Setu Strengthens Leadership with Strategic Senior Appointments

Setu, a subsidiary of Pine Labs, has recently bolstered its leadership team by welcoming several senior executives over the past two months. This strategic move aims to scale its API-led financial services platform, marking a significant step towards innovation in the financial sector.

New Appointments to Drive Technological and Product Excellence

The company has appointed Prashanth Nimmagada as Chief Technology Officer, bringing his extensive experience from Razorpay. Earlier in January, Vijeth Pandit joined as Chief Product Officer, with a rich background in product management from Razorpay. Ramkumar Thirumurthi, with his expertise in neobanking and co-founding Actyv.ai, has been named Chief Revenue Officer.

Expanding the Team with Industry Veterans

In June, Nikhil Ratanpal, an ISB alumnus and former product lead for PhonePe’s payment gateway business, was appointed as Director of Product Development. Santosh Subramanian, with leadership experience at Yes Bank and PayU-owned Wibmo, has joined as Head of Finance.

Leadership Transition and Future Vision

These appointments follow the recent joining of Anand Raisinghani as Chief Executive Officer, succeeding Setu’s cofounder Sahil Kini. Setu, operating as an RBI-licensed NBFC Account Aggregator, is poised to drive growth and support banks, fintechs, and enterprises in building scalable digital financial solutions.