Atal Agarwal has joined LenDenClub as Head of Initiatives and New Strategies

• ByStartupStory     |    March 25, 2022

LenDenClub, a peer-to-peer lending network, has hired Atal Agarwal as its Head of Strategy and New Initiatives. The appointment is well-timed to allow the company to capture any new opportunity that arises during its next phase of expansion. Atal will join the leadership team and the board of directors at LenDenClub in this newly created role to assist the organization to grow and develop.

Atal joins the board with more than three decades of experience in investment banking, corporate banking, and credit ratings. He worked as an investment banker for nearly 13 years, holding positions of leadership with companies such as DSP Merrill Lynch, Barclays Capital, and Jardine Fleming, among others. Atal will spearhead LenDenClub’s strategic push to expand its brand portfolio and range of services.

Mr. Agarwal has worked as an investment banker for almost 13 years, holding positions of leadership in firms such as DSP Merrill Lynch, Barclays Capital, and Jardine Fleming. He also held a senior managerial position at Crisil, where he was in charge of pan-India sales and commercial development activities.

Atal Agarwal graduated with a gold medal in B-tech from IIT Varanasi and an MBA from IIM Calcutta. He has managed numerous disinvestment, capital raising, and consulting activities, both debt and equity, in domestic and international markets for a varied variety of customers during his career.

With record disbursements, customer acquisitions, top-line growth, profitability, and distinct product offerings, LenDenClub’s operational success was exceptional in FY 21-22. The company has devised a multi-pronged plan to accelerate its growth by establishing itself as the preferred Peer-to-Peer Lending platform for the country’s underserved investors and borrowers and supporting them with a variety of everyday financial needs. This pivotal strategic hire will be vital in achieving the company’s growth goals.

Tuscan Ventures, Ohm Stock Brokers, and Artha Venture Fund were among the investors who helped the company raise USD 10 million in a Series A round led by a consortium of investors.

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