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Economy Secretary Ken Skates has today formally welcomed Chetwood Financial Ltd to Wales as they launch a new range of online innovative loan products from their new home in Wrexham

First published:
21 September 2017
Last updated:

This was published under the 2016 to 2021 administration of the Welsh Government

The start-up, which is creating 90 high quality jobs in North East Wales, is led by a management team who have operated at senior executive levels in UK retail banks and overseas. 

The company pride themselves on using state of the art technology to develop and offer innovative financial services products for consumers. Their move to Wales has been supported by £750,000 business finance from the Welsh Government.  

Economy Secretary Ken Skates said:

“I am very pleased to welcome Chetwood to Wrexham, and to have supported their move here with £750,000 of Welsh Government funding. 

“Our investment in Chetwood is helping to support the creation of 90  well paid skilled jobs,  in what is becoming a thriving professional and financial services sector in North East Wales. 

“It is particularly pleasing to see Chetwood working with Coleg Cambria, Glyndwr University and others to ensure their business capitalises on local talent.

“With the region attracting a growing number of financial specialists, not least our own Development Bank for Wales, I look forward to seeing Chetwood Financial building North East Wales’ reputation as a destination for financial service companies and forming part of a lasting and financial hub in this part of Wales.”

Speaking at the launch CEO Andy Mielczarek said:


“It’s a huge milestone for us to finally open our doors and to be able to operate right here in my home town, Wrexham. The assistance from the Welsh Government has been integral and we’re confident that their investment will pay dividends for the people of Wrexham and the wider public as we fulfil our plans to create smarter financial products that make people better off.” 

Speaking about the launch COO Mark Jenkinson added: 

“It might sound complex when we say we’re a product manufacturer rather than a bank – but what we’re offering is refreshingly simple. We design really good, cost-efficient financial products that will make use of cutting edge software so they’re different to the products currently out there. Whether that’s a loan, savings account or mortgage – they will be clever, dynamic products that make people better off and give them a better experience too.”