Faircent Makes Strategic C-suite Appointments

Faircent.com, India’s largest peer to peer lending marketplace, today announced the appointment of Mr. Shivam Gupta as ‘Chief Risk Officer’ and Mr. Karun Thareja as ‘Head of Marketing’.

The appointments are testimony to the exponential growth India’s leading P2P lending exchange has been witnessing and the aggressive plans they have. Speaking about this recent development Mr. Vinay Mathews – Founder and COO, Faircent.com said- ‘’Both Karun and Shivam have excelled in their previous roles and we at Faircent are delighted to have them onboard. We are confident that they will deliver par excellence in their new roles and will be instrumental in driving our growth and help reach new milestones.” 

“Risk management is essential for any financial organization; Faircent has some of the best risk management practices in place. I am excited to join Faircent at this stage of its journey as we look to accelerate growth.” said Mr. Shivam Gupta, Chief Risk Officer, Faircent.com.

On his appointment, Mr. Karun Thareja, Head of Marketing, Faircent.com said, “Faircent is the disruptive model which has created a strong brand in the alternative lending space in our country. It’s a pleasure to be part of this rapidly growing platform and we are all set to scale new heights.”

Shivam Gupta is an experienced banker with 12 years of experience in risk management across retail and business lending spanning all markets in South East Asia region. In this position he will be responsible for Risk & Risk Analytics, Operations & Collection. Having started his career in India with Standard Chartered Bank, Shivam has been a part of the global risk management team of Standard Chartered Bank based in Singapore for the last 10 years. Apart from extensive knowledge on Retail and Small & Medium enterprises, Shivam brings with him best practices across underwriting, analytics and other areas of risk management and risk operations gained from various developed and emerging economies in South East Asia. He did his BE from Delhi College of Engineering & MBA in Finance & Strategy from IIM, Lucknow in 2004. Shivam is fond of cooking & is a keen traveler.   

Karun is a B.E. (Electronics) from Delhi College of Engineering (’94) and M.B.A. from F.M.S., Delhi University (’96). His key forte is taking businesses down the route of exponential growth and has demonstrated the same in his previous assignments at both start-ups and global market share leaders. His extensive experience in Marketing, Sales and Business Management spans more than 20 years. His domain expertise includes Analytics, Enterprise Systems, Contact Center Management and Process Management. He was last part of the leadership at an analytics startup called WyzMindz. In his prior roles he has led multi-fold growth in business units at companies like IBM, Microsoft, Oracle, Dassault Systemes and NIIT.

About Faircent.com

Faircent.com is India’s largest peer to peer lending website which caters to retail and business loans. Faircent helps in eliminating the high margins, which intermediaries make on our transactions. At Faircent.com people who have spare money lend it directly to people who want to borrow.

Faircent.com in its nascent history been able to garner recognition from the Industry – It was showcased as one of the top start-ups at Start Up India, selected for the first batch of NASSCOM 10,000, It is part of the Microsoft BizSpark programme and it was one of the top 10 companies from India to be selected for Web Summit in 2013.