November 28, 2022

Rural fintech firm Spice Cash has introduced the appointment of 4 senior leaders. This contains Vivek Venkatesan as chief monetary officer for Spice Cash, Sameer Nagpal as chief enterprise officer for Spice Cash, Vishal Jain as chief enterprise officer for the brand new lendtech enterprise entity (JV between Spice Cash & Israel-based Tarya Fintech), and Bishnu Prasad Mohanty as chief working officer for Journey Union.

The brand new appointments are aligned with the corporate’s imaginative and prescient of turning into essentially the most admired rural fintech model in India. Spice Cash has witnessed sturdy progress in FY21 and has plans to proceed to develop quickly whereas introducing new strains of enterprise and product choices which will probably be helmed by the senior management of the corporate.

Vivek Venkatesan, a Chartered Accountant with 20 years of expertise throughout the banking and fintech industries will drive the monetary technique at Spice Cash to attain the corporate’s targets of enterprise enlargement and worthwhile progress. Previous to becoming a member of Spice Cash, Vivek has labored because the CFO at Jio Monetary Providers. “We’re extraordinarily bullish on rising aggressively and can look ahead to elevating capital to gas our progress plans,” mentioned Venkatesan in a launch.

Sameer Nagpal, a enterprise chief with over 20 years of expertise in enterprise & gross sales technique, progress administration and enterprise operations will work in the direction of scaling up the enterprise and companies supplied by Spice Cash. An INSEAD Alum and MBA in Advertising, Sameer was final with Lendingkart as Chief of Income Operations and Disbursements. “I’m trying ahead to driving strategic initiatives that carry Spice Cash nearer to realising the total potential of its monetary inclusion mission,” mentioned Nagpal.

Vishal Jain, with over 16 years of expertise throughout Banking, Client Tech and Monetary Providers business will lead Spice Cash’s new three way partnership entity with Tarya with a deal with establishing a Lendtech enterprise that caters to the precise wants of Bharat and fills the credit score hole for MSMEs. In his final project, Vishal was the Vice President for Lending Enterprise at Paytm. “We purpose to complement lives in essentially the most credit score underserved segments in India by means of revolutionary and complete credit score merchandise,” he mentioned.

With the launch of Journey Union, India’s first rural B2B journey tech platform, Bishnu Prasad Mohanty has been elevated because the Chief Working Officer for Journey Union. Mohanty will spearhead the enterprise operations and total technique for Journey Union. “ With the launch of Journey Union, we purpose to additional our efforts of making revolutionary tech lead options catering to journey wants of Bharat shoppers. I’m excited to drive progress for Journey Union, as we proceed to supply customised and business first journey options and choices to the underserved rural neighborhood,” mentioned Mohanty.

Sanjeev Kumar, CEO, Spice Cash, mentioned, “The brand new senior management appointments are a sworn statement of our mission of digitally and financially empowering rural India.”

These management appointments are strategically aligned with Spice Cash’s purpose to strengthen human capital inside the firm and having folks with the precise expertise in addition to experiences, thereby driving the subsequent stage of progress for the corporate.

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