India P2P Lender Faircent Appoints Shakti Goel as Chief of Product and Technology

This week, India-based peer-to-peer lending platform Faircent announced it appointed Shakti Goel as its new chief or product and technology. Goel has over 20 years of experience in leveraging technology-based solutions and is currently the technical advisor, and board member of DEWI Online. Other positions he has held include CTO of Akash Educational Services, e-commerce technology consultant, and chief technology officer at HCL Infosystems.

COO of Faircent, Vinay Mathews, declared in a statement,

“In continuation to our agenda towards shaping technology, we needed leadership talent with deep experience in data analytics, mobile and security to take us to the next level. Shakti is a good fit and is someone who has years of overseas experience and brings deep management and technical expertise to help us navigate going forward. He has built and managed large technology and product teams in his previous assignments. We are confident that he would play a key role in achieving new milestones.”

Goel then added:

“Faircent is a strong brand in the Peer to Peer lending marketplace in India. It is a great opportunity to be a part of the brand’s journey towards achieving greater heights in the financial landscape of India.”

Earlier this year the P2P lender raised Series A round led by JM Financial Ltd subsidiary which picked up 9.8% stake in the company. Existing investors in the prior round also included Aarin Capital Partners and other individual investors; though undisclosed, the raise was estimated to be between $2.5 million to $3 million.  Faircent utilized the capital to build its technology, product and team. The company recently secured $1.5 million from Brand Capital, the investment arm of the media conglomerate Bennett Coleman and Co.