Asset-based lender and invoice finance provider MarketInvoice has appointed a former Silicon Valley executive as chief technology officer, the company’s second hire in a month.

According to MarketInvoice, Rija Javed is the first female chief technology officer in a British fintech.

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Javed spent the last five years in a number of engineering roles at Wealthfront, an investment management fintech in the San Francisco Bay area. While at the company, she led the firm’s expansion into financial services, building a brokerage and banking platform.

At MarketInvoice, she will head development of machine learning and AI capabilities, among other areas, which the company hopes to apply to future products.

Javed said: “Moving to London was a big step but I’m excited by the opportunity offered by London’s growing tech scene and in particular by MarketInvoice.

“My main reason for joining MarketInvoice was the challenge and growth it offers as well as its great people and culture. Technology empowers and MarketInvoice is certainly empowering business to grow.”

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Anil Stocker, chief executive and co-founder at MarketInvoice, added: “As we scale our technology and team, Rija’s experience and insights from Silicon Valley will be instrumental. We have ambitious growth plans for the years ahead and Rija will play a significant role in making it happen.”

In May, MarketInvoice appointed Adrian Payne, formerly of Aldermore and Bibby, to lead expansion in the Midlands.

The company saw a £135m (€153m) wholesale investment from Portugal’s Banco BNI Europa and Germany’s Varengold in March.

It also joined NatWest’s alternative finance referral panel in April.