Vikram Verma joins CredAvenue as SVP – Technology

CredAvenue has announced the appointment of Vikram Verma as Senior Vice President – Technology. In his role, Vikram will be responsible for driving CredAvenue’s key objectives of deepening innovation and strengthening its technology and data science infrastructure. The organisation, which has been on a hyper-growth trajectory since inception, is aiming to double its technology talent base by FY22. Based out of Bengaluru, Vikram will steer these efforts, working with Harshwardhan Mittal, Chief Technology Officer.

Vikram brings with him nearly two decades of experience in the technology space and has been in leadership roles at various organisations, including larger companies like Yahoo and Oracle and startups like Goodera and FundsTiger, which he co-founded in the B2B Loans space, where he was responsible for building teams and products from scratch and leading core engineering, platform and product teams.

Gaurav Kumar, Founder and CEO, said: “Our platform has seen 15x growth as we build the operating system for the Debt markets. In line with that, there has been a tectonic shift in how we are looking at building our technology capabilities and talent in core technology areas. Our goal is to enhance user experience on the platform ultimately and enable better credit and deal discovery & execution capabilities on the platform. We are thrilled to have Vikram on board and see him as one of our key leaders driving this critical shift. We welcome him to the CredAvenue family and look forward to doing a stellar job together.”

“I am very excited to be a part of CredAvenue. It’s a one-of-a-kind marketplace for global end-to-end debt needs. Its journey and growth since its inception are truly inspiring. The company and its leaders are ambitious and passionate, and I’m looking forward to further contributing to this success story,” said Vikram.

CredAvenue is currently focusing on evolving its platform with cutting-edge technologies like data science and machine learning in the next few months. This will help further expedite a deal lifecycle and help borrowers and investors choose their matches in a more quantifiable and aligned manner. It also aims to become a complete self-service B2B Debt Platform with seamless connectivity to any external data source for information flow.

In line with these objectives, the firm is heavily focusing on acquiring domain-agnostic talent in core technology areas, including data engineering, AI-ML, data science and analytics, data security, product management, deep integration, platform architecture and software engineering. It is also investing massively in ramping up its Bengaluru office, which will act primarily as its technology centre, potentially growing into a 200–250-member team in the next 12-18 months. It already has one of the most advanced data science teams in the country.

Before joining CredAvenue, Vikram was the CTO and Head of Products at Goodera, a technology platform that helps companies measure and communicate the impact and ROI of CSR, sustainability, and volunteering initiatives. Other organisations that he was associated with include FundsTiger, Informatica, Yahoo, and Oracle. He holds a degree in Bachelor of Technology, Computer Science from IIT Delhi and completed EGMP from IIM Bangalore.

Most recently, CredAvenue has raised $90 million in equity capital in a funding round led by Sequoia Capital and co-led by Lightspeed, TVS Capital Funds, Lightrock and others. The funding values the company at approximately $410 million.