Cashfree Payments, the payments and API banking solutions company, has expanded its senior leadership team to drive the company’s next phase of growth. Parveen Kumar has been appointed as Vice President – Operations, while Vijay Ravisekar has been appointed as Vice President – Product Management.
The company has recently announced the elevation of Arun Tikoo as Chief Business Officer (CBO) and Ramkumar Venkatesan as Chief Technology Officer (CTO).
Praveen Kumar brings over 15 years of industry experience in enhancing customer experience, managing finances, and building operations across various sectors. He holds a B.Tech in Aerospace Engineering from the Indian Institute of Technology, Kharagpur, and a PGDM in strategy and operations from the Indian Institute of Management, Ahmedabad. In his new role, Parveen will oversee the operations and customer service vertical at Cashfree Payments. Parveen’s responsibilities include expanding capabilities, driving research and innovation, and ensuring excellent customer service.
Vijay has over 20 years of experience in Product Management, having successfully managed products for the driver ecosystem and Customer Care. He holds a Bachelor’s degree in Engineering from the University of Mumbai and an MS in Telecommunications Engineering from The University of Texas, Dallas. Vijay will assume the crucial role of formulating product strategies and offering valuable guidance to enhance products and solutions, specifically focusing on ‘Collections’. His responsibilities include fostering greater agility and driving improved business outcomes.
Founded by IIIT Hyderabad alumnus Akash Sinha and IIT Kharagpur graduate Reeju Datta, Cashfree processes transactions worth USD 40 Billion annually and boasts more than 50% market share among payment processors. It enables more than 3,00,000 businesses with payment collections, vendor payouts, wage payouts, bulk refunds, expense reimbursements, loyalty and rewards. Cashfree Payments is backed by Silicon Valley investor Y Combinator, Apis Partners, State Bank of India (SBI), and was incubated by PayPal.
