mcapital: Mswipe’s lending business appoints Tanya Chadha as COO

mcapital: Mswipe’s lending business appoints Tanya Chadha as COO

Mcapital, the lending business of Mswipe, has announced the appointment of Tanya Chadha as its chief operating officer (COO), said a statement issued today.

With over 16 years of experience in financial services and credit, she will oversee building a loan book of Rs. 100 Crore by March 2022. Her appointment comes at a time when Mswipe is gearing up for an NBFC license. Joining the leadership team, she will focus on accelerating efforts towards technology innovation and driving new product strategy and growth of the company.

“We are building interesting solutions at Mcapital which will accelerate the journey of SMEs in accessing formal credit. Tanya brings a wealth of experience in financial services and lending space and we are certain that she will play a pivotal role in our journey to transform into a digital SME bank,” said CEO Ketan Patel.

“SMEs are often faced with the challenge of accessing finance and this acts as an obstacle to start and grow a business. We want to enable them to scale up their business and help them reach their full potential. I am excited to be a part of the fantastic and dedicated team at Mcapital and to further accelerate innovation, ensuring compliance and driving organisational vision,” Chadha said.

She was formerly the vice president – lending product and business processes at Mcapital.

She has rich experience in both secured and unsecured lending across functions like credit, product management, alliances and sales. In her previous company RattanIndia Finance, she led consumer finance including personal loans, small business loans and two wheeler loans. She has also worked with leading NBFCs including HDFC, Kotak Mahindra Prime and Capital First.

Headquartered in Mumbai, Mswipe began operations in 2011. Its key investors include B Capital, UC-RNT, Falcon Edge Capital, Matrix Capital Partners, DSG Partners and Epiq Capital.

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