Digital merchant commerce platform Pine Labs in a top-level leadership change has announced to onboard senior executive Varun Varma as the head of strategy and corporate development and Jagriti Bhattacharya as general counsel.
According to the company, Varma is based in Singapore and will be heading strategy and corporate development for the firm. In his previous stint, he was leading corporate strategy for PayPal across its international markets, with a focus on fast-growing markets in APAC and LatAm.
Verma has rich experience across sectors and has worked for the leading global management consulting firm McKinsey & Company in Southeast Asia. He has also worked at Citibank in various roles across retail banking and wealth management verticals.
Meanwhile, Bhattacharya in her previous role was with the London Stock Exchange Group/Thomson Reuters where she was the chief counsel, South Asia. She has also worked with Citibank where she advised on key transactions and supported the launch of innovative financial products in South Asia, provided her insights into the treasury legal function, and earned experience in international arbitrations.
During her career, Bhattacharya has sat on the board of directors of various companies and provided corporate governance guidance. “Today, Pine Labs is in one of its most exciting phases where we are building a complete omnichannel ecosystem for our customers, entering new markets, and forging strategic partnerships to engineer growth outside India. Varun’s wealth of international experience in payments and fintech will be invaluable to us going forward. Equally thrilled to have Jagriti accept the role of general counsel. Some of the key verticals at our company such as human resources, legal, and online payments are headed by women leaders and that says something about our continued commitment to building an equal opportunity organisation for all,” Amrish Rau, CEO, Pine Labs said.
Pine Labs serves prominent large, mid-sized, and small merchants across India and Southeast Asia. In April 2021, the company acquired Fave, a consumer fintech platform that provides a smart payment app to the smart generation of consumers looking to pay and save. Pine Labs’ key investors include Sequoia India, Actis Capital, Temasek, PayPal, and Mastercard.