Monexo Fintech Private Limited, one of India’s key peer-to-peer lending platforms announced the appointment of Dhruv Mehta and NT Arunkumar on the advisory board. The appointment of the additional board members is with immediate effect.
Dhruv Mehta, is a qualified CA from and now runs a successful boutique wealth management firm managing an AUM size of USD 200 million for various family offices, corporates and high net worth individuals. Over the years, his boutique wealth management firm has evolved into one of India’s leading firm in the Independent Financial Advisor category. Additionally he has been a part of Motilal Oswal Securities for their Annual Wealth Creation Report and as a director on Shriram Wealth Advisors Limited board.
N.T. Arunkumar, currently serves as Board Member and Advisor for various companies and start-up including Tata & Sons. In his previous stints, Arunkumar has been the global Managing Director at UBS and has led shared services delivery for all 3rd party sites across businesses, integrating strategic partner relationships and workforce management. He also advises on the FinTech Valley initiative for the Andhra Pradesh State Government.
Speaking on the onboarding of the two advisors, Mr. Mukesh Bubna said, “The collective knowledge, expertise and experience that both Dhruv and Arunkumar bring to the Monexo will further strengthen our delivery mechanism and reinforces our position at the forefront of professional peer to peer lending marketplace.”
Mr. Dhruv Mehta said, “I have seen Mutual Fund industry bloom in India and believe P2P lending will have a similar as well as faster adoption as an asset class across households. I am excited to be a part of this journey of Monexo (www.monexo.co) as an advisor to them.”
Mr. N.T. Arunkumar said, “I am delighted to join the Board of Monexo as an investor and director to help create a unique digital finance business. Serving emerging and unmet financial and investment needs digitally is the next big opportunity given the convergence of data, technology and markets. I am impressed with what Monexo has already achieved in a short time with a passionate and talented founding team. Monexo’s growth will signal new vistas in the Indian FinTech industry, especially our strategy to deploy advanced analytics and cognitive technologies to serve customers with superior financial solutions, and I look forward to help building this powerful stor.”
About Monexo Fintech Private Limited:
Founded in 2016, Monexo is India’s first truly digital and 100% paperless peer-to- peer (P2P) lending marketplace with the goal of providing superior customer experience and removing the friction in the borrowing process with the use of robust technology. With over 60,000 registered borrowers, 4,000 registered lenders, Monexo has grown leaps and bounds within a year of operations. The P2P platform can provide returns between 15%-24% to its lenders/investors. Monexo is also the first P2P platform in India to provide investors with an escrow account, the option of auto-invest and an insurance cover with job-loss protection.