Mcapital to meet MSME credit needs; aims to build INR 100 Crore loan book by March 2022
Mumbai, 22nd September, 2021: Mcapital, the lending business of Mswipe, today announced the appointment of Tanya Chadha as the Chief Operating Officer (COO). With over 16 years of experience in financial services and credit, Tanya will oversee building a loan book of INR 100 Crore by March 2022.
Tanya’s appointment comes at a time when Mswipe is gearing for a NBFC license. As India’s largest independent POS acquirer with 6.75 lakh POS and 11 lakh QR merchants, Mswipe will target the highly underserved SME segment with access to formal credit through Mcapital.
Joining the leadership team, Tanya will focus on accelerating efforts towards technology innovation and drive new product strategy and growth of the company.
Mswipe CEO Ketan Patel said, “We are building interesting solutions at Mcapital which will fasten the journey of SMEs in accessing formal credit. Tanya brings a wealth of experience in financial services and lending space and we are certain that she will play a pivotal role in our journey to transform into a digital SME bank.”
“SMEs are often faced with the challenge of accessing finance and this acts as an obstacle to start and grow a business. We want to enable them to scale up their business and help them reach their full potential. I am excited to be a part of the fantastic and dedicated team at Mcapital and further accelerate innovation, ensuring compliance and drive organizational vision,” Tanya added on her new role.
Tanya was formerly the Vice President – Lending Product & Business Processes at Mcapital.
She has a rich experience in both secured and unsecured lending across functions like credit, product management, alliances and sales. In her previous company RattanIndia Finance, she led Consumer Finance including personal loans, small business loans and two wheeler loans. An MBA in Marketing and Finance, she has worked with leading NBFCs including HDFC Ltd, Kotak Mahindra Prime and Capital First.
