Bangalore: Niro, a homegrown embedded consumer lending Fintech, today announced the appointment of founder-duo Ramkumar Venkatasubramanian as Chief Product Officer and Viswanath Kommalapati as Chief Technology Officer. With this announcement, Niro will strengthen its team to help realize its vision of democratizing access to convenient and hassle-free embedded credit products for 600+ million internet users in India.
At Niro, Ramkumar Venkatasubramanian and Viswanath Kommalapati would be leading product and technology efforts, respectively. Prior to Niro, the duo had founded FanDuniya – an AI-Driven Fantasy Research Platform, which was later acquired by Fancode, a subsidiary of Dream Sports (parent company of Dream11). At the stats vertical of Fancode, Ramkumar and Viswanath (who are batchmates from IIT Chennai ‘06) ran product and technology, respectively.
On the appointment, Aditya Kumar, Founder, Niro, said, “We are thrilled to welcome Ramkumar and Viswanath to the Niro team. With their experience of having seen multiple product and technology journeys from zero to one, as well as operating at scale, they will supercharge product innovation and technology efforts at Niro, propelling us on our journey to providing competitive & frictionless credit through any smartphone application in the country.”
On joining Niro, Ramkumar Venkatasubramanian, Chief Product Officer, said, “Niro is looking to redefine embedded credit distribution and I am thrilled to be a part of its journey. With a strong user and product mindset, I look forward to offering compelling, competitive & frictionless products through our platform partners.”
Viswanath Kommalapati, Chief Technology Officer, added, “The vision and opportunity to transform embedded credit distribution in India captured my attention from the very beginning. I am excited to join Aditya and Sankalp on this journey and look forward to bringing a tech-first approach to solving some interesting problems in this space.”
Co-founded by Aditya Kumar & Sankalp Mathur, Niro aims to empower consumer-internet platforms to provide accessible and hassle-free credit to their consumers to drive engagement, create value, and in turn generate significant revenues. Recently, Niro raised $3.5 Mn in a seed funding round by Elevar Equity & notable angel investors including Kunal Shah, Nitin Gupta, Bala Parthasarathy, the Patni Family Office, R. Ramaraj & Aseem Dhru, amongst others.