Aye Finance – a fintech lender servicing the credit needs of the micro-enterprise segment, has appointed Mayank Thatte as its chief financial officer.
Most recently, Thatte served as CFO at Electronica Finance, and he has over 19 years of experience working with leading organisations in the BFSI space – Tata Motors Finance, Tata Capital, ICICI Bank, among others. He brings to his new role a comprehensive perspective on all the corporate finance, treasury, MIS and accounting functions and will be responsible for strengthening the financial and regulatory reporting and driving operational and digital transformation.
“Mayank’s impressive track record of success in treasury, financial controllership and regulatory compliances is an excellent fit with our objectives and growth plans. His appointment is fundamental at these times which, although are challenging, also offer us an opportunity to support our chosen customer segment of micro-enterprises, and his focus on managing and optimising Aye’s operating efficiency and financial performance will ably support our strategies,” Sanjay Sharma, MD of Aye Finance, said.
“Aye has been transforming micro-enterprise lending in India and has been instrumental in serving the credit needs of the bottom of the pyramid businesses. I look forward to working with the management and the board and supporting its growth plans,” said Thatte.
The company’s investors include CapitalG (erstwhile Google Capital), Elevation Capital (erstwhile SAIF Partners), LGT, Falcon Edge Capital, A91 Partners and MAJ Invest, and has leading banks and impact investors from India (SBI, HDFC, ICICI, Nabkisan, etc) and international markets (FMO, BlueOrchard, Symbiotics, Triple Jump, etc.) that provide debt lines to support it in its mission to transform micro-enterprise lending in India.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.