The top deck hires follow the appointment of Setu's new Chief Executive Officer (CEO) Anand Raisinghani earlier this year.
Pandit's appointment comes 10 months after the firm appointed former SAP India executive Raisinghani as its CEO
The platform supports a wide range of UPI products, from basic QR code payments to other collection modes like UPI Autopay, EMI, and Third-Party Validation or TPV service.
Sesame leverages the data ecosystem to power features such as improved credit underwriting, fraud detection, loan monitoring, upsell/cross-sell and personal finance advisory.
Raisinghani, who replaces Sahil Kini, will work closely with co-founder Nikhil Kumar to steer the fintech firm in its next phase of growth
The participation of major PSU banks is key to the success of AA’s framework as it will open a window for a huge pool of the banks’ customers to use the framework and allow easy access to financial services
The in-principal nod for the Account Aggregator license was received through Setu's subsidiary Agya Technologies.
Setu offers open APIs across four categories—data, payments, investments, and lending. The company's founders will continue to lead the firm and brand name and the team of Setu will be retained.
The startup offers APIs to allow companies to integrate with banks, NBFCs and offer financial products.