Bharat Pay appoints Nehul Malhotra as head of consumer lending

Fintech company BharatPe has brought on board Nehul Malhotra as head of consumer lending, said a statement issued today.

Malhotra will work closely with the CEO, Suhail Sameer, to scale up the consumer-focused lending products at the firm.

In his previous stint, he was executive director at Russell Reynolds Associates. He has an in-depth understanding of fintech, having spent 4.5 years at Paytm. During his stint at Paytm, he held multiple roles including head of customer service, head – payments merchant management and head – seller onboarding for Paytm Mall.

He started his career with McKinsey where he worked on projects across sectors, including BFSI.

“BharatPe, while being a merchant-centric business, is also a trusted consumer brand as our QR codes are all consumer-facing. Our next focus area is consumer credit. Nehul will drive BharatPe’s BNPL offering to be launched in October and also strategise on how to evolve Payback into a consumer lending product from a consumer loyalty one today,” said Ashneer Grover, co-founder and managing director, BharatPe.

“Fintech is a fast evolving industry that is rewriting the rules of banking and financial services in the country. I believe that there is a huge opportunity ahead of us to build innovative credit products for consumers as digital payments and other financial services gain acceptance across the country,” said Malhotra.

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