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About Us

RapiPay is driven by a vision to grow and lead digital banking services in the country with its Neo Banking super App NYE. Whether you’re a consumer, a retailer, or an SME, you can bank upon us. For consumers, we offer a wide suite of Neo banking services, and for businesses, we have assisted payment services, POS solutions, and business loans.

Our Values

Integrity

We endorse honesty in all our actions.

Trust

We honour the promises made to you.

Customer First

We place our customers at the heart of what we do.

Transparency

We take pride in communicating our beliefs and decisions with complete openness.

NYE - Beyond Banking

NYE is pronounced as NYE

NYE means One. We believe our customers don’t need multiple Apps for their banking and financial requirements. They need just one app and that is NYE. It’s the coolest banking experience that will give you more control over your money, savings and spends. Start your NYE Banking now and experience the awesomeness.

Our Journey

2017
  • RapiPay received PPI wallet license from RBI
2018
  • RapiPay Mobile Wallet launched in adherence to RBI Guidelines.
  • RapiPay Service started in Delhi NCR, Mumbai and Bengaluru.
2019
  • Started PAN India operations of Direct Business Outlets (DBOs)
2020
  • Micro ATM launched. Became 3rd largest player in this segment
  • Raised $9M in pre-series A funding round
  • DBOs network grew to 100k
2021
  • DBOs network grew to 300k
  • Introduced Digital Lending Services
2022
  • Raised $15mn in Feb 2022
  • DBOs network grew to 500k
  • Official Sponsors Delhi Capitals for IPL 2022

Our Team

CO – FOUNDER AND MANAGING DIRECTOR

Yogendra Kashyap

With a career spanning over three decades, Yogendra is a technocrat and is passionate about nurturing new businesses.

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Wholetime Director and Chief Executive OFFICER

Nipun Jain

Nipun has over 26 years of experience in retail banking. Prior to joining RapiPay, he was the SME Head of Yes Bank

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CHIEF FINANCIAL OFFICER

Sumit Choudhary

Sumit is a Chartered Accountant with over 18 years of experience in the financial domain and leads the finance function at RapiPay.

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Technology Head – Neo Banking

Sumit Adlakha

Sumit has over 17 years of experience and heads the technology vision, design and development of the neo banking platform.

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Product Head – Neo Banking

Pushkar Sinha

Pushkar has over 18 years of experience in managing mobile optimised B2C fintech products in payments, payments bank, insurance, lending, and loyalty.

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Business Head – Neo Banking

Sandeep Rastogi

Sandeep has over 15 years of experience in business development with specialisation in payments, cross-border partnerships, distribution of financial products

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Technology Head – Digital Lending

Srinivas Nidumolu

Srinivas looks after the product vision, design and development of RapiPay’s digital lending arm. With experience spanning over 20 years

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Sr. VP, Engineering – Neo Banking

Amit Tuteja

With over 15 years of industry experience in new product development, solutions architecture, digital transformation, SaaS & cloud engineering

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President and Business Head – Payments

Sachin Dewan

Sachin has domain expertise in the payments and cards ecosystem. In his two-decade-long career, he has worked with American Express

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Chief Human Resource Officer

Robin Scaria

Robin is responsible for the end-to-end human capital agenda focusing on designing and deploying scalable HR systems and processes across the organisation.

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Yogendra Kashyap

CO – FOUNDER AND MANAGING DIRECTOR

With a career spanning over three decades, Yogendra is a technocrat and is passionate about nurturing new businesses. He brought the BFSI (Banking Financial Services in India) services to over 1 million touchpoints throughout India.

He has worked relentlessly towards devising new solutions and technologies in the ITES sector across the country while impacting the last mile. Mr. Kashyap’s deep understanding of the Indian demographics and distribution systems has helped RapiPay disrupt the assisted payment space by delivering products and services that reach the last mile through its Direct Business Outlets (DBOs).

Nipun Jain

WHOLETIME DIRECTOR AND CHIEF EXECUTIVE OFFICER

Nipun has over 26 years of experience in retail banking. Prior to joining RapiPay, he was the SME Head of Yes Bank, where he helped in establishing and scaling up the retail asset business with a focus on profitability and portfolio quality.

