Ranjan is a veteran of India’s banking and fintech sector with over two decades of experience. He joins Stashfin from AU Small Finance Bank, where he served as Executive Vice President and National Business Manager. During his 12-year tenure, he led the institutional lending business, disbursing loans of over ₹22,000 crores and contributing more than ₹500 crores in profit, accounting for over 20% of the bank’s overall profits. He evaluated and funded more than 200 NBFCs and fintechs, helping shape the country’s alternative credit ecosystem. Under his leadership, the portfolio consistently delivered among the lowest loss rates in the industry. His deep expertise in institutional banking and fintech partnerships is expected to help Stashfin forge new coalitions and distribution channels for its digital credit products.

Stashfin’s founder and CEO Tushar Aggarwal welcomed Ranjan to the team. “Ranjan will strengthen internal and external coalitions and take Stashfin to greater heights,” Aggarwal said, adding that “Ranjan’s industry experience will enhance Stashfin’s unique position among customers and partners”. On the company’s leadership focus, he added “We remain committed to serving the credit needs of the underserved segments and bringing in some of the best talents in the country to accelerate that mission”.

The appointment comes at a critical inflection point for Stashfin. Over the past year, the platform has witnessed 10× growth in business volumes, crossed 20 million registered users, and recorded over 40 million app downloads. As Stashfin transitions into offering a full suite of financial products, Agarwal’s leadership will be vital in unlocking new lending partnerships, embedded finance models, and co-lending opportunities that deepen its impact across Tier 2 & 3 markets.

Looking ahead, Stashfin remains focused on its broader goal of financial inclusion in India. The company continues to expand its suite of digital lending products, combining AI-driven underwriting with transparent terms. Ranjan’s leadership in strategic alliances is expected to accelerate this strategy. By strengthening ties with banks, fintech firms and enterprise partners, Stashfin is well positioned to grow its “fintech partnerships” and deepen its reach into underserved markets, cementing its role in India’s financial services sector.

The post Stashfin strengthens its leadership team, appoints Ranjan Agarwal as SVP, Strategic Alliances appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Mumbai, 14 January 2025: Stashfin – a leading financial services platform in India, announced the allocation of Employee Stock Options (ESOPs) worth ₹5 lakhs and ₹3 lakhs for employees who have completed five and three years, respectively. This milestone comes as part of the company’s INR 600 crore ESOP pool, aimed at recognising long-term commitment and fostering a culture of shared success by rewarding and retaining top talent in the fiercely competitive fintech market. At Stashfin, every employee is eligible for ESOPs as part of their compensation package. With over 170 employees, the company ensures that the value created for each individual is significant.

The ESOP structure at Stashfin is designed to foster long-term employee engagement and reward commitment. It includes a four-year vesting period with a 12-month cliff, ensuring that employees who contribute meaningfully over time are well-compensated. Beyond tenure, performance plays a pivotal role in determining additional ESOP allocations, making the program both equitable and aspirational. This approach ensures that loyal and high-performing employees are not only recognised but also financially empowered, reinforcing Stashfin’s ethos of shared success and mutual growth.

Tushar Aggarwal, Co-Founder, Stashfin commented, “At Stashfin, we are committed to fostering a culture where every teammate is a key contributor to our success. This ESOP allocation reflects our belief in creating meaningful value for our employees while recognising their long-term commitment to driving our vision forward.” 

The vested ESOPs can be unlocked through liquidity events such as an IPO or an acquisition. The company is focused on ensuring that employees share in the wealth creation journey when Stashfin reaches significant milestones.

Stashfin’s ₹600 crore ESOP pool is one of the largest in the Indian fintech space, highlighting the company’s focus on creating long-term wealth for its employees. Stashfin continues to build a culture of ownership and shared success, making ESOPs a key pillar of its employee benefits program.

The post Stashfin grants ESOPs up to INR 5 lakh to each employee, empowering long-term value creation appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Bengaluru, 27 November 2024: Stashfin – a leading financial services platform in India – has added another dimension to its financial services capabilities by obtaining the Third-Party Application Provider (TPAP) licence from the National Payments Corporation of India (NPCI). Tushar Aggarwal, Founder of Stashfin, announced this milestone during the company’s event in Mumbai, highlighting its significance in Stashfin’s journey to becoming a one-stop financial services platform. This licence allows Stashfin to offer seamless digital payment solutions by leveraging UPI’s real-time, low-cost payment infrastructure for instant disbursements, repayments and enhanced credit assessments.

