Reliance Jio’s Praveen Boda Joins Innoviti as Vice President – Finance & Legal
22 December 2017
- Praveen Boda joins Innoviti Payment Solutions as Vice President – Finance & Legal. A Chartered Accountant & Cost Accountant with over 15 years of corporate experience, Praveen till recently was AVP – Finance at Reliance Jio Infocomm.
- The new appointment is in line with the scaling up of Innvoiti’s business operations post its latest fund raise of US$ 18 million in a Series B funding round led by the Singapore-based SBI FMO Emerging Asia Financial Sector Fund (the ‘SBI-FMO Fund’ jointly setup by SBI Holdings Group of Japan and FMO of Netherlands), Bessemer Venture Partners and existing investor Catamaran.
- Currently, Innoviti’s uniPAY NEXT payments platform processes over US$3 billion of annual transaction volume through over 50,000+ POS terminals across India. Innoviti’s volume/terminal is 2x of national average, indicative of the superior acceptance of the platform.
- Using predictive algorithms for improving reliability in payment transactions, the company has today increased transaction reliability to upwards of 96% where the industry average stands at 82%.
Leading payments solution provider, Bangalore-based Innoviti Payment Solutions, today announced the appointment of Mr. Praveen Boda, erstwhile AVP Finance at Reliance Jio Infocomm as its new Vice President – Finance & Legal. The appointment is part of Innoviti’s aggressive growth plans post its recent US$18 million Series B fund raise in July 2017.
A Chartered Accountant & Cost Accountant by profession, Praveen brings with him over fifteen years of rich Corporate Finance experience post successful stints with blue-chip companies like NVIDIA Graphics, Microsoft & Qualcomm.
Speaking on the appointment, Mr. Rajeev Agrawal, MD & CEO, Innoviti Payment Solutions said, “We are delighted to welcome Praveen on board as our Vice President – Finance & Legal. His deep knowledge in Strategic Planning, Corporate Finance and strong financial oversight make him a great addition to our leadership team as we scale up our business lines.”
“Joining Innoviti, a company with ambitious vision, aggressive growth plans and a clear strategy at a time when the company is growing exponentially is exciting. I look forward to working with Innoviti’s highly experienced team and participate in driving the next phase of the company’s growth,” said Mr. Praveen Boda.
About Innoviti Payment Solutions Pvt. Ltd:
For more information, please visit – http://www.innoviti.com