U GRO Capital, a BSE listed, sector-focused small business lending fintech platform, announced the appointment of Rishabh Garg as Chief Technology Officer (CTO), according to ETCIO report.
In this role, Rishabh will lead and drive all technology-based projects, strategy, and innovations for U GRO Capital, as the company ramps up its partnership-based lending products offered under the co-lending model, creates seamless cash-flow based invoice discounting journeys for SMEs for on-tap credit access and ramps up its reach to open more branches during FY 2022.
Prior to joining U GRO Capital, Rishabh served as Co-Founder and CTO of an insurtech startup Gramcover. At GramCover, he built a technology-enabled rural insurance business at scale. In his career spanning over 17 years, Rishabh has built extensive experience in all facets of software development life cycle and building scalable products across Insurance, Lending, Payments, eCommerce, and Telecom domains.
Rishabh also had a stint with organisations like Biz2Credit Inc, Agnity Technologies, Sap Labs India, and Infosys Technologies. He is an IIM Lucknow and IIT Roorkee alumnus.
Speaking on the appointment, Shachindra Nath, Executive Chairman and Managing Director of U GRO Capital stated, “At a time when Banks and NBFCs are transitioning as FinTechs and FinTechs are transitioning as NBFCs, we aspire to build a leadership team which can transcend between traditional balance sheet led the business through highly agile proprietary technology platforms. We are delighted to onboard Rishabh as our Chief Technology Officer. He will play a pivotal role in re-defining U GRO Capital’s technology vision and product roadmap which will be a key pillar of the organization’s expansion journey in the coming year. We wish him all the very best and hope for a long and fruitful association with U GRO Capital.”
On his appointment, Garg said, “I am excited to be a part of the motivated U GRO Capital team which has set out on its aspirational growth journey. For a fintech like U GRO Capital, technology is one of the crucial pillars, hence, it offers me a tremendous platform to utilize my domain capabilities and I look forward to a compelling collaboration.”
U GRO Capital recently expanded its geographical presence by opening 25 Tier II & III town branches across 5 states by venturing into the microenterprise lending segment under the GRO Micro distribution channel and intends to scale up to 100 GRO Micro branches this financial year.
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.