Cashfree appoints Arun Tikoo as SVP of Business and Strategy, BFSI News, ET BFSI

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Cashfree, a digital payments and banking technology company, has appointed Arun Tikoo as the Senior Vice President of Business and Strategy.

With the new appointment, Cashfree plans to expand its products, merchants, partnerships, and alliances while strengthening the existing distribution network across industries. Arun will be responsible to oversee compliance, pricing, and operational setups of the new product launches.

Arun has over two decades of experience at financial institutions including SBI, Yes Bank, ICICI, and HDFC. He has onboarded startups across fintech, agritech, edutech, and e-commerce & aggregators.

Akash Sinha, CEO, and Co-Founder of, Cashfree said, “Arun Tikoo brings with him a wealth of traditional and digital banking experience. We are thrilled to have him on board. We are confident that Arun’s experience in the BFSI sector and his impressive network, built over 20 years, will propel Cashfree’s growth strategy. There are some exciting things in the pipeline at Cashfree and Arun’s expertise will be critical in helping us move swiftly in our goal of boosting digital payments in India and bringing more people into the financial ecosystem”.

The company aims to grow Cashfree’s footprint in international markets and partnerships with banks.

Arun Tikoo, SVP Business, and Strategy, Cashfree, said, “I am excited to be part of Cashfree at a pivotal growth period. Fintech is the future of the banking and payments industry. It is well-positioned to lead an overhaul of the banking industry in the next five years. As one of the fastest-growing fintech companies in India, Cashfree is poised to increase the industry’s digital footprint with its innovative offerings. My focus will be to create a clear product road map and drive Cashfree’s expansion into new geographies.”



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Ujjivan SFB partners with NIRA to provide personal loans, BFSI News, ET BFSI

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Ujjivan Small Finance Bank announced its collaboration with fintech NIRA as a part of its strategy of leveraging its API Banking platform for fintech partnerships.

Through this partnership, salaried customers can apply for a Personal Loan by using the NIRA app which is available in the play store.

NIRA is a Bangalore based fintech that helps to fund the salaried class, starting at incomes as low as Rs. 15,000 per month. This partnership will help Ujjivan SFB to on-board customers for Personal Loans.

Dheemant Thacker, Head – Digital Banking, Ujjivan Small Finance Bank said, “A robust API Banking framework to enable fintech partnerships such as NIRA is at the core of our digital strategy and helps augment our digital expansion. Collaboration with fintechs like NIRA plays a vital role in the financial ecosystem, especially to serve the mass market. Such partnerships will help us to reach out to more customers with better products and offerings with ease and convenience.”

Manish Kumar Raj, Business Head – Personal Loan, Ujjivan Small Finance Bank said, “We have been actively pursuing this partnership and many others in our quest to serve every segment of customers. NIRA with their very diversified approach gave us this opportunity and we hope this will be a successful collaboration.”

Rohit Sen, CEO and cofounder at NIRA said “After navigating the COVID crises extremely well, we’re now refocusing on our mission to bring credit access to the urban mass market in India.”

“We’ve developed strong expertise in credit scoring and collecting from this group, and in collaboration with banks such as Ujjivan SFB, we can deliver the right product in a timely manner to this segment” added Rohit.

Ujjivan SFB selects fintechs for partnership which identify and solve specific needs of this segment at large. The bank also has an extensive set of APIs for faster integration with fintechs and start-ups.

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