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Indian FinTech leader CredAble Appoints Ranjit Singh As EVP, Head Of Credit

On Wednesday (Aug. 25), India’s largest working capital platform, CredAble, announced the appointment of Ranjit Singh as the FinTech’s executive vice president and head of credit.

Passionate about credit risk management and financial structuring, Singh brings to CredAble decades of experience spanning corporate banking, credit ratings, insurance and IT. In this role, he will look to leverage technology and data to develop a robust and agile credit risk management framework at the Mumbai-based supply chain financing FinTech.

Speaking on the appointment, CredAble Co-founder and Managing Director Ram Kewalramani said that growing demands from micro, small and medium enterprises (MSMEs) will be a key focus, as Singh will “ensure that the credit and risk framework will enable CredAble to create real-time financial inclusion.”

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Singh will also design “innovative and flexible credit models that are transactional in nature as opposed to the traditional balance sheet approach, thereby creating true impact for the underserved MSME sector,” Kewalramani added.

“During the pandemic, I have seen a sharp escalation in the financing needs for both big and small enterprises to survive. Businesses grow by leveraging current assets to raise working capital debt, but this oxygen is denied to SMEs, as traditional financing prefers the comfort zone of large balance sheets or fixed asset covers,” said Singh, who spent 13 years with Rabobank and Standard Chartered Bank prior to this new role.

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Singh also noted that plans for “a credit paradigm that breaks this template by tracking cash flows” are materializing, capitalizing on technology and data to deliver credit to SMEs.

“With its innovative solutions, CredAble is ensuring liquidity in the supply chain ecosystem across industries, and I will be glad to leverage my experience to enhance the reach further,” said Singh, who added that he was delighted to join the CredAble team.

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