Credible Leading Working Capital FinTech Platform Appoints Ranjit Singh as Executive Vice President and Chief Credit Officer

“Given the ever-changing requirements of MSMEs, Ranjit’s role is to ensure that the credit and risk framework will allow CredAble to create financial inclusion in real time. He will lead this initiative by designing innovative and flexible credit models that are transactional in nature as opposed to the traditional balance sheet approach, thus creating real impact for the underserved MSME sector.

CredAble – a leading FinTech which is India’s largest working capital platform announced the appointment of Mr. Ranjit Singh as Executive Vice President and Head of Credit. Mr. Ranjit has extensive and diverse experience spanning over two decades in business banking, credit ratings, insurance and IT. Its specialization will therefore help CredAble to adapt to a larger ecosystem.

At CredAble, Mr. Ranjit will head the Credit and Risk Management function. He looks forward to the opportunity to leverage technology and data to develop a robust and agile credit risk management framework. Delighted to nominate Mr. Ranjit for this role, Mr. Ram Kewalramani, Co-Founder and Managing Director of CredAble said: “Given the ever-changing demands of MSMEs, Ranjit’s role is to ensure that the framework of credit and risk will enable CredAble to create financial inclusion in real time. He will lead this initiative by designing innovative and flexible credit models that are transactional in nature as opposed to the traditional balance sheet approach, thus creating real impact for the underserved MSME sector.

Mr. Ranjit is passionate about credit risk management and financial structuring. He was Corporate Banker for 13 years at Rabobank and Standard Chartered Bank. Ecstatic about starting his new term, Mr. Ranjit Singh, Executive Vice President and Head of Credit, CredAble said: “During the pandemic, I saw a sharp escalation in the financing needs of large and small businesses. to survive. And, companies grow by leveraging current assets to increase working capital debt, but this oxygen is denied to SMEs, because traditional financing prefers the comfort zone of large balance sheets or fixed asset hedges. A credit paradigm that breaks this model by tracking cash flow has long been talked about, but is only now taking shape. Today, the imaginative use of technology and data can fulfill this promise by providing credit to SMEs. With its innovative solutions, CredAble ensures the liquidity of the supply chain ecosystem across all industries and I will be happy to use my experience to further extend the reach.

As a banker, Mr. Ranjit has held senior positions in bank coverage and credit analysis. He has worked with clients from various industries and scales, including mid-sized companies led by developers, diverse conglomerates and multinationals. He has led cross-functional teams to design and execute financial solutions spanning the lending, trading, commodities and forex markets. Before the bank, he worked with Crisil, ICICI Lombard, QAI India and TCS.

Mr. Ranjit is an alumnus of FMS, Delhi & Delhi College of Engineering. Besides his passion for credit risk management and financial restructuring, he is an avid reader and cricket junkie. Passionate about ornithology, he also enjoys observing bird species.

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