Noida-based digital payment major Paytm has appointed Bhavesh Gupta as the CEO of its lending business.
Under his leadership, Paytm aims to simplify, innovate, and bring new credit products to millions of Indians & SMEs in partnerships with other banks and NBFCs. He will be reporting to Paytm president Amit Nayyar.
Bhavesh has led the digital transformation journey of some of the top retail banks and NBFCs in the country. He was Founding Member and Head — SME & Business Banking at IDFC First Bank for two years. Also, he has spent more than a decade at ICICI Bank where he played a senior role across retail banking.
Most recently, he served as the Founding Member & CEO of Clix Capital. He was responsible for using cutting edge technology and analytics to deliver simple, fast, innovative, and customised solutions to customers. Additionally, his main focus was on building a well-diversified NBFC in digital consumer and MSME lending along with urban affordable housing segment.
Paytm continues to build their presence in financial services through multiple senior hires in the last 12 months. The hiring has been across insurance, Paytm Money, and now lending business vertical. In lending business, they have launched Paytm First Credit Card, Paytm Postpaid, Personal Loans and Merchant Cash Loans in partnership with bank and NBFCs.