NEW DELHI: BharatPe on Thursday appointed Gautam Kaushik as the financial services company’s second group president.
Prior to joining BharatPe, Kaushik was the CEO and MD of PAYBACK India where he led the largest customer loyalty programme in the country.
A veteran in leading successful multi-million dollar businesses in payments and financial services, he will work with Ashneer Grover, co-founder and CEO of BharatPe, and lead payments and banking partnerships.
Kaushik has also held multiple roles duing his 10+ years stint at American Express. Gautam has been the CFO of American Express – India Business and has also spearheaded many strategic initiatives for the organization in India and New York, during his stint with the company. Before joining American Express, Gautam worked for Tata Strategic Management Group in Mumbai as a strategy consultant to key Tata Group companies. Gautam is a graduate in Chemical Engineering and an MBA from SPJIMR, Mumbai.
Commenting on the appointment, Grover said, “At BharatPe, we aspire to become India’s first true digital bank. I’ve worked with Gautam previously at AMEX and have known him for 8 years. Gautam is also an angel investor at BharatPe. I am confident that he is the best person to lead our payments vertical. He will be deepening our relationships with our banking partners. Also, it is important for us to build an engaged merchant base and I am confident that Gautam’s experience in building one of the largest customer loyalty program in the country will empower us to do so. I welcome Gautam in our leadership team and am sure that he will steer us to faster growth in 2021.”
Added Gautam, “BharatPe is the fastest growing Fintech startup in the country. The team has done phenomenal work in the past 2.5 years. I believe we enjoy a great opportunity to transform the financial services landscape for merchants across the country and I am looking forward to contribute meaningfully to this journey. Also, I see a huge disruption opportunity from loyalty standpoint for merchants.”
BharatPe last month announced that it had raised Rs 1.39 billion (nearly $20 million) in debt from Alteria Capital and ICICI Bank. The company has raised a total of Rs 1.99 billion in debt to date.
