Bagguley, who served for 17 years in senior roles at Barclays Group, has turned active invest in companies reinventing financial services through technology.
“When I first came across Dashly I was fascinated by its ambition to use technology to identify mortgage savings in a way that’s never been done before, with huge financial benefits not just for consumers but also the intermediary at the heart of this sector,” said Bagguley (pictured).
“It empowers brokers like never before while also eradicating that public enemy number one, consumer inertia,” he added.
Ross Boyd, founder of Dashly, said: “Having someone of Mike’s calibre and experience onboard is clearly a massive win for everyone here at Dashly. The fact that he has bought into our vision and what we are trying to do is a sign we’re on the right track.
“Few people have Mike’s level of understanding of both technology and financial services and so his input in the months and years ahead will be invaluable.”
“We have big goals for Dashly in 2020 as we roll out our technology to the UK adviser community and there’s no doubt that Mike will help us realise them,” Boyd said.
Dashly is a mortgage market comparison service which uses credit reference agency, current account, house price and up-to-date mortgage balance data to help brokers continuously look for cheaper deals for clients.
The company is running a broker-only pilot exclusively through Paradigm Mortgage Club until the new year, before becoming available to the wider broker community in January 2020.