Paytm appoints Bhavesh Gupta as Chief Executive Officer of lending business

Fintech major Paytm on Thursday said it has appointed Bhavesh Gupta as the chief executive officer of its lending business.

Gupta will develop and expand Paytm’s lending services to strengthen the company’s vision of financial inclusion for 500 million Indians, a statement said.

Under his leadership, the company will continue to simplify, innovate, and bring new credit products to millions of Indians and SMEs (Small and medium enterprises) in partnerships with other banks and NBFCs (non-banking financial companies), it added.

He will report to Paytm President Amit Nayyar.

Most recently, Gupta served as the founding member and chief executive officer (CEO) of Clix Capital, earlier known as GE Capital India.