Our back story
pH Innovate is a fintech company operating from its headquarters in South Wales and was started in 2016 by two entrepreneurs with a background in financial technology – Stephen Peck and David Harlow. Stephen is Managing Director (Tech Investments) and leads on pH Innovate (fintech) whereas David is Managing Director (Insurance Investments) and leads on pH Innovate (broking).
Stephen’s early experience was based on designing and implementing supply chain and demand creation systems across Europe and the Asia Pacific in a mixture of retail, service and distribution sectors.
With the increasing adoption of the internet for business use, Stephen switched to developing online solutions for his customers producing a series of quick to implement hosted services supporting a range of business processes.
As an early adopter of cloud-based systems, Stephen (with David) founded and later sold Quote Exchange which provided SaaS price comparison and lead management services to the UK personal lines insurance market.
Stephen holds an MSc in Informations Systems in addition to a BSc (Hons) in Management and was recently awarded CEng by the British Computer Society.
David started his career at Aviva where he gained his ACII certification whilst working as a trainer on a nationwide IT project. He subsequently moved to broking before starting Insureyourmotor.com in 2000.
David started InsureYourMotor.com with a staff of four above a shop in a West London suburb, over the next thirteen years he grew the business to a staff of 130 and a GWP of circa £50M. Along the way, the business moved to Wales with the help of some grant assistance from the Welsh Assembly government. The business was sold to private equity in 2012
David and Stephen started Quote Exchange in 2005 in response to the changing consumer tastes for price comparison within the personal lines sector. The company grew rapidly and secured contracts with brands including Lloyds Bank, ComparetheMarket and Moneysupermarket. David and Stephen also moved into international markets and launched the first price comparison site in Brazil. This business was sold to a listed company in 2011.
Whilst waiting out his legal and contractual obligations David spent four years in public service as an elected County Councillor on Herefordshire Council. He was made Cabinet Member for Economy and Corporate services and until recently attended the board of the LEP and NMITE – the new university as well as being a Director of the local enterprise Zone.
Four years was enough to convince David that his interests lay more in business and in 2016 he set up pH Innovate companies with Stephen.