The addition of UPI capabilities positions Stashfin at the forefront of digital financial innovation, bridging the gap between lending and seamless payment solutions. By combining credit access with a robust payment infrastructure, Stashfin aims to create a unified platform that addresses the multifaceted financial needs of individuals and businesses, while driving efficiencies in India’s rapidly growing digital economy.

According to data shared by NPCI, UPI recorded more than 16 billion transactions worth INR 23.5 trillion in October, marking its highest-ever monthly volume since its inception in April 2016. This milestone underscores the system’s widespread adoption and critical role in advancing pan-India digital financial inclusion. With UPI reshaping the digital lending landscape by enhancing credit access for underserved populations, Stashfin’s integration aims to extend its reach further by providing inclusive, transparent financial solutions such as scan and pay, UPI autopay  and UPI circle.

Commenting on the announcement, Mr Tushar Aggarwal, Founder & CEO of Stashfin, said, “Securing the TPAP licence is a key landmark in our journey to becoming a full-stack financial services platform. By integrating UPI, we are enhancing the scope and versatility of our offerings, enabling businesses and individuals to seamlessly access both credit and payment solutions. The integration also strengthens our commitment to providing comprehensive, technology-driven financial tools that support the evolving needs of today’s digital economy.”

Stashfin has consistently been at the forefront of innovation, becoming the first fintech NBFC to list NCDs with a reduced face value of ₹10,000 on the BSE, leveraging SEBI’s recent amendments under the Issue and Listing of Non-Convertible Securities Regulations, 2024, to democratize bond investments and enhance retail accessibility. This initiative underscored Stashfin’s mission is to provide every Indian with access to financial products, ensuring inclusivity and empowerment. The UPI payments license is a significant step in this direction, enhancing customer experiences with seamless and delightful solutions. In addition, Stashfin offers flexible credit solutions designed to meet diverse needs, reinforcing its commitment to driving financial accessibility and innovation.

Stashfin’s pioneering move aligns with its commitment to delivering innovative and inclusive financial solutions providing a more holistic financial solution to the customers. From making online and in-store payments to investing in bonds, Stashfin is working towards creating a unified platform for managing all aspects of personal finance.

The post Stashfin joins UPI ecosystem with NPCI-Approved TPAP licence appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

In her new role, Aparna will oversee the development and implementation of innovative lending products, optimize processes, and enhance the customer experience across the lending portfolio. She joins Stashfin from Paytm, where she successfully led initiatives to diversify product offerings and boost customer acquisition.

“We are thrilled to welcome Aparna to the Stashfin family,” said Tushar Aggarwal, Founder & CEO of Stashfin. “Her extensive experience and strategic thinking will be invaluable as we continue to grow and innovate in the financial services space.”

Aparna’s previous experience with renowned institutions like Clix Capital, IndusInd Bank, and ICICI Bank has equipped her with a deep understanding of digital lending, risk management, and portfolio growth. Her appointment underscores Stashfin’s commitment to delivering innovative and accessible financial solutions to its customers.

“I am excited to join Stashfin and contribute to its mission of empowering individuals financially. I look forward to leveraging my expertise to drive growth and enhance the customer experience.” said Aparna Bihany.

This strategic addition to the leadership team reinforces Stashfin’s position as a leading player in the Indian financial services industry.

The post Stashfin Strengthens Leadership Team with Appointment of Aparna Bihany as SVP, Lending appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

The Human Library Program

A cornerstone of #StashYourStory is an innovative Human Library program. This initiative encourages open dialogue and empathy by allowing employees to share their personal stories and experiences. By breaking down barriers and fostering understanding, the Human Library aims to create a more supportive workplace culture.

Shruti Aggarwal, Co-Founder of Stashfin, commented: “At Stashfin, we recognize the paramount importance of mental health in achieving overall well-being and success. Our commitment to our employees extends beyond their professional roles. We value their contributions and prioritise their mental health. Initiatives like #StashYourStory highlights the real struggles employees face and underscore the importance of compassion and support within our organisation.”

Employee Engagement

The #StashYourStory initiative has garnered significant employee participation, reflecting a strong commitment to building a culture of openness, empathy and breaking taboos. Stashfin plans to continue the #StashYourStory initiative on a regular basis, creating a dedicated space for employees to discuss mental health openly and support one another. By prioritising mental well-being, Stashfin is setting a positive example for other organisations and demonstrating its commitment to employee care.

The post Stashfin launches #Stashyourstory Human Library initiative  for World Mental Health Day  appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.