Bengaluru: Propelld, a fintech company in education lending in India, has appointed Manoj Shetty as Chief Business Officer (CBO). Shetty will play a pivotal role in driving the company’s business initiatives, particularly in the rapidly evolving study abroad market.
With over 25 years of extensive experience in the financial services sector, Shetty is set to enhance Propelld’s offerings, especially targeting the burgeoning demand from the Indian middle class in Tier 2 and Tier 3 cities. This demographic has increasingly shown interest in studying abroad, creating a significant opportunity for Propelld.
“Manoj’s deep expertise in the financial and education lending sectors will be invaluable as we work to streamline and enhance our growth initiatives,” said Brijesh Samantaray, Co-Founder of Propelld. “His insights will help us achieve our fiscal objectives in this promising segment.”
Expressing his enthusiasm, Shetty stated, “I am excited to join India’s largest and fastest-growing digital education provider. Propelld has already established itself in the domestic loan sector by offering significant value to students and parents, partnering with reputable institutions across Tier 2 and Tier 3 cities. Now, we are poised to explore and capitalize on new growth avenues in the education lending sector.”
Founded in 2019 by Bibhu Prasad Das, Victor Senapaty, and Brijesh Samantaray, Propelld has witnessed remarkable growth. The company pioneered innovative education loan financing solutions, including its Study Now, Pay Later products and Income Sharing Agreements. By moving beyond traditional credit assessment methods, Propelld has successfully introduced collateral-free education financing. With a robust partner network of over 2,000 institutions, this Series-B funded fintech company is committed to organic expansion and leveraging positive student testimonials to fuel its growth.
As Propelld continues to solidify its position in the education lending landscape, Shetty’s leadership is expected to drive strategic initiatives that cater to the evolving needs of students seeking international education opportunities.
