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How This Zimbabwean Entrepreneur Became UK’s Wealthiest Black Woman

Valerie Moran is first black female entrepreneur ever to make it on to the  list of the Sunday Times Rich List 2019 which listed the wealthiest people within the United Kingdom.

Worth £122 million for her fintech company Prepaid Financial Services where she is Head of Client Relations & Operations, the Zimbabwean born entrepreneur now resides in Ireland.

Valerie became the first and only Black woman in the top 1,000 people of The Sunday Times’ annual Rich List, which ranks Britain’s super-wealthy in 2019

She co-founded Prepaid Financial Services (PFS), which specializes in financial technology with her husband Noel Moran in 2008. As a couple, they own 81.5% shares in the company. Valerie solely owns a 16.3% stake in the company.

She became the first employee of the firm, serving as its Implementation Project Manager after quitting her paid job. She managed to put the company on the global Regulated Financial Services map.

Today, her firm is one of the most successfully managed fintech organizations in the world, posting profits for 10 conservative years

Valerie moved to London in 2003 when Zimbabwe went into recession. She now lives in Ireland with her husband Noel. They are jointly worth $278 million, according to the Sunday Times Rich List 2020.

Valerie and her husband had started PFS at a kitchen table in London. In its first year of operation, PFS lost $43,000. They also unsuccessfully tried multiple ways to raise funds.

They fell back on their savings to keep the company running. They eventually landed a big client and moved into an office space at London’s Hanover Square.

The company has also won multiple awards. It was awarded the Queen’s Award for Enterprise: International Trade 2017 by HRH Queen Elizabeth II and the British Government. In September 2019, the couple also won the Business of the Year Award from the European Business Awards.

Their company is now operating in 25 countries, 12 years on. The firm, in 2018, posted a profit of $9.8 million, according to the Irish Times.

Valerie Moran believes in working hard and giving 100% to work effort. Leaving no stones unturned so that at least if she has to walk away she knows she has given it her best shot.

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