Varun Sridhar has been named CEO of the wealth management and lending division of Aspora, a multinational financial technology company that was formerly known as Vance. This appointment is a significant addition to the leadership team of the fintech company. 

Key Highlights

• Aspora appoints former Paytm executive Varun Sridhar as CEO to strengthen wealth and lending operations.
• Sridhar’s leadership aims to accelerate Aspora’s fintech growth through enhanced digital lending and wealth solutions.

Ridhar has worked in digital banking and financial services for more than 20 years. He oversaw the platform from launch to profitability while serving as CEO of Paytm Money and Paytm Services. Prior to Paytm's public listing, he joined the company during its pre-IPO stage and contributed to the development of its operating model. In August of this year, he resigned as Paytm Services' CEO.

He gained extensive experience in retail banking, wealth management, and fintech operations across several geographies while holding executive positions at BNP Paribas, Citibank, and Deutsche Bank before to joining Paytm.

Sridhar will be in charge of expanding Aspora's wealth and lending services and bolstering its cross-border banking stack for international markets.

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Aspora, which Parth Garg founded in 2022 and was a member of Y Combinator's Winter 2022 batch, just underwent a rebranding process. With aspirations to grow into Saudi Arabia, France, Spain, the Netherlands, Canada, and Singapore, the company presently provides services to customers in the US, UK, UAE, Germany, Italy, and Ireland.

Aspora raised $53 million in a Series B fundraising round led by Sequoia, Greylock, and other investors back in June of this year. To date, the business has raised more than $99 million.