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Lending startup LoanTap appoints Ashish Jain as CFO; Rajeev Das as CRO
Fintech platform LoanTap has appointed Ashish Jain as its chief financial officer and Rajeev Das as its chief risk officer, the company said in a press release. Their primary responsibilities will include execution of strategic initiatives, the company added.
Ashish, an industry veteran, has worked with companies such as L&T Financial Services, IDFC First Bank and KPMG, while Rajeev spent more than two decades at Standard Chartered Bank.
CoinSwitch appoints Ramesh Bafna as CFO
India’s largest cryptocurrency platform appointed Ramesh Bafna as its chief financial officer, taking over the role from Sarmad Nazki.
In the past, Ramesh has worked with companies like and where it has built sustainable market revenue models, as has Wipro.
Ramesh’s experience solving large-scale problems at high-growth companies will help us strengthen and expand CoinSwitch to serve the next billion people,” said Ashish Singhal, Co-Founder and CEO of CoinSwitch.
Arya.ag loan books cross Rs 500 mark
Agritech platform said on Tuesday that its loan portfolio crossed the Rs 500 crore mark on its in-house fintech platform, Aryadhan, for the half-year period.
The platform has disbursed over Rs 1,200 crore in loans so far, with “near-zero non-performing asset” levels.
Founded and managed by Prasanna Rao, Anand Chandra and Chattanathan Devarajan, the Noida-based startup helps farmers find warehouses to store their grains and produce and provides financing and market linkages through a digital platform that is accessible across the value chain. from small farmers to large corporations. It connects sellers and buyers of agricultural produce and provides assurance about quantity, quality and payments.
Fintech platform Lentra AI acquires Singapore-based artificial intelligence company TheDataTeam
A digital lending platform has acquired Chennai- and Singapore-based artificial intelligence company, TheDataTeam, in a bid to help banks and financial institutions make better data-driven decisions about customers’ credit repayment history, it said on Tuesday.
Lentra will use TheDataTeam’s Cadenz, a behavioral intelligence platform to help financial institutions make data-driven decisions.
Rangarajan Vasudevan, founder and CEO of TheDataTeam, will join HDFC Bank and Bessemer Venture Partners-backed Lentra as co-founder and chief data officer as per the terms of the deal.
The implementation of Cadenz is expected to reduce time to market for fintech platforms and help them launch new, innovative products faster.
Blockchain-powered TraceX partners with TechnoServe to track coffee produced in Araku Valley
which uses blockchain to improve food and supply chain transparency, said it has partnered with non-profit organization, TechnoServe, to offer digital traceability for coffee produced by 3,500 farmers in Andhra Pradesh’s Araku Valley.
The partnership will enable TechnoServe’s partner brands such as and Humble bean the ability to track and record the journey of coffee beans through the stages of production.
(This is an ongoing story and will be updated with the latest updates throughout the day.)
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