PayU’s global CFO Aakash Moondhra steps down
Aakash Moondhra, global chief financial officer of Prosus-owned PayU, on Thursday said he has resigned from the payments firm, but will stay in post till September 30.
Moondhra, who took to professional networking website, LinkedIn to share the news of his departure from the global fintech firm, called it the ‘end of an era’.
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Offering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in Data ScienceVisitIndian School of BusinessISB Digital TransformationVisitIndian School of BusinessISB Applied Business AnalyticsVisitIndian School of BusinessISB Professional Certificate in Digital MarketingVisit“September 30, 2023 will be my last day at PayU/Prosus Fintech in the capacity of global CFO. It has been an extremely enriching and a gratifying journey … The business grew almost 20x (twenty-fold) in volumes crossing $100 billion in transaction volume processed, approximately 10X (ten-fold) in revenues crossing a billion dollars in and profitable,” said Moondhra in his LinkedIn post.
ET first reported on August 25 that following Prosus-owned PayU’s sale ofits global operations, its global chief executive Laurent Le Moal and CFO are moving out of the organisation.
Besides Le Moal and Moondhra in India, Prashanth Ranganathan, chief executive of PayU Credit, who joined the company after his consumer lending startup PaySense was acquired in 2020, was also leaving the organisation, ET had reported then.
In August, Prosus sold PayU’s so-called Global Payments Organisation (GPO), to Israel’s Rapyd for $610 million, to focus only on operations in India, Turkey and Southeast Asia.
PayU’s global business included its operations across geographies such as Latin America,
