REG - Fragrant Prosperity - Appointment to Investment Advisory Board

Fragrant Prosperity HoldingsAnnouncement

22/04/2025 07:00

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RNS Number : 5438F  Fragrant Prosperity Holdings Ltd  22 April 2025

 

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22 April 2025

 

 

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Fragrant Prosperity Holdings Limited

("FPP" or the "Company")

Appointment of David Brown to newly formed FPP Investment Advisory Board

 

Fragrant Prosperity Holdings Limited ("FPP" or the "Company") is pleased to
announce the appointment of David Brown to its newly formed Investment
Advisory Board ("IAB"), a key strategic addition in support of the Company's
fintech acquisition ambitions.

 

David is a recognised leader in fintech, digital payments, and AI-driven
financial innovation. He brings deep industry expertise and a strong network
to FPP's acquisition strategy.

 

David was an early pioneer in applying artificial intelligence and machine
learning in financial services. As a founding director of Previse, one of the
first companies to use AI to make supplier payments instant, he played a key
role in securing significant investment and building strategic momentum in the
early days of the AI-in-fintech movement.

 

He was also the founder of Oxygen Finance ("Oxygen"), a pioneering early
payment platform focused on the public sector. David raised the initial £20
million and led the business through to its acquisition by Arrowgrass. Under
his leadership, Oxygen secured major contracts and grew into a leading fintech
with strong recurring revenues.

 

Over the past 20 years, David has launched and scaled multiple ventures across
the fintech landscape, earning accolades including Fintech New Product of the
Year 2023 and Microsoft Growth X Winner 2021.

 

David joins the IAB alongside Simon Retter and Richard Samuel to support the
identification and evaluation of acquisition targets, with a focus on the
transformative potential of artificial intelligence in financial services.

 

David Brown commented:

"I'm excited to join FPP at a time when AI is reshaping the fintech landscape.
I've spent my career backing early innovation and building businesses that
scale. The opportunity to acquire a standout fintech leveraging AI at its core
is what drives me-and I look forward to making it happen with the FPP team."

 

The Company looks forward to David's impact as it advances toward securing a
transformative acquisition.

 

 

This announcement contains inside information for the purposes of Article 7 of
Regulation (EU) 596/2014 which is part of UK law by virtue of the European
Union (Withdrawal) Act 2018. Upon the publication of this announcement this
information is considered to be in the public domain.

 

ENDS

 

 

 Fragrant Prosperity Holdings Limited
                                       +44 (0) 20 3137 1902

FPP Broker: Optiva Securities Limited

Vishal Balasingham
                           +44 (0) 20 3137 1903

 

 

 

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