FlexiLoans Boosts Leadership With Two Key Appointments

SUMMARY

Saklecha will lead the company's risk, policy, and credit initiatives to enhance the fintech startup’s underwriting and risk management frameworks

Matai will focus to further boost the Supply Chain Finance business as per the company’s statement

The appointments are aimed at driving FlexiLoans’ business growth and innovation to empower MSMEs with innovative financial solutions

Fintech startup Flexiloans

has appointed Hemant Saklecha as chief credit and risk officer (CCRO) and Pavan Matai as the head of its supply chain finance vertical.

While Saklecha will lead the company’s risk, policy and credit initiatives to boost its underwriting and risk management frameworks, Matai will focus to further boost the supply chain finance business, as per the company’s statement.

“Saklecha’s expertise in risk and Matai’s leadership in supply chain finance will help us deliver impactful solutions and strengthen our offerings for MSMEs,” said FlexiLoans cofounder Deepak Jain.

With these appointments, FlexiLoans looks to drive its business growth and innovation to empower MSMEs with innovative financial solutions, the statement added.

Prior to this, Saklecha worked as the head of retail policy and risk and fraud control unit at Hero FinCorp for more than four years after joining in 2020.

He has over two decades of experience contributing to credit policy, fraud control and overall retail lending risk.

Saklecha has also held roles in IDFC FIRST Bank, DBS Bank, HDFC Bank and ICICI Bank Limited earlier.

Before joining FlexiLoans, Matai was the head of trade and supply chain finance at JSW One Platforms. Earlier he had served Finovate Capital, Infra.Market, RBL Bank, L&T Finance, Standard Chartered Bank and HSBC.

The development comes after the company in September last year raised INR 290 Cr as a part of its Series C funding round from a clutch of investors, including Accion, Maj Invest, Nuveen and Fundamentum.

In 2022, FlexiLoans raised $90 Mn through a mix of equity and debt financing in its Series B funding round.

Founded in 2016 by Deepak Jain, Ritesh Jain and Manish Lunia, FlexiLoans is an online lending platform that targets small and medium enterprises (SMEs) and other underserved segments to provide quick and flexible loans.