CFO, COO, 2 CBOs Appointed
Sanjeev Kumar, CEO, Spice Money, said the new appointments are a “testimony of our mission of digitally and financially empowering rural India”.
MUMBAI, Oct 28 (The CONNECT) – Rural fintech firm Spice Money announced the appointment of four senior leaders – Vivek Venkatesan as Chief Financial Officer for Spice Money, Sameer Nagpal as Chief Business Officer for Spice Money, Vishal Jain as Chief Business Officer for the new Lendtech Business Entity and Bishnu Prasad Mohanty as Chief Operating Officer for Travel Union.
The new appointments are aligned with the company’s vision of becoming the most admired rural fintech brand in India. Spice Money has witnessed stellar growth in FY21 on the back of its 7 lakh+ Adhikari network and different product offerings, making rural India financially independent. Going forward, the company will continue to grow rapidly while introducing new lines of business and product offerings which will be helmed by the senior leadership of the company.
Vivek Venkatesan, a Chartered Accountant with 20 years of experience across the banking and fintech industries will drive the financial strategy at Spice Money to achieve the company’s goals of business expansion and profitable growth. Prior to joining Spice Money, Vivek has worked as the CFO at Jio Financial Services. Previously, he has also worked with Jana Small Finance Bank, Standard Chartered Bank and Mashreq Bank. On joining Spice Money, Venkatesan said, “We are extremely bullish on growing aggressively and will look forward to raising capital to fuel our growth plans.”
Sameer Nagpal, a highly experienced business leader with over two decades of experience in business and sales strategy, growth management and business operations will work towards scaling up the business and services offered by Spice Money. An INSEAD Alum and MBA in Marketing, Sameer has previously worked with Airtel Payments Bank as Chief Sales Officer and with Lendingkart as Chief of Revenue Operations and Disbursements. His earlier stints include working with Bharti Airtel, Idea Cellular Ltd. and Hindustan Coca-Cola.
Nagpal commented, Spice Money has been making strides in rural India and there is considerable growth potential to be explored by creating a holistic banking and payment ecosystem for the underserved rural citizens.
Vishal Jain, with over 16 years of experience across Banking, Consumer Tech and Financial Services industry will lead Spice Money’s new joint venture entity with Tarya with a focus on establishing a Lendtech business that caters to the specific needs of Bharat and fills the credit gap for MSMEs. In his last assignment, Vishal was the Vice President for Lending Business at Paytm. Earlier, he has been associated with Indifi, Barclays Bank and Standard Chartered Bank. He has also founded two private limited companies, called Pramati Healthcare and Nineyards.
Jain said, he firmly believes that rural India presents a tremendous opportunity for the country’s growth and also value creation.
With the launch of Travel Union, India’s first rural B2B travel tech platform, Bishnu Prasad Mohanty has been elevated as the Chief Operating Officer for Travel Union. Bishnu will spearhead the business operations and overall strategy for Travel Union. Previously, he was Head of Travel and New Verticals and Spice Money. Bishnu has more than 20 years of experience spanning across travel domains with companies like Kuoni Group and VFS Global as a Strategic Business Leader, managing alliances, contracting, and compliances globally.
Addressing the new role, Mohanty, said, “Over the last one year, Spice Money has emerged as a leading fintech for industry-first innovations. With the launch of Travel Union, we aim to further our efforts of creating innovative tech lead solutions catering to travel needs of Bharat consumers. I am excited to drive growth for Travel Union, as we continue to offer customised and industry first travel solutions and offerings to the underserved rural community.”
Sanjeev Kumar, CEO, Spice Money, said, “The new senior leadership appointments are a testimony of our mission of digitally and financially empowering rural India. With the vast experience and expertise of the new leadership team, Spice Money will be able to create a holistic ecosystem of superior technology, new products and robust distribution system thereby furthering the company’s presence and growth across rural India. This will also enable us to expand our scope of services to address more of rural India’s needs, such as the demand for credit and rural-focused travel services, and continue the journey of creating self-reliant rural entrepreneurs that serve their communities with essential digital and financial services.”