Fintech main Paytm on Thursday mentioned it has appointed Bhavesh Gupta as the chief govt officer of its lending business.
Gupta will develop and develop Paytm’s lending companies to strengthen the corporate’s imaginative and prescient of monetary inclusion for 500 million Indians, an announcement mentioned.
Under his management, the corporate will proceed to simplify, innovate, and produce new credit score merchandise to tens of millions of Indians and SMEs (Small and medium enterprises) in partnerships with different banks and NBFCs (non-banking monetary corporations), it added.
He will report back to Paytm President Amit Nayyar.
Most not too long ago, Gupta served as the founding member and chief govt officer (CEO) of Clix Capital, earlier identified as GE Capital India.
Prior to that, he was founding member and head – SME and Business Banking at IDFC First Bank and has additionally spent greater than a decade at ICICI Bank the place he performed a senior function throughout retail banking.
“Paytm is on a mission to democratise diversified financial services in the country and access to credit for consumers and small businesses is a critical enabler to fulfil their ambitions and wishes.
“We are very excited to welcome Bhavesh, whose experience would help us accelerate our goals. I look forward to working closely with him to expand our lending business further along with our esteemed banks and NBFC partners,” Paytm President Amit Nayyar mentioned.