Feb 23, 2021

CredoLab Expands its Team to Further Boost Alternative Credit Scoring in India

CredoLab strengthens its presence in India with two key hires. Read more here.

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New hires will enhance CredoLab’s efforts in providing Indians with a better alternative credit score and ensure lenders make better credit decisions

India, 23 February, 2021 - CredoLab, the leader in alternative credit scoring, has appointed two senior hires to lead the sales teams in India. Rahul Singh, Sales head - India and SAARC, brings with him 9 years of experience in the fintech domain with professional connections in the industry. Similarly, Vishwas Mysore, Senior Director - Global Presales and Solution Consulting, brings forward 14 years of experience in solution consulting in the credit and digital lending space in India and the Middle East as well as a background in data analytics and business intelligence. 

The pandemic has accelerated India’s technological shift and will further aid the development and incorporation of technology in daily banking transactions. In April 2020, the month India was in a complete lockdown, digital payments made up 98% of the total transaction value of payments. Having said this, CredoLab’s expansion into the country will focus on catering to the untapped potential of alternate data in the Indian financial ecosystem. 

Commenting on the hire and growth of the team in India, Head of Global Sales and SVP, Tarun Kumar Kalra said, “India, with its immense appetite for innovation and mass market driven growth potential, offers an ideal platform for entrepreneurial solutions that can help fuel profitable growth. Rahul Singh and Vishwas Mysore bring deep market insights and industry knowledge to help us leverage the tremendous opportunity at hand and drive the next phase of growth for CredoLab in India.”

India continues to be at the epicenter of fintech activity. The increased purchasing power of the masses, increasing number of gig-workers, freelancers and the digitally-savvy equals an increased demand for financing solutions. With this in mind, the new hires will convey to clients the advantages of deploying CredoLab’s metadata-based scoring.