EnKash has announced the appointment of Vibhor Chugh as its chief risk officer (CRO). In his new role as Chief Risk Officer at EnKash, Vibhor will be responsible for overseeing and enhancing the risk management strategies to support EnKash's growth and continued success in the fintech industry. 

Vibhor has two decades of experience in risk management and credit assessment. Prior to joining EnKash, Vibhor served as the chief risk officer and various other roles at large NBFCs and banks, including Bajaj Finserv, Karvy Financial Services, Fullerton India, ICICI Bank and IREP Credit Capital PVT LTD.

In his previous stints, Vibhor oversaw risk management for various loan categories within the SME business loans, working capital loans, credit lines, etc. He also built high-end lending tech to implement credit risk assessment and data modeling using AI and ML based models.

Commenting on the announcement, Naveen Bindal, co-founder,EnKash, said,"We welcome Vibhor to the EnKash family. His substantial knowledge in risk management and credit evaluation will serve as a cornerstone in guiding us through our roadmap of new products and services for the large untapped SME market.His established history of spearheading credit policies and procedures harmonizes seamlessly with EnKash's aspiration to scale its credit offering in conjunction with lending partners."

Speaking on the appointment, Vibhor Chugh, shared,"I am excited to join the EnKash team and be a part of their mission of streamlining business payments. EnKash's unwavering focus on technology innovation, along with its steadfast dedication to upholding the utmost standards in risk management, perfectly aligns with my professional goals."

EnKash became operational in 2018. It offers a suite of products to digitize the CFO’s office including payables, receivables, expense management, corporate cards, employee rewards and channel incentive automation solutions. The company has till date raised $23 million led by marquee investors such as Ascent Capital, MayField India, Baring India, Axilor Ventures & Singapore based White Ventures.