Cashfree Payments Bolsters Senior Leadership Team to Drive Next Phase of Growth

• ByStartupStory     |    June 14, 2023

Cashfree Payments, a prominent payments and API banking solutions company in India, has recently bolstered its senior leadership team in order to propel the company’s future growth. Parveen Kumar has assumed the role of Vice President of Operations, while Vijay Ravisekar has been appointed as Vice President of Product Management. This strategic move aims to strengthen Cashfree’s position in the market and enhance its operational efficiency, thereby ensuring a seamless experience for its customers.

As Cashfree Payments prepares for its upcoming growth phase, the company has made significant leadership changes. These appointments are anticipated to facilitate the acceleration of innovation and growth within the company. Notably, Arun Tikoo has been promoted to the position of Chief Business Officer (CBO), while Ramkumar Venkatesan has taken on the role of Chief Technology Officer (CTO). These announcements underline Cashfree Payments’ commitment to fostering progress and success in their operations.

With an extensive background spanning more than 15 years, Praveen Kumar possesses a wealth of industry expertise in optimizing customer experience, financial management, and operational development across diverse sectors. He holds a B.Tech degree in Aerospace Engineering from the prestigious Indian Institute of Technology, Kharagpur, as well as a PGDM in strategy and operations from the Indian Institute of Management, Ahmedabad. In his new capacity at Cashfree Payments, Parveen will spearhead the operations and customer service division, driving expansion efforts, fostering research and innovation, and upholding a commitment to delivering exceptional customer support.

Commenting on the appointment, Akash Sinha, Co-Founder & CEO, Cashfree Payments said, “I am thrilled to welcome Parveen and Vijay on board. Their proven ability to expand businesses, build exceptional teams, drive product innovation, and forge strong alliances will undoubtedly propel our company’s growth and development with renewed enthusiasm. Cashfree Payments is currently in an incredibly exciting phase of its growth, positioning itself as a leader in the payments ecosystem. I am confident that Parveen and Vijay will play a vital role in our company’s tremendous growth.”

Cashfree Payments, commanding a dominant market share of over 50% among payment processors, is at the forefront of bulk disbursals in India, notably with its flagship product Payouts. The recent investment by SBI, India’s largest lender, serves as a testament to Cashfree Payments’ pivotal role in fostering a resilient payments ecosystem. The company collaborates closely with leading banks to establish the foundational payments and banking infrastructure that empowers its cutting-edge products. Moreover, Cashfree Payments seamlessly integrates with renowned platforms like Shopify, Wix, Paypal, Amazon Pay, Paytm, and Google Pay, amplifying its reach and impact. Beyond India, Cashfree Payments’ solutions are leveraged in eight other countries, including the USA, Canada, and UAE.

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