Molo co-founder and CEO Francesca Carlesi has announced her decision to step down from her role with the digital mortgage lender.

Since its launch in 2018, the company has grown significantly, delivering online buy-to-let mortgage loans and also launching its “mortgage as a service” proposition in the UK.

In March this year ColCap Financial, a leading Australian privately owned non-bank mortgage lender, acquired an 80% shareholding in Molo after the two companies entered a strategic partnership in 2022.

Carlesi’s decision to step down reflects her confidence in Molo’s future following the successful integration of the company within the ColCap Group.

Speaking about this announcement, Carlesi says : “It has been an incredible journey building Molo from the ground up and I’m immensely proud of what we’ve accomplished”. I want to extend my heartfelt thanks to the remarkable Molo team, our investors, business partners, customers and above all, ColCap, who believed in us and will now chart the course to new heights for the company”.

She added: “This is the right time for me to pass the torch to new leadership while I explore new opportunities and challenges.”