Mcapital working as the lending arm of Mswipe, appointed Rohit Agrawal as Chief Executive Officer. Rohit in this role, will expand Mswipe’s core payments business by building a strong merchant financing and small loans buisness niches through Mcapital. He will also look after the adaptation of innovative technology in creating new credit products for SMEs.

Rohit, a CA by profession, joined Kotak Mahindra Bank in 2006 and has worn many roles including working for the bank’s mid market business and heading its e-commerce and new-age business.

Commenting on the occasion, Mswipe CEO Ketan Patel said, "We are delighted to welcome Rohit, whose vast experience in the lending business will accelerate our ongoing efforts to provide small merchants with quick and easy access to formal credit. I look forward to working with him in developing cost-effective and consumer friendly solutions for small merchants and expanding our lending business. Rohit's understanding of

the industry will be invaluable for the growth of our company and its vision of transforming into a digital SME bank".

I am excited on my appointment as ceo of mcapital and i look forward to building a sizeable, profitable and risk-efficient lending business

Therefore, Rohit's appointment is an important step towards strengthening the core leadership team at Mswipe.

Speaking about his appointment, Rohit said, "I am excited on my appointment as CEO of Mcapital and I look forward to building a sizeable, profitable and risk-efficient lending business. Together, we are committed to strengthening the merchant ecosystem in India and making SMEs our preferred partners".

So, Mswipe aspires to target the highly underserved SME segment along with access to formal credit via Mcapital.