Cred's head of risk Kunal Kashyap quits, set to join Slice
Kunal Kashyap, who was heading risk at fintech unicorn Cred, has quit to join rival firm Slice, which is set to become a bank through the proposed merger with North East Small Finance Bank, said two people in the know.
“Kashyap will be leading part of the credit business within the newly-formed bank which will be officially launched after regulatory authorities clear the merger,” one of the persons said.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitMITMIT Technology Leadership and InnovationVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitOn March 12, Slice received the Competition Commission of India’s approval to merge with North East Small Finance Bank. While the central bank had given its go-ahead in 2023, the case is still pending clearance from the National Company Law Tribunal (NCLT).
Kashyap’s exit comes at a time when Cred’s credit business is emerging as a crucial source of revenue for the fintech firm as it looks for ways to monetise its user base.
Both Cred and Slice declined to comment on the development.
IIT Kharagpur alumnus Kashyap had spent over eight years at American lending firm Capital One. Between 2017 and 2020, he founded two startups: credit analytics firm TwoDotSeven and recurring payment solution startup Stepchange Technologies. He joined Cred as the head of risk in 2020.
Cred has been building out its own lending business through in-house non-banking finance
