In his advisory capacity, Ravindra Pandey will adeptly navigate Credgenics through the intricacies of the BFSI sector with his valuable insights and expertise
Debt recovery and legal automation platform, Credgenics appointed Ravindra Pandey as a Strategic Advisor. In this role, he will be an invaluable asset to Credgenics, contributing with strategic guidance and leveraging his deep understanding of the banking industry to enhance the company's market presence.
The company added in a statement that he will guide the executive team in driving the business growth plans.
Pandey is a banking veteran with 37 years of career including public sector banking giant State Bank of India.
Rishabh Goel, co-founder, and CEO of Credgenics said, “His extensive knowledge and leadership in digital banking, credit management, and technology transformation will be instrumental in steering Credgenics towards new heights of success. This appointment underscores our commitment to delivering unparalleled tech solutions and reinforces our position as a leader in the financial services industry”.
As a senior banker, Ravindra has also served on the board of several large and highly reputed organizations, demonstrating his ability to provide valuable strategic directions, and set the highest standards of corporate governance and compliance culture. He is, at present, on the boards of several highly reputed organisations as an independent director. His rich leadership experience covers all facets of banking, including Digital Banking, Credit Management, SME Banking, Risk and Compliance, International Banking, Rural Credit, Financial Inclusion, and operational expertise.
Ravindra Pandey, strategic advisor at Credgenics said, “ Credgenics, with its innovative tech approach and commitment to excellence, is well-positioned to lead the transformation in the debt management space. I look forward to contributing to the company's journey of sustained success and innovation”.
The start-up is closely working with prominent banks such as ICICI Bank, Kotak Bank, IDFC First, Axis Bank, and multiple NBFCs and fintech like IIFL Finance, DMI Finance, Loantap, MoneyTap, et al.
Credgenics works with more than 100 customers and touched an overall loan book worth $60 Billion in FY23, the company added in its statement. It handles 11 million retail loan accounts and sends 60 million digital communications every month.
Founded in 2019, the Noida-based start-up raised $50 million in Series-B funding led by Westbridge Capital and Accel in August last year. This round also saw participation from Tanglin Ventures, Beams Fintech Fund, and other strategic investors.
This takes the total funds raised by the start-up to $78 million and the fresh deal has valued it at $350 million.