LenDenClub, India’s peer-to-peer lending network, is assembling a powerful leadership team as it prepares for its next development phase. To that end, the RBI-registered NBFC-P2P has named Nirmal K. Rewaria as its Chief Business Officer – Investments. Nirmal has over two decades of market-tested experience pushing organisational goals in diverse business functions such as business development, sales and distribution.
Nirmal would be accountable for LenDenClub for expanding the channel partner network to assist financial advisors in providing alternative investing alternatives for their clients’ funds. He would also be in charge of building critical distribution agreements to make LenDenClub’s P2P loan solutions more accessible.
Speaking on the appointment, Bhavin Patel, Co-founder & CEO, LenDenClub, said, “Peer-to-peer lending has emerged as a preferable alternate investment class for investors. With the soaring demand of high return instruments among Retail and HNI investors, we want to present investment in P2P lending as one more asset class to include in their portfolio. In the recent past, we have made certain strategic appointments, and Nirmal’s addition to the team solidifies our commitment and focus towards our intended exponential growth. Given his expertise in building a B2B channel for financial companies, Nirmal will not just help bring a 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.”
Nirmal has previously worked in Sales, Marketing & Distribution, and Channel Management for some of India’s most prestigious organisations, including Edelweiss, Axis Securities, and Standard Chartered Securities, across numerous regions. He is a B2B expert who has helped organisations create Channel Partners’ networks and increase business volumes. He has a large network throughout the industry, ranging from manufacturers to investors via B2B channels.
Embarking on his new beginning, Nirmal K. Rewaria, CBO – Investments, said, “With LenDenClub’s cutting-edge product offerings, the company is well-positioned to capitalise on the momentum of new-age asset classes and accelerate the adoption of digital financial products. I’m happy to make a significant contribution to this journey and to support the organisation’s expansion goals. In the future, I want to contribute towards the country’s digital economy by leveraging my skills to provide a viable alternative investment and financing choice for Indians.”
