Dec 26, 2022
Financial Inclusion as a Human Right .
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Financial Inclusion as a Human Right .
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Vivifi appoints Narayanan Ramamurthy as CFO
Hyderabad: Vivifi India Finance Private Limited (Vivifi), a FinTech NBFC (non-banking finance company), has announced the appointment of Narayanan Ramamurthy as the company’s Chief Financial Officer (CFO). Prior to joining Vivifi, Narayanan helped Bank Bazaar, as its CFO, with financial partnerships including equity partnerships from Amazon.
A chartered accountant by profession, Narayanan has over two decades experience and has worked with global organizations such as Deloitte, Accenture, Citibank and KPMG. He has also provided consulting services to various startups and SMEs in the FinTech vertical.
Speaking on the appointment, Anil Pinapala, founder & CEO, Vivifi India, said, “Besides his rich experience in global consulting firms, Narayanan has demonstrated strong capabilities in establishing strategic financial partnerships with banks & non-banking institutions. This appointment is the first step of a comprehensive plan to add experienced resources in leadership roles who will expand & strengthen Vivifi’s growth trajectory. Vivifi has been funding its own loans & operations until now and is looking for financial partnerships for debt as well as equity to help fuel its growth.”
He further added, “We are expanding Vivifi’s customer base across regions, income and credit spectrums. We want to help consumers who, being non-prime, new-to-prime and new-to-credit, don’t normally have access to credit whenever and wherever they need. As we embark on this exponential growth phase, Narayanan will lead the initiative to establishing strategic funding partnerships with investors, banks & other large NBFCs.”
Commenting on his new role, Narayanan said, “Vivifi has achieved good penetration in a short span of time. My role will be of adding fuel to this growth by bringing in the right strategic long-term partnerships that are required for a new-age FinTech NBFC to rapidly capture market share. We will be looking at a right mix of equity and debt to optimise the growth opportunities.”
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Vivifi is looking to raise INR 100 crore
The Indian Lending Business Size is put at $ 1.2 Trillion
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