Richard Counsell

Richard Counsell is the founder and CEO of Stable, a fintech company that provides risk management solutions for commodity price volatility. Here are some key details about Richard Counsell and his company:

Background and Career

Richard Counsell has an interesting background that combines experience in both finance and agriculture:

• He was previously a City trader in London.1
• He also has experience as a farmer.1
• This unique combination of financial expertise and agricultural knowledge led him to found Stable.

Founding of Stable

Counsell founded Stable with the goal of helping businesses manage volatile commodity prices:

• The idea for Stable originated from Counsell's experiences on a farm.1
• He saw a need for better risk management tools for commodities that aren't typically traded on major exchanges.

Stable's Business Model

Stable offers an innovative approach to commodity price risk management:

• The company provides hedging contracts on over 5,000 commodity indexes from third-party publishers like the USDA.2
• These contracts are backed by highly rated counterparties.2
• Stable's platform allows businesses to track supply chain risks and manage them effectively.3

Company Growth and Funding

Under Counsell's leadership, Stable has seen significant growth:

• In May 2022, Stable announced a $60 million Series B funding round.4
• The company has expanded its operations globally, working with clients in multiple countries.5

Approach to Innovation

Counsell's approach to building Stable has been characterized by:

• Leveraging academic partnerships, such as collaborating with universities to test ideas.1
• Combining different industry approaches, like merging concepts from insurance and derivatives markets.1
• Focusing on serving businesses with real commodity price risks rather than speculators.1

Richard Counsell's unique background and innovative approach have positioned him as a notable figure in the intersection of fintech and agricultural technology.