Spice Money strengthens its senior leadership team

Rural fintech company Spice Money has announced the appointment of four senior leaders. This includes 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 (JV between Spice Money & Israel-based Tarya Fintech), 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 strong growth in FY21 and has plans to 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. “We are extremely bullish on growing aggressively and will look forward to raising capital to fuel our growth plans,” said Venkatesan in a release.

Sameer Nagpal, a business leader with over two decades of experience in business & 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 was last with Lendingkart as Chief of Revenue Operations and Disbursements. “I am looking forward to driving strategic initiatives that bring Spice Money closer to realising the full potential of its financial inclusion mission,” said Nagpal.

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. “We aim to enrich lives in the most credit underserved segments in India through innovative and comprehensive credit products,” he said.

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. Mohanty will spearhead the business operations and overall strategy for Travel Union. “ 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,” said Mohanty.

Sanjeev Kumar, CEO, Spice Money, said, “The new senior leadership appointments are a testimony of our mission of digitally and financially empowering rural India.”

These leadership appointments are strategically aligned with Spice Money’s aim to strengthen human capital within the company and having people with the right skills as well as experiences, thereby driving the next level of growth for the company.