Varun Sridhar, who exited Paytm Services (under One 97 Communications) earlier this year, has now joined Aspora—a fintech platform built for the Indian diaspora. He shared the news on social media on Thursday.
He also announced that he will be leading Aspora’s wealth and lending business as its new CEO.
“I was impressed to see the traction with NRIs in the remittances space and solid investors supporting Asporahis vision Sequoia Capital, Greylock Partners, Hummingbird Ventures,” Sridhar wrote.
Aspora is backed by investors like Y Combinator, Soma Capital, and Global Founders Capital.
The company currently operates in the US, UK, UAE, Germany, Italy, and Ireland, and plans to expand into Saudi Arabia, France, Spain, the Netherlands, Canada, and Singapore.
“Varun’s experience in scaling fintech platforms and his deep understanding of cross-border financial needs make him an invaluable addition to our leadership team. As we continue expanding beyond the UK, UAE, and US markets, his expertise will be instrumental in delivering the banking infrastructure our community deserves,” said Aspora founder and CEO Parth Garg.
Sridhar stepped down as CEO of Paytm Services in August, a year after leaving his role as CEO of Paytm Money, the company’s wealth-tech division. At the time, he mentioned that he planned to build a wealth-tech startup in Goa, although the idea and how it would create real value for investors and traders were still being shaped.
Before joining Paytm Money, Sridhar worked as a senior executive at French banking giant BNP Paribas, where he led the acquisition and integration of the digital stockbroker Sharekhan.
He spent nearly eight years at BNP Paribas before moving to Paytm Money in 2020.
Read More- imper.ai raises $22 million Series A round
