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Stashfin Appoints Aparna Bihany as Senior Vice President for Lending!

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Stashfin Appoints Aparna Bihany as Senior Vice President for Lending!

Homegrown lending platform Stashfin has announced the appointment of Aparna Bihany as its Senior Vice President (SVP) for Lending. With over 20 years of experience in the banking, financial services, and insurance (BFSI) sector, Bihany is poised to play a pivotal role in shaping the company’s growth strategy and enhancing its lending operations.

Driving Innovation and Growth

In her new role, Aparna Bihany will focus on designing and implementing innovative lending solutions tailored to meet diverse customer needs. She will also oversee the optimization of operational processes and work towards enhancing customer experiences across Stashfin’s lending portfolio.

Previous Experience

Bihany brings a wealth of experience from her previous roles, including her tenure at Paytm, where her strategic initiatives expanded the customer base and diversified the company’s offerings. Her background includes significant positions at various financial institutions, where she honed her skills in digital lending, risk management, and product development.

Leadership Perspective

Welcoming Bihany to the team, Tushar Aggarwal, Founder and CEO of Stashfin, stated:

“We are thrilled to have Aparna join the Stashfin family. Her extensive expertise and strategic vision will be instrumental as we continue to grow and innovate in the financial services sector.”

Aggarwal emphasized that Bihany’s leadership will be crucial in navigating the rapidly evolving fintech landscape and enhancing Stashfin’s competitive edge.

Proven Expertise in Digital Lending

Aparna Bihany has an impressive career trajectory, with key roles at organizations like Clix Capital, IndusInd Bank, and ICICI Bank. Her expertise spans digital lending, risk management, and portfolio growth, making her a valuable addition to Stashfin’s leadership team.

Commitment to Customer Empowerment

Expressing her enthusiasm about joining Stashfin, Bihany said:

“I am excited to join Stashfin and contribute to its mission of empowering individuals financially. I look forward to leveraging my expertise to drive growth and enhance customer experiences.”

Her focus on customer-centric solutions aligns well with Stashfin’s commitment to providing accessible financial products.

About Stashfin

Founded in 2016 by Tushar Aggarwal, Stashfin has emerged as a leading player in the lending space. The company offers a range of financial products, including personal loans and credit lines tailored to meet the needs of its diverse customer base.

Recent Funding Milestone

In March 2023, Stashfin raised $100 million in a debt funding round led by InnoVen Capital and Trifecta Capital, further cementing its position as a key innovator in the financial services ecosystem. This funding is expected to enhance its technological capabilities and expand its lending operations.

Conclusion

With Bihany’s appointment, Stashfin aims to accelerate its mission to provide seamless and customer-centric lending solutions. Her extensive experience in the BFSI sector is expected to drive innovation within the company, positioning it for sustained growth in an increasingly competitive market. As Stashfin continues to evolve, it remains committed to empowering individuals with accessible financial solutions tailored to their needs.

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  1. binance-

    March 19, 2025 at 11:10 am

    Your article helped me a lot, is there any more related content? Thanks!

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Jio Financial Services Introduces Digital Loans Against Securities

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Jio Financial Services, through its NBFC arm Jio Finance Limited, has launched a fully digital Loan Against Securities (LAS) service. This innovative offering allows customers to secure loans up to ₹1 crore against their shares and mutual funds within just 10 minutes via the JioFinance app.

 

Key Features:

  • Digital Process: Entirely online for speed and convenience.
  • Loan Amount: Up to ₹1 crore.
  • Interest Rates: Starting at 9.99%, tailored to individual risk profiles.
  • Tenure: Maximum of three years.
  • No Foreclosure Charges: Flexible repayment options.

Strategic Impact:

The LAS offering aligns with Jio Financial’s broader digital strategy to make financial services more accessible and efficient. It complements existing products like home loans and corporate financing.

Market Response:

Jio Financial Services’ stock rose significantly following the announcement, reflecting investor confidence in the company’s digital expansion. The shares increased by up to 5.5% on the BSE, highlighting the market’s positive reception of this strategic move12.

Leadership Perspective:

Kusal Roy, MD and CEO of Jio Finance Limited, emphasized that this launch is part of a comprehensive digital strategy aimed at transforming customer interactions with financial services1.

Future Prospects:

With its focus on technology and customer convenience, Jio Financial is poised to become a leading player in India’s digital financial services sector.

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Aerem Secures ₹100 Crore in Series A Funding

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Mumbai-based solar financing startup Aerem has raised ₹100 crore in a Series A funding round. The round was led by Japan’s University of Tokyo Edge Capital Partners (UTEC) and included investments from British International Investment (BII), SE Ventures, Riverwalk Holdings, and existing investors Blume Ventures and Avaana Capital.

Strategic Use of Funds

Aerem will use the funds to expand its operations across India, focusing on underserved eastern and southern regions. It aims to enhance its solar financing solutions, improve its B2B marketplace for solar equipment, and refine its tech platform. Additionally, the company plans to broaden its lending portfolio and reduce customer acquisition costs by leveraging its network of over 2,000 verified solar installers.

Aerem’s Impact

Founded in 2021 by Anand Jain and Vikesh Agarwal, Aerem provides comprehensive solutions for distributed solar energy adoption. Its services include:

  • Solar Financing: Loans for businesses and homeowners through its NBFC arm, NetZero Finance.
  • Equipment Procurement: The SunStore marketplace offers competitively priced solar equipment.
  • Support for Installers: Benefits for over 2,000 verified installation partners include financing access, quality equipment, and digital tools.

Aerem has enabled over 800 megawatts of solar capacity across 65 Indian cities, financing more than 800 projects. Its deployments have prevented nearly 22 million tonnes of CO₂ emissions and could save MSMEs up to ₹14,000 crore in energy costs.

Revenue Growth

Aerem reported significant revenue growth in FY24, with a 9X increase to ₹175 crore from ₹1.84 crore in FY23. This growth highlights the scalability of its business model.

Future Plans

With this funding, Aerem is poised to accelerate India’s transition to sustainable energy by eliminating barriers to solar adoption and empowering local businesses.

 

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Sweet Karam Coffee Secures $8 Million in Funding from Peak XV and Fireside Ventures

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Sweet Karam Coffee, a Chennai-based brand specializing in traditional South Indian snacks and sweets, has raised $8 million in Series A funding from Peak XV Partners and Fireside Ventures. Founded in 2015 by Anand Bharadwaj and Nalini Parthiban, the company offers products free from palm oil and preservatives, catering to customers across 32 countries.

This investment follows a previous $1.5 million funding from Fireside Ventures in October 2023, which supported offline expansion. The new funds will be used to enhance distribution through omnichannel networks, develop new products, and bolster technology-driven supply chain capabilities. 

 

Sweet Karam Coffee has grown its revenue four-fold over the past year and expects to grow another 2.5 times in the coming year.

The company has also appointed Nandhitha Indermohan, a former Unilever executive, as its Chief Operating Officer to boost operations. This strategic move positions Sweet Karam Coffee for further growth, leveraging the booming quick commerce sector and expanding its presence across India and globally.

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