He has also held various senior positions at ICICI Bank. He managed both assets and liabilities and was also the business head for commercial vehicles and construction equipments. As zonal head of the retail banking group, he managed 180 branches with a team of 2500 employees.

Sumit Choudhary

CHIEF FINANCIAL OFFICER

Sumit is a Chartered Accountant with over 18 years of experience in the financial domain and leads the finance function at RapiPay. He partners with business teams to facilitate their growth. As the CFO, he leads efforts toward automating various business processes across the firm. Prior to RapiPay, he was associated with EY, Mazars and RBS.

Sumit Adlakha

TECHNOLOGY HEAD – NEO BANKING

Sumit has over 17 years of experience and heads the technology vision, design and development of the neo banking platform. He has built scalable, secure, end-to-end systems for B2B, B2C and C2C. He has also guided technology teams in building solutions for varied tech stacks in startups, SMEs, and large enterprises.

He has an in-depth knowledge of the BFSI domain, travel e-commerce, events/collaboration technology and healthcare, and has worked with Credit Suisse, Expedia and Cvent.

Pushkar Sinha

PRODUCT HEAD – NEO BANKING

Pushkar has over 18 years of experience in managing B2C fintech products in payments, payments bank, insurance, lending, and loyalty. His expertise lies in creating and scaling consumer platforms providing financial services by driving product development, business analytics, market launch strategy and digital marketing. An IIT, IIM graduate, Pushkar has previously worked with Airtel, Payback and Policy Bazaar.

Sandeep Rastogi

BUSINESS HEAD – NEO BANKING

Sandeep has over 15 years of experience in business development with specialisation in payments, cross-border partnerships, distribution of financial products, B2B and B2C channel management, enterprise business, and banking products.

In his previous role, he was the VP- Enterprise Sales and New Initiatives and was heading the embedded finance and API business at Open Financial. At PayU Payments, he set up the SMB & mid-market business, and was also heading the pan India business for SMBs.

Srinivas Nidumolu

TECHNOLOGY HEAD – DIGITAL LENDING

Srinivas looks after the product vision, design and development of RapiPay’s digital lending arm. With experience spanning over 20 years, he has built high scale end-to-end enterprise systems and bootstrapping technology teams for startups. His expertise lies in the BFSI segment and e-commerce domains. His previous organisations include CASHe, Myntra and Bank of America.

Amit Tuteja

Sr. VP, Engineering - Neo Banking

With over 15 years of industry experience in new product development, solutions architecture, digital transformation, SaaS & cloud engineering–Amit drives technology, cloud enablement, tech initiatives, capability development, and thought leadership across RapiPay. He has extensive experience in building multiple cloud-native SaaS/API platforms for B2B, B2C and C2C. He is also responsible for the overall Cloud and DevSecOps engineering practices at organisational level. Previously, he has worked with brands like Amazon and Honeywell.

Sachin Dewan

PRESIDENT AND BUSINESS HEAD – PAYMENTS

Sachin has domain expertise in the payments and cards ecosystem. In his two-decade-long career, he has worked with American Express, Axis, HSBC, Pine Labs, BharatPe, Innoviti Payments and Mswipe in various senior roles. He is responsible for the growth of the payments unit, merchant sales, network partnerships, and expansion of RapiPay across India.

Rajat Maheshwari

CHIEF INFORMATION SECURITY OFFICER

Rajat, an IIM K alumnus, is an information technologist and security professional with over 21 years of experience in the insurance, fintech and NBFC sectors. Previously, he was the Chief Information Security Officer (CISO) at PNB Housing Finance Ltd. He has led IT & IS operations and has also implemented governance and compliance controls across organisations.

Robin Scaria

Chief Human Resource Officer

Robin is responsible for the end-to-end human capital agenda focusing on designing and deploying scalable HR systems and processes across the organisation. He brings in over 20 years of experience in leading and managing talent enablement and transformation journeys across global client businesses. Prior to RapiPay, he worked with Accenture, TCS, WNS, and Capgemini.

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