|Tanya Chadha, Director of Operations, Mcapital.|
Mcapital to meet the credit needs of MSMEs; aims to build an INR 100 Crore loan portfolio by March 2022
Mumbai, September 21, 2021: Mcapital, Mswipe’s lending business, today announced the appointment of Tanya Chadha as Chief Operating Officer (COO). With over 16 years of financial services and credit experience, Tanya will oversee building a loan portfolio of INR 100 crore by March 2022.
Tanya’s appointment comes as Mswipe is preparing for an NBFC license. As India’s largest independent point of sale acquirer with 6.75 lakh of outlets and 11 lakh of QR merchants, Mswipe will target the very underserved SME segment with formal credit access through Mcapital.
Joining the leadership team, Tanya will focus on accelerating technological innovation efforts and on new product strategy and business growth.
Mswipe CEO Ketan Patel said: “We are developing exciting solutions at Mcapital that will accelerate the journey for SMEs to access formal credit. Tanya brings extensive experience in the financial services and lending space and we are confident that she will play a central role in our journey to transform us into a digital SME bank. “
“SMEs are often faced with the challenge of accessing finance and this is a barrier to starting and growing a business. We want to empower them to grow their business and help them reach their full potential. I am delighted to be part of the fantastic and dedicated team at Mcapital and further accelerate innovation, ensure compliance and drive organizational vision, ”Tanya added of her new role.
Tanya was previously Vice President – Loan Products and Business Processes at Mcapital.
She has a wealth of experience with secured and unsecured loans in functions such as credit, product management, alliances and sales. At her previous company RattanIndia Finance, she led consumer credit, including personal loans, small business loans, and two-wheeler loans. With an MBA in Marketing and Finance, she has worked with leading NBFC companies including HDFC Ltd, Kotak Mahindra Prime and Capital First.
Mswipe aims to be India’s largest financial services platform for SMEs by providing transparent, omnichannel digital payments and other value-added financial services. It is the largest independent mobile POS merchant acquirer and network provider with 6.75 lakhs of POS and 11 lakhs of QR merchants across the country. Mswipe offers a host of payment acceptance services for SMEs allowing them to accept cards, wallets, mobile payment apps and banking apps, contactless and QR payments. Based in Mumbai, Mswipe started operations in 2011. Its main investors are B Capital, UC-RNT, Falcon Edge Capital, Matrix Capital Partners, DSG Partners and Epiq Capital.