Mobikwik, a Gurugram-based fintech company, announced it has promoted its Senior Vice President of payments business, Chandan Joshi as company’s Co-founder and CEO of payments business.
Prior to this role, Chandan has been managing the wallet and the payments gateway business for the last two and a half years. As the CEO of the payments business, Chandan will oversee the payments business which drives 75 per cent of the revenue even as he continues to drive the sales, marketing, product and engineering functions. In his new role, all the functions in payments business unit will now report to him.
“Chandan has demonstrated all the right traits that we look for in a business leader – he leads from the front, is invested in his teams, is tenacious in driving business results and in closing large strategic deal,” said Bipin Preet Singh, Co-founder & CEO MobiKwik.
Chandan is an IIT graduate and has a masters degree in Business from London School of Business. Chandan has earlier worked as a financial trader in global financial markets with Credit Suisse in London & Hong Kong.
“I share a good rapport with Upasana and Bipin and share their vision of delivering on the Digital Credit Card opportunity. I am confident that together we will be able to profitably grow MobiKwik and take the company public,” said Chandan Joshi, Cofounder MobiKwik.
MobiKwik has three business lines — consumer payments, financial services and payment gateway. Since 2018, MobiKwik claims it has disbursed 19 lakh loans via its Digital Credit Line, which disburses money instantly to the user’s wallet. The company ventured into the mutual fund space with the acquisition of Mumbai-based Clearfunds.
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