PEXA appoints chief technology officer to support purchase platform launch

Digital property exchange firm, PEXA, has appointed Nitesh Thadani to the role of UK chief technology officer to drive the ongoing development and rollout of its technology platform in 2025.

Thadani, a long-time advocate of a digitised property transaction process, brings more than 20 years of experience in his field. He combines a deep expertise in fintech and SaaS businesses with extensive knowledge of the UK’s mortgage industry, having worked with and delivered integrations with some of the UK’s largest lenders, such as NatWest and Nationwide.

Thadani joins PEXA from Mojo Mortgages, where he was the interim director of engineering. Previously, he has worked for and consulted with global organisations across the UK, US, India, and Australia, including ThoughtWorks, Barclays, McKinsey, British Gas, and recently, Smartr365. 

PEXA's mission is to streamline the property remortgage and completion process. It launched its payment system in September 2022, resulting in the UK’s first-ever digitally enabled remortgage transaction. 

Having initially focused on remortgage, PEXA’s sale and purchase proposition is currently in development and is planned to roll out in 2025. 

Joe Pepper, UK CEO of PEXA, commented: “It is with great pleasure that I welcome Nitesh to PEXA. 2024 was a momentous year for the UK business, and Nitesh will play a critical role in our ongoing success this year. He will lead on our technology roadmap as we continue to onboard and integrate lenders to the PEXA platform, develop our proposition, and work towards rolling out our sale and purchase offering. His expertise, skillset and track record of leading data-driven transformation will be invaluable.” 

Nitesh Thadani said: “From open banking to embedded finance, I have had the privilege of witnessing the transformative impact technology can have for businesses and the sectors they operate in first hand, and PEXA has taken great strides to unlock its potential for the mortgage market. I am excited to play a role in delivering the technology that will enable it to streamline the UK’s remortgaging and homebuying process.”