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Spice Money Strengthens Its Senior Leadership Team

It appointed Vivek Venkatesan as Chief Financial Officer (Spice Money), Sameer Nagpal as Chief Business Officer (Spice Money), Vishal Jain as Chief Business Officer (Lendtech business, JV between Spice Money & Tarya Fintech) and Bishnu Prasad Mohanty as Chief Operating Officer (Travel Union).

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Spice Money, on Thursday, said that it has appointed four senior leaders Vivek Venkatesan as Chief Financial Officer, Sameer Nagpal as Chief Business Officer for Spice Money, Vishal Jain as Chief Business Officer for the new Lendtech Business Entity and Bishnu Prasad Mohanty as Chief Operating Officer for Travel Union. 

According to the official statement, the new appointments are aligned with the company’s vision of becoming the most admired rural fintech brand in India.

Vivek Venkatesan, a Chartered Accountant (CA) will drive the financial strategy at Spice Money to achieve the company’s goals of business expansion and profitable growth. “I am glad to join Spice Money, as its vision aligns with my passion for financial inclusion. Spice Money has a strong business model and I look forward to working with the leadership to accelerate growth and deliver value to the stakeholders. We are extremely bullish on growing aggressively and will look forward to raising capital to fuel our growth plans,” said the Chief Financial Officer, Vivek Venkatesan. 

Sameer Nagpal will work towards scaling up the business and services offered by Spice Money.On joining Spice Money,  Nagpal said, “Given my close affinity with rural markets, I am excited to be joining Spice Money and look forward to leveraging my experience to help the company reach new heights, while ensuring a great experience for its core customers and stakeholders. Spice Money has been making strides in rural India and there is considerable growth potential to be explored by creating a holistic banking and payment ecosystem for the underserved rural citizens. I am looking forward to driving strategic initiatives that bring Spice Money closer to realising the full potential of its financial inclusion mission.”  

Talking about the Vishal Jain 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. "I firmly believe rural India presents a tremendous opportunity for the country's growth and also value creation. I look forward to contributing to this exciting journey through the Spice Money-Tarya JV. Spice money’s deep understanding of the rural landscape coupled with Tarya’s digital lending capabilities provides a strong foundation for success. We aim to enrich lives in the most credit underserved segments in India through innovative and comprehensive credit products," Jain said. 

With the launch of Travel Union, a rural B2B travel tech platform, Bishnu Prasad Mohanty will spearhead the business operations and overall strategy for Travel Union. “Over the last one year, Spice Money has emerged as a leading fintech for industry-first innovations. With the launch of Travel Union, we aim to further our efforts of creating innovative tech lead solutions catering to the 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 Prasad. 

These leadership appointments are strategically aligned with Spice Money’s aim to strengthen human capital within the company and have people with the right skills as well as experiences, as per the official statement.

“The new senior leadership appointments are a testimony of our mission of digitally and financially empowering rural India. With the vast experience and expertise of the new leadership team, Spice Money will be able to create a holistic ecosystem of superior technology, new products and a robust distribution system thereby furthering the company’s presence and growth across rural India. This will also enable us to expand our scope of services to address more of rural India’s needs, such as the demand for credit and rural-focused travel services, and continue the journey of creating self-reliant rural entrepreneurs that serve their communities with essential digital and financial services,” said CEO of Spice Money, Sanjeev Kumar. 

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