LoanTap Announces Appointments to Drive Growth and Innovation

LoanTap, a digital lending platform on Tuesday announced a series of strategic appointments and promotions to bolster its team of highly experienced professionals.

In its media statement, the company said, “LoanTap is pleased to announce the appointment of Rajeev Das, formerly the Chief Risk Officer (CRO) of LoanTap, as the Chief Executive Officer (CEO) of i-Loan Credit Private Limited.”

i-Loan Credit Private Limited is an RBI-registered NBFC that focuses on loans for electric two-wheelers and green energy.

Das will bring an impressive career spanning over two decades at Standard Chartered Bank, where he successfully managed the bank’s substantial SME portfolio. His extensive experience includes overseeing various audits, such as RBI audits, BRR audit, TCF audit, peer audit, and group audit of sales operations in India and abroad.

As CEO of i-Loan, Das will leverage his visionary approach to drive the company's strategic vision of green finance and actively promote the adoption of electric two-wheelers. Under his leadership, i-Loan aims to establish electric two-wheelers as the new paradigm, contributing to a greener and more sustainable future.

In addition, Ameet Venkeshwar, a seasoned finance professional with over 16 years of experience, has been promoted from Business Head to the prestigious position of Chief Business Officer (CBO).

With a successful track record in aligning businesses for optimal results, Venkeshwar brings invaluable expertise to his new role. His previous role as the Zonal Sales Head for Maharashtra at IndusInd Bank and his experience with Citi Finance further enhance his capabilities. As CBO, Venkeshwar will provide strategic leadership and oversee all aspects of LoanTap’s business operations, with a specific focus on Distribution and AfterPay. His appointment is expected to drive efficiency, enhance productivity, and propel the company towards achieving its targets and business performance goals.

LoanTap’s Co-Founder and CEO, Satyam Kumar expressed his thoughts stating, “We are proud to announce the well-deserved leadership roles assigned to Ameet Venkeshwar and Rajeev Das as they fully understand the DNA of the organisation. Their extensive industry experience and exceptional leadership qualities will further drive our growth and innovation. As LoanTap continues to expand and enhance its services, its expertise will be invaluable in our pursuit of providing accessible financial solutions to our customers.”

With these strategic appointments and promotions, LoanTap is well-positioned to maintain its successful trajectory. The company has experienced exceptional growth, expanding its distribution and AfterPay network across diverse sectors. Looking ahead, LoanTap remains steadfast in its commitment to making credit more accessible to over 4 lakh merchants through its AfterPay network this year.