Online payment solutions provider PayU’s alternate lending business PayU Credit India has announced two key appointments as the company focuses on building a full-stack digital lending platform to accelerate its credit business.
The Hoofddorp, Netherlands-based company has hired Anup Agrawal as its business head for LazyPay and Vikas Sekhri as its chief product officer (CPO) for PayU Credit India, according to a statement.
In their new roles, Agrawal will lead the buy-now-pay-later business LazyPay, and will strengthen the local credit business ecosystem, while Sekhri will be responsible for overseeing the product strategy at the company.
“Anup holds an in-depth understanding of the banking industry, which will surely add up to aligning our business strategies and operations for the credit business in India. Vikas, on the other hand, comes with rich experience across payment, credit, marketing, and technology and we are confident that it will aid in constructing the credit product portfolio,” Prashanth Ranganathan, CEO, PayU Finance, said.
Prior to the current role, Agrawal served at private banks like Citibank, and Standard Chartered, telecommunications company Reliance Jio and non-banking financial company InCred. Sekhri worked for lending company EarlySalary and mobile marketing and analytics platform ZipDial Mobile Solutions. He also set up his own venture in the consumer lending space, CashCare.in, in 2014.
Sekhri holds a masters of business administration (MBA) in entrepreneurship from The Wharton School, University of Pennsylvania. Agrawal has a postgraduate diploma in management (PGDM) in finance and marketing from Management Development Institute, Gurgaon.
PayU Credit provides consumers with easy access to affordable short-term loans of up to Rs 5 lakh and can be availed in the form of personal loans, point of sale equated monthly installments (EMI), and express loans.
In February, Amrish Rau, head of fintech investments and partnerships at PayU India, stepped down after a little over three years at the Naspers-owned firm.