Nathani, an IIT-Delhi graduate, had been a part of BharatPe since the early days and was in charge of several technology functions, including the launch of the company’s newer offerings – PostPe, and 10% Club, among others.
“Nathani has put in his papers and plans to leave. The company however is still negotiating with him on the exit,” a person aware of the discussions said on the condition of anonymity.
ETtech had reported on June 8, citing sources, that two other senior executives at the fintech, including chief revenue officer Nishit Sharma and head of institutional debt Chandrima Dhar, left the company last month, citing personal reasons. Nathani will be the third senior executive to leave the fintech major in recent weeks.
In response to ET’s queries, a BharatPe spokesperson said, “This is to confirm that Satyam Nathani has decided to move on from BharatPe to pursue his entrepreneurial ambitions. We will back him to build the next big tech disruption.”
At present, Nathani was overseeing the technology integration behind BharatPe and Unity Small Finance Bank, in which BharatPe has a minority stake.
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In October last year, a consortium comprising BharatPe’s parent Resilient Innovations and Centrum Financial Services received approval to acquire the business of Punjab & Maharashtra Cooperative Bank and aid its resolution.
Also, a joint venture between BharatPe and Centrum, Unity Small Finance Bank, had received the licence to launch a small finance bank.
Currently, the focus of the small finance bank is to help the stuck depositors of PMC Bank with their deposits, ETtech reported earlier.
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