Former Standard Chartered exec joins digital lending firm Finnable as co-founder

Digital lending firm Finnable Credit Pvt. Ltd announced on Wednesday that Amit Arora has come on board as a co-founder. 

Arora will join chief executive officer Nitin Gupta and director Viraj Tyagi as co-founders of Finnable, the non-banking financial company (NBFC) said in a statement.

In his previous role, Arora was based out of Singapore as the global head for digital capabilities at Standard Chartered Bank. 

Before that, he worked for the bank as chief operating officer-retail products and digital; country risk head for Malaysia; and consumer banking head for Vietnam. Arora has been a retail banker for more than 20 years, working across segments such as general management, product, risk and digital  

“Indian customers have growing aspirations and multiple choices available to them. Finnable’s goal is to provide customers a simple and fast digital financing option as and when they need them,” Arora said in a statement.

Founded in 2017, Finnable facilitates lending on its digital platform. The founding duo of Gupta and Tyagi had started NettPositive Analytics in 2007, which went on to be acquired by Equifax Inc in 2014. 

Recent developments in the fintech segment

• Fintech startup Recko raised $1 million in a seed round of funding from Prime Venture Partners.
• Retail investor platform Streak AI raised $1 million in a pre-Series A funding round led by 3one4 Capital.
• Education-focussed fintech startup Finwego secured $1.7 million in a funding round led by SAIF Partners.