MoneyTap seeks to enhance its risk analysis capabilities with the new appointment
MoneyTap, India’s first app-based consumer Credit Line company, has announced the appointment of Sankalp Mathur, an alumnus of IIT Kanpur, as its Head of Risk. The strategic hiring is aimed to bolster the top leadership at MoneyTap, as well as enhance the company’s product roadmap and its credit underwriting capabilities as it continues to scale.
A veteran in the lending and financial industry, Sankalp joins MoneyTap from KredX, a leading Indian invoice-discounting marketplace, where he was the Chief Risk Officer. He has also previously worked with Citi as the VP of Retail Services. His expertise in credit risk analysis and business management, gained over a successful career spanning a decade-and-a-half and across various continents, will especially be valuable for MoneyTap as it looks to cement its leadership position in the lending segment.
Besides developing and deploying Risk Measurement tools and processes, Sankalp will also manage partner portfolio exposure and lead risk analytics initiatives as part of his role as Head of Risk at MoneyTap.
Kunal Varma, Chief Business Officer & Co-Founder, MoneyTap, spoke to the press, “We are thrilled to have Sankalp on board at this crucial juncture of our growth story. Sankalp has established himself as an expert in the financial services industry with great ideas and stellar achievements. We look forward to leveraging his expertise and strategic business management capabilities for MoneyTap.”
Sankalp Mathur commented, “Having worked across portfolios like Cards, Mortgage, Personal Loans, and Commercial Lending with leading global Banks, NBFCs, and fintech startups, I have had the good fortune of gaining a vast experience of both risk analysis and business management. MoneyTap will give me the opportunity to combine both these capabilities and prove my entrepreneurial skills. I’m looking forward to working with the team on enhancing its revolutionary product to benefit consumers across the country.”
Sankalp’s experience includes a three-year stint as VP at Citi Retail Services, in addition to various profiles at top global firms such as HSBC, Barclays Bank, and Citi Financial. He has also worked in the US and UK, besides India, and developed retail risk products for blue chip companies, as well as lending products for SMEs.
MoneyTap is India’s first app-based consumer credit line, which lets users tap into money on the go on their mobile phones. It is a Bangalore-based fintech startup, founded by serial entrepreneurs Bala Parthasarathy, Anuj Kacker & Kunal Varma, who are IIT/ISB alumni.