IPO Bound Fintech Startup Paymate appoints former Visa employee Kevin Phalen as Independent Director
- ByTejika Bajaj | December 16, 2021
Ahead of its IPO, Fintech startup Paymate has appointed ex-Visa employee Kevin Phalen as it’s Independent Director. This announcement comes at the backdrop of the Fintech startup launching its subsidiary in UAE.
On Kevin’s appointment, Ajay Adishseshann, Managing Director and Chairman, Paymate India Private Limited said,“We are elated to have Kevin on board at PayMate. Kevin’s experience will help us grow our global footprint and provide the PayMate B2B payments platform to a wider audience.”
Kevin’s strategic insights will help the PayMate team in diverse areas including global expansion. Kevin has most recently worked at Visa Inc. (Visa) as their Head of Global Commercial Business and has experience in the payments industry.
Kevin Phalen further adds, “I am equally excited to join PayMate, one of the leading providers of financial technology solutions that digitise, automate and streamline B2B payments in supply chains and offers a cloud-based platform to customers for all their supply chain payments, statutory payments, and bill payments. This is a booming sub-set of the overall payments industry in which PayMate, through its platform, is offering supplementary avenues for businesses to use commercial cards and automate their end-to-end processes. Together, I am of the opinion, we will create a wider base of PayMate users across the globe.”
PayMate is a Visa-certified Business Payment Solution Provider (BPSP) and is actively gearing up to offer its B2B payments platform and working capital offerings into other countries in the CEMEA region in partnership with Visa and local Financial Institution partners. As of September 30, 2021, the PayMate platform is being used by more than 128,000 Indian businesses.
Follow Startup Story
Related Posts
