Digital payments and banking technology company Cashfree on Thursday announced the appointment of Vikas Guru as the Chief Financial Officer. The company that looks to expand its business outreach in India expects the move to fuel the next phase of its growth.
According to the company, Vikas will bring in a new level of insight, requisite experience, and strategy to drive the change and build an agile finance function at Cashfree. “He will oversee operations, reporting, governance, investor relationships and Management Information System. He will also play an active business partnering role within the leadership team to ensure both top and bottom-line targets are met and continuously exceeded,” the company said in a statement.
Vikas has over two decades of experience across sectors including financial services, retail, banking, and real estate. In a decade-long stint at FINO PayTech Limited, Vikas with his strong finance and consulting background led the company to achieve scale and profitability facilitating organic growth capital and inorganic expansions. Vikas was featured in the CFONEXT100 as a financial controller.
“As Cashfree embarks on the next phase of growth, we are seeking out accomplished professionals who share our values and work ethics. We are pleased to welcome Vikas Guru, at a critical juncture of the Cashfree journey,” Akash Sinha, CEO and Co-Founder, Cashfree said.
Sinha said, Vikas along with extensive experience in conceptualizing and implementing financial processes which are essential for an aggressively growing company like Cashfree. “He has led teams across diverse industries and spearheaded finance operations in growth-centric organisations. We are confident that Vikas’s in-depth knowledge of financial planning and analysis, mergers and acquisitions, and corporate development will be invaluable as we continue on our journey to becoming one of the largest players, globally,” Sinha said.
Expressing happiness over his appointment, Vikas Guru, Chief Financial Officer, Cashfree said, “This is an exciting time for Cashfree, and I am happy to join a team of extremely talented people fueling India’s next big story in banking technology and digital payments.”
Cashfree is among the top payment service providers in India and processes transactions worth $20 billion annually. With over 50% market share among payment processors, Cashfree today leads the way in bulk disbursals in India with Cashfree Payouts.