contactless” by payments study
By Richard Young The coronavirus crisis has caused a surge in mobile and contactless payments, driving consumers to make fewer but larger ... read more
Redefining remittances: Fintechs during coronavirus
By Daumantas Dvilinskas, CEO and co-founder, TransferGo According to new projections by the World Bank, remittances are set to decline by as ... read more
Crypto’s safe-haven status wavers amidst market crash
Perceptions that cryptocurrency performs autonomously from other markets is being questioned as bitcoin crashed by 50 percent on March 12. Market participants ... read more
COVID-19: our action plan
Dear reader, As the coronavirus pandemic spreads, we continue to hear and read unsettling stories from around the globe. At Payment Eye, ... read more