PEXA, the digital property exchange platform, has announced the appointment of Nitesh Thadani as its new UK Chief Technology Officer. Thadani is set to help lead the development and expansion of PEXA's technology platform, particularly with important rollouts anticipated for 2025.
With over 20 years of experience across fintech and SaaS businesses, Thadani is hailed as a strong advocate for digitized property transactions. His previous roles include significant contributions to the UK's mortgage industry, where he has worked closely with major lenders such as NatWest and Nationwide. Most recently, he served as the interim director of engineering at Mojo Mortgages.
Thadani joins PEXA during a pivotal time, following considerable milestones for the company throughout 2024, including collaborations with banks like Metro Bank and strategic partnerships with various lenders, aimed at enhancing the remortgaging process. His role will be integral to PEXA's ambitious technology roadmap, which focuses on onboarding additional lenders and rolling out the company's Sale and Purchase offering.
Reporting directly to Joe Pepper, the UK Chief Executive Officer of PEXA, Thadani is expected to step on board by the end of January. Pepper expressed enthusiasm about Thadani's appointment, noting his skillset and track record as assets for the company’s success.
“It is with great pleasure,” said Pepper, “that I welcome Nitesh to PEXA. 2024 was a momentous year for the UK business, and Nitesh will play a pivotal role as we continue to develop our proposition and integrate lenders to our platform.”
Commenting on his new role, Thadani reflected on the transformative impact of technology. He stated, “From open banking to embedded finance, I have seen firsthand how technology can revolutionize businesses and sectors. PEXA has made significant strides to leverage this potential within the mortgage market and I’m excited to contribute to streamlining the homebuying and remortgaging processes for our users.”
The upcoming developments set for 2025 include not only the expansion of PEXA's service offerings but also enhancements to existing processes, all aimed at providing seamless transactions for users across the UK.
Thadani's diverse background highlights his readiness for the challenges of his new position. His expertise with global organizations and consulting roles, which span various countries including the UK, US, India, and Australia, allows him to bring considerable knowledge to the PEXA team.
Transitioning to this new role, Thadani aims to heighten PEXA's capabilities within the UK property transaction ecosystem, aligning with the company’s vision of transforming the industry through technology.
PEXA's growth reflects broader shifts within the financial services sector as the company gears up to navigate and lead the future of property transactions. Amidst the backdrop of increasing digitization and consumer demand for streamlined processes, Thadani's leadership is anticipated to drive impactful changes well beyond 2025.