Ezetap promotes CEO, Byas Nambisan to Co-Founder

By Leandra Monteiro

Ezetap, a digital payments leader, has announced that Byas Nambisan, CEO, since 2019, has now been nominated as a Co-Founder by the Board. This is in recognition of his leadership in bringing the company to the forefront of India’s dynamic FinTech landscape.

The Board has also recognized Arjun Ramesh, Vice President International Sales, UAE, and Tamal Das, Vice President Customer Solutions & Software Engineering QA, as members of the Founding Team. In the past six months, the company also promoted Vineet Suneja to Chief Revenue Officer to spearhead business development and alliances with the leading merchant acquiring banks, FinTech partners, and retail channels.

Ezetap has shown strong growth over the past few years and has expanded its partnership to now cover 7 leading banks in India and has most of the marquee enterprises as its clients. The company grew over 90% YoY as of December 2021. It processes $8 billion in annualized GTV through 4 lakh retail points and is aiming to reach INR 7,500 Crore in annual revenue by 2024.

Commenting on the growth of the company, Byas Nambisan, CEO & Co-Founder, Ezetap said, “It’s an exciting time at Ezetap. We have a two-pronged focus – innovation and expansion. We have strengthened our bank partnerships in India and the UAE and are working on expanding beyond these geographies. We plan to support this growth by doubling our workforce by 2022. We are also looking to raise $50-60M in funding, towards the same goal, and have recently appointed Unitus Capital as our Investment Banker.”