LenDenClub appoints AU Bank’s Ashish Jain as Chief Business Officer – Investments

LenDenClub CBO: Peer-to-peer lending platform LenDenClub appointed Ashish Jain as its new Chief Business Officer - Investments. The RBI registered NBFC-P2P made the official announcement through a release on July 13, 2022.

Speaking on the appointment, Bhavin Patel, Co-founder & CEO, LenDenClub, said, "We aspire to achieve $1 Billion in Loan disbursals this financial year. In the recent past, we have made certain strategic appointments, and Ashish’s addition to the team solidifies our commitment and focus towards our intended exponential growth."

"Given his expertise in the leading digital transformation on the retail banking side, Ashish will not just help bring fresh perspective to our core business strategies, but will be a key driver in the growth of our Investments Business. I look forward to working closely with him and wish him all the best for the future,” he added.

According to the company, Ashish brings over two decades of market-honed experience across diverse businesses such as FMCG, Mutual Funds, and Banking in the product, business development and sales domain, driving to achieve organizational goals. His last stint was with AU Small Finance Bank.

"At LenDenClub, Ashish would be responsible for enhancing the channel partner network that will help financial advisors provide alternative investment opportunities to allocate their clients’ assets. In addition, expanding key partnerships across the distribution landscape in order to make LenDenClub’s P2P lending offerings more accessible," the release said.

With record disbursements, customer additions, top-line growth, profitability, and distinctive product offerings, LenDenClub has had outstanding operational performance in FY 21–22. The business has also developed a multi-pronged plan to speed up its growth by being the go-to platform for peer-to-peer lending for the underserved investors and borrowers in the nation and helping them with various financial requirements.