Posted by Bengaluru: AI-powered Enterprise SaaS platform Actyv.ai has strengthened its leadership team with the appointment of two new members. The company has appointed Prakash Dara as EVP – Scoring and New Credit Products and Manish Gupta as Strategic Advisor.
“I am delighted to expand our senior leadership team at Actyv.ai. As category creators in the AI-powered Enterprise SaaS with B2B BNPL (Buy Now Pay Later) embedded, we are sure this empowers us to drive large-scale transformation in the supply chain ecosystem across geographies. With the expanded team we will now be focusing on building our business globally, starting with India,“ said Raghunath Subramanian, Co-Founder, Global CEO and Executive Chairman, Actyv.ai
“Prakash Dara, a seasoned Risk and Business professional, will be responsible for strategically driving Actyv Score as a standalone product, create new age underwriting models to propel B2B BNPL and also help in innovating new credit products,” added Subramanian.
“Manish Gupta, a reputed business leader in the FMCG sector has joined as the Strategic Advisor and will augment business relationships and also contribute to relevant technology interventions for transformation across the eco-system,” further he said.
Prakash a CA, CS and CWA, has over 23 years of experience in the banking sector. He has been the Executive Vice-President and Business Head at Kotak Mahindra Bank across multiple verticals. After his long stint with Kotak, he was associated with Mango Advisors LLP as a partner and is the Co-Founder of Flint Consulting LLP an investment banking firm.
“I am thrilled to be a part of the Actyv.ai team, who are trying to simplify and make credit accessible to the B2B segment. Despite being the backbone of the country’s economy, 80% of the MSMEs lack formal access to credit. Through Actyv.ai, we are on a mission to change the game by empowering these enterprises with hassle-free credit in order to help them run an efficient business,” said Prakash Dara.
Manish is an Engineer and XLRI alumni having over 26 years of experience in the FMCG sector. He has held various leadership positions and has led large teams at world-renowned FMCG companies like Reckitt, GSK Consumer & Walmart, thereby giving him a ringside view of the Indian trade ecosystem.
“Having been an integral part of FMCG industry for over 20 years, I understand the growth opportunity that can be unlocked for all the players in the value chain. It’s intuitively simple – easy access to capital creates easy access to brand availability at stores! This virtuous cycle creates new business, new jobs and helps propel the national economic engine. I look forward to doing my bit towards building this connected eco-system : Actyv.ai, FIs, Brand owning Enterprises and their distributors & retailers,” said Manish Gupta.