Online wealth management platform Paytm Money on Wednesday announced the appointment of Suresh Vasudevan as its Chief Technology Officer (CTO).
As part of his new role, Suresh will be leading the overall engineering and technology functions at Paytm Money, and will be based out of Bengaluru, said a release.
Suresh has over 20 years of experience in product development for various startups and enterprise product companies across payments, ecommerce and fintech domains. He has also worked at Amazon as the Head of Engineering for Alexa Skills Certification platform.
Prior to this, Suresh was the Vice President of Engineering at Paytm Mall.
In the past, he has worked as VP Engineering at Unicel Technologies and held leadership roles at Sify and mChek. He also had a brief stint with Paytm Mall as the Vice President - Engineering before joining Paytm Money.
Speaking on the appointment, Pravin Jadhav, whole-time Director, Paytm Money said,
“We are very excited to welcome Suresh onboard as our Chief Technology Officer to lead our engineering teams. His rich experience across multiple technology and industry verticals would be of immense value to help build and scale our investment platform. Suresh will also be working on building Data Science and AI capabilities for Paytm Money as we continue focusing on automating our platform and building robo-advisory based investment products to ease the investment advice and decision-making process for our users”.
Suresh Vasudevan, CTO, Paytm Money said,
”I have been an early adopter of Paytm Money as a user, and admired the focus and passion with which the engineering team has built the product, and scaled it to its leadership position within just a few months of its launch. I am humbled to lead this team on the journey to build a world-class investment product for millions of Indians.”
Since its launch in September 2018, Paytm Money has crossed the one million registered users mark to become the largest platform for direct mutual fund investments in India.
Recently, Paytm Money also launched Register Now, Pay Later for SIPs, tracking and consolidation of mutual fund portfolio, SIP Top-up and other new features.
Currently, the platform has partnered with 35 AMCs (Asset Management Companies) and is headquartered in Bengaluru, with a team strength of more than 250 members.