Pankaj is a seasoned engineering leader with close to 3 decades of experience
Prior to joining BharatPe, Pankaj was the Head of Payments Engineering at Razorpay
BharatPe Group, India’s leading name in the fintech ecosystem, has announced the appointment of Pankaj Goel as the Chief Technology Officer. Pankaj is a seasoned engineering leader with nearly three decades of experience in technology and engineering roles. Prior to joining BharatPe, Pankaj was the Head of Payments Engineering at Razorpay. Pankaj will be reporting to Nalin Negi, Chief Financial Officer and interim CEO, BharatPe. Pankaj will be leading the technology team at BharatPe Group and spearheading the technology and innovation strategy across the Group of companies.
During his career, Pankaj has demonstrated a remarkable ability to build and manage technology functions at scale, catering to consumers, as well as enterprises of varied sizes. Pankaj's expertise lies in the fintech domain, where he possesses deep engineering knowledge and significant industry experience. In his last stint at Razorpay where he spent 4.5 years, Pankaj established a robust engineering organization that achieved remarkable growth, supporting the company's expansion from $1 billion to $100 billion TPV. Prior to Razorpay, Pankaj held leadership positions at renowned companies such as Intuit, Trilogy, and Sun Microsystems. Pankaj holds a Bachelors of Technology degree in Electronics and Communications from National Institute of Technology, Warangal. Additionally, he also pursued Executive MBA in General Management from Indian Institute of Management, Bangalore. Pankaj also recently completed a PG program in cloud computing from the University of Texas.
Commenting on the appointment, Nalin Negi, CFO and interim CEO, BharatPe said, "Technology is the backbone of our business and we stand committed to innovate and build disruptive fintech products that are market-first and relevant, as we expand our footprint to newer domains. With a seasoned engineering leader like Pankaj joining the team, we are confident that we will be able to build best-in-class fintech products that will further enable the next level of growth for the BharatPe Group of Companies. Pankaj’s phenomenal work during his rich career of close to 30 years is a testament of his strategic vision, managerial acumen, and ability to drive business growth through technology. I welcome Pankaj to the leadership team and look forward to working with him to build new-age products for millions of merchants and consumers. I am confident that under his able leadership, we will build the best technology team in Indian fintech ecosystem.”
Pankaj Goel, Chief Technology Officer, BharatPe Group, added, “Since its inception, BharatPe has leveraged technology to build disruptive and first-of-its-kind of products that have empowered millions of businesses across the country- from India’s first interoperable UPI QR with zero transaction fees, to its 100% digital lending product. The company has also made a mark in the consumer fintech space with postpe which was a great success from its early days. I am thrilled to be a part of BharatPe Group, as it focusses on building a portfolio of fintech products for a wider set of merchants and consumers. As digital becomes more mainstream, I believe there is a huge opportunity for fintech companies to enable the next level of growth story for merchants as well as make an impactful contribution to the overall India growth story. I am hoping that we will deliver impactful solutions that will enable us to not only solve existing problems, but also help us stay ahead of the curve in a rapidly evolving fintech landscape.”
About BharatPe Group
BharatPe was founded in 2018 to make financial inclusion a reality for Indian merchants. In 2018, BharatPe launched India’s first UPI interoperable QR code, the first zero MDR payment acceptance service. In 2020, post-Covid, BharatPe also launched a card acceptance terminal – BharatSwipe. Currently serving 1 crore merchants across 400+ cities, the company is a leader in UPI offline transactions, processing 300 million+ UPI transactions per month (annualized Transaction Processed Value of over US$ 24 Bn in payments). The company has already facilitated the disbursement of loans totaling INR 100B+. BharatPe’s POS business processes payments of over US$ 3.5 bn annually on its machines. BharatPe has raised over US$ 583 million in equity till date. The company’s list of marquee investors includes Tiger Global, Dragoneer Investment Group, Steadfast Capital, Coatue Management, Ribbit Capital, Insight Partners, Steadview Capital, Beenext, Amplo, and Sequoia Capital. In June 2021, the company announced the acquisition of PAYBACK India (Rebranded to Zillion), the country’s largest multi-brand loyalty program company with 100 million+ members. In October 2021, the consortium of Centrum Financial Services Limited (Centrum) and BharatPe, was issued a Small Finance Bank (SFB) license by the Reserve Bank of India (RBI). BharatPe also entered the Buy Now Pay Later (BNPL) segment with the launch of postpe in October 2021. postpe has over 8 million downloads and an annualized TPV of close to INR 50B+. In January 2023, BharatPe Group received an in-principle nod from the Reserve Bank of India (RBI) to operate as an online payment aggregator. Recently, the company announced that it has acquired a majority stake in Trillion Loans, a renowned NBFC (Non- Banking Financial Company).
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