The firm has also appointed Royston Hoggarth as its first chair. He heads the board at a number of other UK tech companies including Innovation Group, Xchanging Information Services and Cirrus Response.

Mr Hoggarth is also the chair of England Hockey. Royston spent his formative years with IBM, before moving into executive and board roles with IBM, Logica, Cable & Wireless, IPSL, BT, and Hays. More recently he has chaired several private equity-backed businesses, including Northgate Public Services and Arkessa Limited.

Founded at the end of 2018 by managing director Colin Frame, Stellar Omada has grown its team to over one hundred people. The company specialises in programme delivery, technology transformation, testing services and innovation with clients including some of the UK’s largest financial services and tech sector players.

Its client base includes Royal Bank of Scotland and iPSL, while client wins during Q1 include London-based wealth manager 7IM (Seven Investment Management).

Colin Frame, managing director and founder of Stellar Omada, said: “Stellar Omada is one of the fastest-growing fintech businesses in the UK, and we’re excited to bring Royston on board to help guide us through our next phase of growth. Royston brings invaluable experience from the technology and financial sectors, and an incredible network of contacts, both in the UK and internationally, which will enable us to grow the business even more rapidly.”

Royston Hoggarth added: “I have had the pleasure of getting to know Colin and the Stellar Omada team over the last few years, including during my time with Intelligent Processing Solutions Limited and have been greatly impressed with the company’s pragmatism and operational focus in delivering results for clients. Stellar Omada is one of the most exciting fintechs on the UK scene, and I look forward to supporting the company’s trajectory in the months and years ahead.”

Commenting on the firm’s annual results, chief financial officer (CFO) Zoe Lee said: “We were delighted with the second-year results and we would like to thank our clients and staff for putting their trust in the company. Looking ahead, we are on track for continuing and significant revenue growth again in the current year, our balance sheet is strong, and well positioned to support the strategic direction of the business going forward.”