The appointment strengthens CapitalXB’s leadership team as it enters its next phase of growth scaling its financing platform for MSMEs, mid-market businesses and exporters, while expanding partnerships across corporate ecosystems, digital platforms and institutional capital providers.

Pavan will lead business strategy, origination, product development, and strategic partnerships across CapitalXB’s domestic and cross-border financing businesses. His mandate will be to scale a technology-enabled, risk-disciplined platform that helps businesses unlock capital against commercial receivables and trade flows.

Taranjit Jaswal, Founder & CEO, CapitalXB, said:
“CapitalXB is entering an important new phase of growth. We have built the regulatory, technology and risk foundations required to address a significant and underserved opportunity in receivables-led financing for Indian businesses.

Pavan’s experience across global banks, NBFCs and fintech-led credit platforms makes him exceptionally well placed to help us scale with discipline. His appointment strengthens our ability to deepen client relationships, build strategic partnerships and establish CapitalXB as a leading financing partner for ambitious Indian businesses.”

The appointment comes as Indian exporters navigate a volatile global trade environment, with rising freight, insurance and financing costs increasing the need for faster, more flexible access to working capital.

Pavan brings over two decades of experience across corporate banking, trade finance, supply-chain finance and fintech-led credit. He has held leadership roles at HSBC, Standard Chartered Bank, RBL Bank and L&T Finance, where he built and scaled financing businesses serving large corporates, emerging enterprises and MSMEs.

His sector experience includes steel, automotive, FMCG, healthcare, renewable energy and agriculture. More recently, Pavan helped build fintech-led credit businesses for B2B commerce platforms including Infra.Market and JSW One Platforms Ltd., where he led the NBFC business and served as a Board member before joining CapitalXB.

Pavan Matai, Business Head, CapitalXB, said:
“Having worked across banks, NBFCs and fintech platforms, I have seen the impact that timely working capital can have on the growth of businesses. The opportunity is especially compelling where receivables, supply-chain data and trade flows can be used to create faster and more relevant financing solutions.

CapitalXB has built a differentiated platform at the intersection of domestic business finance and export-led trade flows. I look forward to working with the team to scale responsibly, strengthen ecosystem partnerships and make receivables-based financing more accessible for the businesses we serve.”

Mumbai, India | July 06, 2026: PSB Alliance Pvt. Ltd and Bank of India have signed an agreement for onboarding Bank of India as a lending partner on the PSB Xchange platform, India’s unified digital working capital finance platform.

Through this collaboration, Bank of India will offer supply chain finance to eligible borrowers associated with participating anchor corporates on the PSB Xchange platform. The partnership will enable digital onboarding, credit assessment and financing through a standardised process, helping Bank of India expand its digital supply chain finance reach while enabling faster access to institutional credit for MSMEs.

Building a Scalable, Multi-Participant Financing Ecosystem

PSB Xchange connects lenders, corporates and ecosystem partners through a unified platform. The onboarding of Bank of India strengthens the platform’s lender network and broadens the availability of institutional finance for dealer ecosystems across industries.

The shared infrastructure reduces the need for multiple point-to-point integrations and supports faster programme implementation and portfolio monitoring.

Driving Digital Adoption in Supply Chain Finance

By standardizing onboarding, documentation and programme execution, PSB Xchange enables lenders and corporates to implement dealer finance programmes more efficiently and extend formal credit to a wider base of MSMEs.

Stakeholder Perspectives

Vinayak Shukla, General Manager, Bank of India, said:  “Dealers and MSMEs are an integral part of India’s business and distribution ecosystem. Our participation on PSB Xchange will enable Bank of India to provide timely and digitally enabled working capital solutions to dealers associated with established corporate anchors. This collaboration is aligned with our focus on strengthening MSME financing and expanding access to formal institutional credit.” 

Anjali Mohanty, MD & CEO, PSB Alliance said: “The evolution of supply chain finance requires collaborative digital frameworks that can support growth across industries. Through PSB Xchange, we seek to enable such frameworks by bringing lenders, corporates and ecosystem partners onto a common platform. Bank of India’s onboarding further strengthens this network and broadens opportunities for MSMEs to access institutional finance.”

Raja Debnath, Managing Director, Veefin Group, said:  “Bank of India’s participation is an important milestone in strengthening the PSB Xchange ecosystem. By bringing the Bank’s lending capabilities onto a unified digital platform, we can enable corporate dealer networks to access institutional finance with greater speed and efficiency. This collaboration demonstrates how technology and the reach of public sector banks can work together to expand working capital access for MSMEs.”

Looking Ahead

The onboarding of Bank of India further strengthens PSB Xchange’s ability to support supply chain finance programs across industries. The platform will continue to expand its network of lenders, corporates and ecosystem partners to improve access to institutional working capital finance.