Mswipe is gearing up for an NBFC license
MUMBAI, Sep 21 (The CONNECT) - Mcapital, the lending business of Mswipe, today announced the appointment of Tanya Chadha as the Chief Operating Officer (COO). With over 16 years of experience in financial services and credit, Tanya will oversee building a loan book of INR 100 Crore by March 2022.
The appointment of Tanya, who was the Vice President -Lending Product & Business Processes at Mcapital, comes at a time when Mswipe is gearing up for an NBFC license. As India’s largest independent POS acquirer with 6.75 lakh points and 11 lakh QR merchants, Mswipe will target the highly underserved SME segment with access to formal credit through Mcapital.
Mswipe CEO Ketan Patel said, “We are building interesting solutions at Mcapital which will fasten the journey of SMEs in accessing formal credit. Tanya brings a wealth of experience in financial services and lending space and we are certain that she will play a pivotal role in our journey to transform into a digital SME bank.”
“SMEs are often faced with the challenge of accessing finance and this acts as an obstacle to start and grow a business. We want to enable them to scale up their business and help them reach their full potential,” Tanya said.