Lentra, a leading digital lending cloud platform, has appointed Hitesh Sahijwaala as Executive Vice President of India Sales and Distribution to accelerate lending across the globe.
This is the third high-level appointment in the last six months. In September, Lentra appointed Haribandhu Patra as CFO and Bhuvaneswar Naik as CHRO.
The appointment comes at a time when Lentra is rapidly driving growth in India and the emerging markets of South East Asia, and expanding its platform to support some of the largest banks and NBFCs in the region.
In his new role, Sahijwaala will help further accelerate Lentra’s growth and enhance its position in the digital lending space.
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He has 25 years of experience in the IT industry and a history of delivering value to customers while working for companies such as Oracle, Red-Hat, and Hewlett-Packard. Prior to Lentra, Sahijwaala was regional vice president of the Finserv business unit at Salesforce, where he played a role in transitioning value to customers.
Sandeep Mathur, CRO, Lentra said Sahijwaala’s leadership, experience and proven track record in driving sales and revenue growth will be invaluable as the company continues to deliver impact to banking clients.
Sahijwaala said the financial services industry is plagued with long implementation cycles and large upfront expenses for technology solutions, which stifles innovation.
Lentra’s consumer-based business model and rapid implementations are gaining ground among senior bank executives, he said.
Last year, Lentra raised $60 million in series B and announced its expansion plans in Southeast Asia. In India, the company has 60 partner banks and NBFCs and more than 50 million loans processed through its platform.
