Fintech Player BharatPe Appoints Pankaj Goel as Chief Technology Officer
- ByStartupStory | July 5, 2023
BharatPe Group, a prominent fintech player, has appointed Pankaj Goel, formerly the Head of Payments Engineering at Razorpay, as its new Chief Technology Officer (CTO). In his new role, Goel will lead the technology team and report to Nalin Negi, Chief Financial Officer (CFO) and interim CEO at BharatPe. With an extensive background in the industry, including tenure at Razorpay, Intuit, Trilogy, and Sun Microsystems, Goel brings a wealth of experience to the position. His appointment comes after the resignation of Vijay Aggarwal from the CTO role in November 2022.
BharatPe has witnessed a series of leadership changes over the past year, including the departure of key individuals such as co-founders Satyam Nathani and Bhavik Koladiya, CEO Suhail Sameer, CRO Nishit Sharma, VP of Technology Geetanshu Singla, PostPe Head Nehul Malhotra, and CPO of lending and consumer products Rajat Jain. However, the company has been actively restructuring its leadership team since the beginning of 2023. It has recently brought on board industry veterans like Sandeep Indurkar as Chief Business Officer-Banking and Alliances, Aparna Kuppuswamy as Chief Risk Officer, and Kohinoor Biswas as Head of Consumer Lending Business. Additionally, risk and compliance expert Rahul Bhatia and banking industry veteran Ravinder Oberoi were appointed to oversee internal audit and compliance, respectively, in January.
Nalin Negi, the CFO and interim CEO, expressed confidence in the new addition of Pankaj Goel and remarked, “With a seasoned engineering leader like Pankaj joining the team, we are confident that we will be able to build best-in-class fintech products that will further enable the next level of growth for the BharatPe Group of Companies.”
Pankaj Goel, the new leader, added, “As digital becomes more mainstream, I believe there is a huge opportunity for fintech companies to enable the next level of growth story for merchants as well as make an impactful contribution to the overall India growth story. I am hoping that we will deliver impactful solutions that will enable us to not only solve existing problems, but also help us stay ahead of the curve in a rapidly evolving fintech landscape.”
Established in 2018, BharatPe boasts a loyal customer base of more than one crore merchants and handles over 300 million UPI transactions per month. This amounts to an annualized Transaction Processed Value exceeding $24 billion. The company has also disbursed loans worth Rs. 100 billion. With backing from investors like Tiger Global, Dragoneer Investment Group, Steadfast Capital, and Sequoia, BharatPe has raised a significant total of over $583 million in equity, solidifying its position as a leading player in the industry.
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