CredAble appoints Mr. Kapil Kapoor as Chief Technology Officer

2024-04-24 09:05:25 Business

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India, 14th Sept 2022: ?CredAble, India?s largest working capital tech platform catering to the working capital requirements of India Inc including large, mid, emerging corporates, MSMEs, and financial institutions is excited to announce the appointment of Mr. Kapil Kapoor as Chief Technology Officer. Kapil is a technology leader with over two decades of industry experience building and scaling enterprise, B2B, and B2C digital products in various sectors such as EdTech, eCommerce, and FinTech. He has led multi-country, cross-functional digital engineering teams across Asia, Europe, and North America. As a technology leader, he has done successful digital transformations for Cloud, Agile, cybersecurity, and Composable Enterprise.

Before joining CredAble, he was the CTO of a European multinational, Loylogic, a technology provider of loyalty currency-based eCommerce and payments. He also held key technology leadership roles, such as Engineering Director in PTC Inc.

Commenting on the commencement of his new journey, Mr. Kapil Kapoor ? Chief Technology Officer at CredAble said??CredAble is offering the critical digital infrastructure for working capital management in India, and soon in its new international markets through its innovative technology platform and products. I am looking forward to rapidly scaling their strong technology differentiation with Cloud, API, agility, data science, and cybersecurity as core foundations of innovation and technology strategy.?

In this new growth phase of CredAble, Kapil, as its CTO, will lead the scaling of the engineering, cloud operations, and security functions for further digital transformation and innovation in business.

Delighted to welcome, Mr. Kapil, Mr. Nirav Choksi, CEO, CredAble said ?We are very excited to have Kapil as a part of the leadership team. Kapil?s expertise in building scalable technology products and his wide experience leading world class technology teams will be invaluable as CredAble enters its next phase of growth. He has been a visionary technology leader and we are privileged that he chose to partner with CredAble. Kapil will lead our globalization efforts as we foray into South East Asia, the Middle East, and African markets and will help to roll-out technology platforms across Financial eco-systems in these markets while continuing to build next generation technology stacks and products and scale our current offerings.?

Besides, Kapil has an MBA from the University of Chicago?s Booth School of Business. He is also an alumnus of the National Institute of Technology (VNIT), Nagpur, and INSEAD Business School.

About CredAble:

CredAble is India's largest working platform enabling more than USD 5 billion annually in working capital for India Inc. which includes large, mid, emerging corporates, MSMEs, and financial institutions. CredAble?s platform hosts over 100 corporate customers, over 300,000 small business borrowers, and over 30 large financial institutions and banks. By leveraging our technology built in-house, expertise in big data analytics, trade finance, and partnerships with capital providers, we lead the working capital space while witnessing over 500% year-on-year growth.

The Company was recently awarded the ?Best Technology Use Case" award at BW Business World Unicorn Summit 2022, for building a tech stack that is robust & agile which has transformed the working capital landscape in the country. It was also awarded as the Fintech, and Deep Tech categories at NASSCOM Emerge 50 Awards 2020 and as the Best Supply Chain Finance Solution of the Year 2019 at the Inflection 2019, a leading supply chain summit.? The Company was selected into the Oracle Startup Cloud Accelerator Program 2018, SAP Startup Studio Cohort 2020, and was also recognized by the Maharashtra Government as the Best FinTech Startup 2018.