Australian fintech and loan comparison platform Money.com.au has announced the appointment of Paul Duggan as its new CEO.
Duggan takes over from founder Shaun McGowan, who will transition into a strategic advisory role.
This leadership change comes at a critical juncture for Money.com.au as it seeks to broaden its presence in the home loan and financial product marketplace.
Duggan’s focus will be on expanding the platform and delivering enhanced support to ensure financial products are more accessible to Australians.
“There are very few chances in your career to jump on a rocket ship. I'm excited to have that chance with Money.com.au,” Duggan said.
He praised the platform’s commitment to delivering efficient, user-friendly solutions, noting its impressive performance.
“The team has made great progress... building a business that’s left the rule of 40 in its dust,” Duggan said.
Duggan emphasised the company’s core mission of simplifying finance for everyday Australians, removing barriers caused by financial jargon and complexity.
“For too many Australians, finance is like another language...” he said. “We’re on a mission to help fix that and improve Australians’ financial futures.”
The new Money.com.au CEO aims to provide expert support, clearer information, and tailored financial solutions to empower consumers.
Duggan brings more than 20 years of global experience in finance, tech, and insurance.
Previously, he served as CEO at Canstar Gold and held senior roles at Shine Lawyers and Auto & General (Budget Direct). His leadership extends across Australia, Europe, and the US, making him well-positioned to drive Money.com.au’s growth.
McGowan, the platform’s founder, expressed confidence in Duggan’s ability to lead the business forward.
“There comes a point when you need to pass the reins to someone with the expertise to scale the business from one to 100,” he said.
He highlighted Duggan’s strengths in digital innovation and team leadership as key assets for the company’s next stage.
McGowan will continue contributing in a strategic advisory role. In October, Australian Broker reported that the serial entrepreneur and Money.com.au founder expanded his digital portfolio with the purchase of the domain MortgageBroker.com.au for $295,000.
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