People Digest: Paytm Money ropes in CEO; Pine Labs appoints COO

FILE PHOTO: A worker adjusts a hoarding of Paytm, a digital payments firm, in Ahmedabad, India, January 31, 2019. REUTERS/Amit Dave

Paytm Money, an online investment and wealth management platform owned by One97 Communications, today announced the appointment of Varun Sridhar as its new CEO. Meanwhile, Indian payments company Pine Labs appointed Nitish Asthana as president and chief operating officer to spruce up the company’s efforts towards technology innovation and ramp up its digital payment acceptance among merchants across India and Southeast Asia.

Paytm Money ropes in Varun Sridhar as CEO

Paytm Money, an online investment and wealth management platform owned by One97 Communications, today announced the appointment of Varun Sridhar as its new CEO.

He will lead the launch of its equity brokerage business other than growing the already established mutual funds, NPS and gold services.

Sridhar, who has led the digital transformation journey of some of the top retail banks in India and abroad, will be reporting to Amit Nayyar, president at Paytm.

Most recently he served as CEO of FinShell India and prior to that, he was with BNP Paribas for close to eight years.

Pine Labs appoints Nitish Asthana as COO

Indian payments company Pine Labs has appointed Nitish Asthana as president and chief operating officer to spruce up the company’s efforts towards technology innovation and ramp up its digital payment acceptance among merchants across India and Southeast Asia.

Asthana, who carries with him over two decades of experience across payments, fintech and finance sectors, earlier served as the managing director (India and Sri Lanka) at First Data Corp, Fiserv.

Established in 1998, PineLabs, which provides point-of-sale payment solutions, had in January this year secured an undisclosed investment from global payments giant Mastercard. More recently, it made an undisclosed investment in Malaysia-headquartered fintech platform Fave.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.