MobiKwik ​appoints ​IndusInd Bank’s Mukul Saxena​ as CEO of financial services, Zaakpay business units​

He has been at the forefront of the “cash to digital” growth story of India and the Middle East. Most recently, he was executive vice-president and head of the payments business at IndusInd Bank Ltd. He has also worked with ABN AMRO Bank and SABB (HSBC, Saudi Arabia).

In his new role, he will help the company scale its financial services and payment gateway businesses.

Having achieved profitability in the last two quarters, the company is looking to expand its leadership team. It ended the financial year 2022 with Rs. 5.4 billion in revenue, recording 80% YoY growth.

“Digital distribution of financial services has been key to our rapid and profitable growth for the last few years. Mukul’s experience in the fintech industry is unparalleled, and we are excited to see him propel us into the next orbit of growth with his excellent leadership skills and in-depth understanding of the business,” said Bipin Preet Singh, co-founder, managing director and CEO, MobiKwik.

“Being from the payments industry, I have closely observed MobiKwik’s growth over the past few years, and it has been inspiring to witness how they have braved the odds and created a fintech legacy. I will endeavour to further the company’s mission to ensure last-mile delivery of financial services across Bharat to empower millions of Indians,” said Saxena.