Cashfree Ropes In Former PhonePe Executive Nitin Pulyani As Product Head and SVP

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SUMMARY

In his new role, Pulyani will be responsible for product development and innovation along with developing strategic growth initiatives for Cashfree

Prior to that, Pulyani served as the product leader at Mumbai-based fintech startup Jupiter

Recently, Cashfree appointed former Razorpay’s SVP Harsh Gupta as the chief revenue officer (CRO)

Fintech startup Cashfree Payments has roped in former PhonePe executive Nitin Pulyani as its product head and senior vice president (SVP).

In his new role, Pulyani will be responsible for product development and innovation along with developing strategic growth initiatives for Cashfree, the company said in a statement. 

Prior to that, Pulyani served as the product leader at Mumbai-based fintech startup Jupiter. He also worked as the director of product management at PhonePe from 2018-2022.

Pulyani brings over two decades of experience in product development and management. His portfolio also includes companies like NeoGrowth and Ola.

“As the Indian digital economy continues to expand, I see tremendous potential to leverage Cashfree’s years of research and innovation in the fintech space to drive growth and scalability for businesses,” said Pulyani.

The development comes at the heart of Cashfree appointing former Razorpay’s SVP Harsh Gupta as the chief revenue officer (CRO).

As per the release, these appointments align with Cashfree’s market expansion strategy.

Founded by Akash Sinha and Reeju Datta in 2015, Cashfree operates a full-stack digital payments solution platform. It claims to assist more than 6 Lakh businesses with payment collections, vendor payouts, instant loan disbursements and e-commerce refunds.

Cashfree counts companies like Cred, BigBasket, Zomato, Ixigo, Acko, Zoomcar, and Delhivery among its key customers.

In July, the Bengaluru-based company became the first entity to receive the Payment Aggregator Cross Border (PA-CB) licence, after the Reserve Bank of India (RBI) released guidelines to regulate entities facilitating cross-border payments.

This licence enables the startup to process cross-border online transactions for the import and export of goods and services. 

In March, Cashfree rolled out ‘Embedded Payments’, a payment solution enabling software platforms to facilitate direct payments between their businesses and users.

The company saw its net loss widen by 46X to INR 133.1 Cr in FY23 from INR 2.9 Cr in the previous year, hurt by a sharp jump in its employee costs.

 





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Cashfree Ropes In Former PhonePe Executive Nitin Pulyani As Product Head and SVP


SUMMARY

In his new role, Pulyani will be responsible for product development and innovation along with developing strategic growth initiatives for Cashfree

Prior to that, Pulyani served as the product leader at Mumbai-based fintech startup Jupiter

Recently, Cashfree appointed former Razorpay’s SVP Harsh Gupta as the chief revenue officer (CRO)

Fintech startup Cashfree Payments has roped in former PhonePe executive Nitin Pulyani as its product head and senior vice president (SVP).

In his new role, Pulyani will be responsible for product development and innovation along with developing strategic growth initiatives for Cashfree, the company said in a statement. 

Prior to that, Pulyani served as the product leader at Mumbai-based fintech startup Jupiter. He also worked as the director of product management at PhonePe from 2018-2022.

Pulyani brings over two decades of experience in product development and management. His portfolio also includes companies like NeoGrowth and Ola.

“As the Indian digital economy continues to expand, I see tremendous potential to leverage Cashfree’s years of research and innovation in the fintech space to drive growth and scalability for businesses,” said Pulyani.

The development comes at the heart of Cashfree appointing former Razorpay’s SVP Harsh Gupta as the chief revenue officer (CRO).

As per the release, these appointments align with Cashfree’s market expansion strategy.

Founded by Akash Sinha and Reeju Datta in 2015, Cashfree operates a full-stack digital payments solution platform. It claims to assist more than 6 Lakh businesses with payment collections, vendor payouts, instant loan disbursements and e-commerce refunds.

Cashfree counts companies like Cred, BigBasket, Zomato, Ixigo, Acko, Zoomcar, and Delhivery among its key customers.

In July, the Bengaluru-based company became the first entity to receive the Payment Aggregator Cross Border (PA-CB) licence, after the Reserve Bank of India (RBI) released guidelines to regulate entities facilitating cross-border payments.

This licence enables the startup to process cross-border online transactions for the import and export of goods and services. 

In March, Cashfree rolled out ‘Embedded Payments’, a payment solution enabling software platforms to facilitate direct payments between their businesses and users.

The company saw its net loss widen by 46X to INR 133.1 Cr in FY23 from INR 2.9 Cr in the previous year, hurt by a sharp jump in its employee costs.

 





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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