back Back

LenDenClub appoints Mudit Agarwal as CBO – New Business Initiatives

By Leandra Monteiro

May 23, 2022

  • Credit Score
  • Digital Lending
  • India
Share

LenDenClub LenDenClub, one of India’s largest Peer-to-Peer Lending platforms is building a formidable leadership team as it prepares for its next growth phase, chasing an ambitious goal of $1 billion in loan disbursals.

To this effect, the RBI registered NBFC-P2P has made a key leadership appointment and hired CA Mudit Agarwal as its first Chief Business Officer – New Business Initiatives. Mudit joins LenDenClub with over two decades of experience in the Banking and Financial Services Industry (BFSI), managing risk and returns strategies, P&L ownership, Cost Optimisation Projects, solving Portfolio Management Challenges, and New Product Development.

At LenDenClub, Mudit will be responsible for identification, development and execution of new business segments within existing business lines to drive efficiencies. He will also explore new business opportunities to build the Alternate Investment Portfolio for investors with a combination of fixed and variable income product alternatives which aim to provide flexibility and liquidity.

With an illustrious career spanning over two decades, Mudit brings a comprehensive experience from the finance ecosystem, where he excelled with New-Age Private Banks, various NBFCs and Fintechs from India and across the globe. He has spent his last seven years in leadership positions with prominent brands such as Capital Float, Tata Capital, and Kobo360, driving profitability with his contribution. In addition, he has managed various functions in the lending space, both on the Business and the Credit Risk side. His core functional competencies include Credit & Risk Control, Receivables Management, EWS, Credit Policy, Appraisal & Underwriting, Finalising Control Measures, and Process Re-engineering in the Banking, Financial and Logistics sectors. In his last stint with Kobo360, which is an Uber for trucks in Africa, he was heading their finance vertical.

Speaking on the appointment, Bhavin Patel, Co-founder & CEO, LenDenClub, said, “This financial year, we aspire to achieve exponential growth. $1 Billion in Loan disbursals is what we are targeting, and my firm belief is that we need a strong leadership team to achieve this and set up a base for the next 10X growth. I am delighted to have Mudit on our leadership team. He has demonstrated a strong track record of scaling fast-growing companies to become industry leaders. He shares a deep passion for our mission, and I feel that he is the right fit to make an impact in aiding LenDenClub’s growth trajectory and achieving immediate and future growth targets. I wish Mudit all the very best in his endeavour to establish new lines of business and a long, fruitful and mutually beneficial stint with us.”

Speaking on his appointment, Mudit Agarwal said, “LenDenClub is a profitable and well-positioned organisation, which strives to fulfil the demands that have been left unmet by other financial companies. It has a strong business model, and I look forward to using my expertise to accelerate growth by expanding its current business lines and increasing profitability. The company is focused on growing aggressively, and I am keen to fuel LenDenClub and its ambitious growth plans. Ultimately, I want to contribute towards digital India by using my experience in building a sustainable alternate investment and finance option for the people of India.”

Previous Article

May 20, 2022

Payments made easy in Latin America: Interview with Jairo Riveros, Managing Director for the Americas and Global Head of Strategy at Paysend Global

Read More
Next Article

May 23, 2022

Aid organisations can now distribute financial crisis help with Enfuce’s First Aid Card

Read More








IBSi Daily News Analysis

Generative AI

April 12, 2024

Credit Score

Security experts sound the alarm on Deepfake threats in the age of AI

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

April 12, 2024

Navy Federal Credit Union expands partnership with Backbase

Read More

April 11, 2024

FinTech Optasia secures PFTSP license by the Bank of Ghana

Read More

April 11, 2024

Experian set to acquire illion in Australia and New Zealand

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023