ProgCap, a corporate-led finance solution for small and medium-sized businesses (SMBs) in India, has strengthened its executive team by appointing Zafar Imam as Executive Director (ED) – Lending. Imam will be in charge of expanding the lending company’s product and industry offerings.
He has been in the banking and financial industry for over two decades. Imam has held executive positions in companies such as Finshell, Axis Bank, HDFC, and Cholamandalam, as reported by BW Disrupt.
ProgCap strengthened its leadership team earlier this year by making strategic talent acquisitions. Company Appoints Supply Chain Finance Veteran, Abhishek Lall As Chief Business Officer. Along with this, the company has appointed Swati R. Agarwal as Chief Risk Officer and Vishal Wali as Chief Collection Officer.
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These appointments highlight the company’s plans for further growth and expansion by leveraging the expertise of these professionals in key leadership roles. Speaking on these developments, Himanshu Chandra, Co-founder, Progcap, said, “ The leadership team brings tremendous experience in building businesses from scratch and scaling them profitably and will play an instrumental role in helping Progcap scale newer heights.”
Earlier this year, ProgCap has named the country’s fastest-growing startup in terms of sales and growth, according to the Hurun India PE Performers 2022 report.
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ProgCap is an award-winning financial technology firm that aims to revolutionize the way financial access is provided to under-served segments of the Indian retail economy and empower promising enterprises with capital for growth. They operate across the entire retail ecosystem and supply chain with their end-to-end financial services and solutions.
ProgCap was founded by Pallavi Srivastava and Himanshu Chandra in 2017 and is based in New Delhi
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