Eduvanz, a fintech NBFC onboards Arvind Sampath as the Chief Financial Officer of the company. He will play a key role in overseeing the lending businesses, ensuring compliance with regulations, driving financial stability and profitability.
“Under Arvind Sampath’s expertise, the company is consolidating all the financial functions including PnL Management, Treasury, EQ & Debt raise, and financial compliances under one umbrella. As, the CFO he will be responsible for building and executing our financial strategies to build a long-term profitable company while keeping costs in check,” the company said.
Sampath comes with more than 25 years of experience, where he had previously served as the EVP and Head Treasury at Poonawalla Fincorp and prior to it he headed the treasury at Fullerton India (now SMICC).
“While the company continues to remain well capitalised, in order to benefit from evolving opportunities, it remains open to exploring potential synergies with leading investors for its next round of growth capital investment,” as per the company’s response.
Eduvanz has raised over $30 million in equity across multiple rounds of investments from marquee investors like Peak XV Partners (formerly Sequoia Capital), Juvo Ventures, Rethink Education Ventures, Unitus Ventures and others. Eduvanz has also raised over $75 million in debt from leading Indian and global financial institutes. The fintech for edtech, Eduvanz is now launching India’s first ecosystem for learners called WiZR.