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30 January 2018

MatchMove Appoints Kumar Srinivasan to Accelerate its Expansion

Key Executive Appointment to Focus on India Market Growth and Global Products and Technologies

Singapore and Bangalore, 30 January 2018 – MatchMove, one of Asia’s fastest growing and leading fintech companies, today announced the appointment of Mr Kumar Srinivasan as CEO of MatchMove India. Kumar is a veteran of driving innovations and developing new technologies and products with almost 20 years of experience in the United States, India and Southeast Asia. Prior to joining MatchMove, Kumar was the Chief Operating Officer at Hike, an India-focused mobile messaging service, where he led the company’s overall business operations as well as its growth strategies.

In one of his earlier roles, Kumar served as the VP & General Manager of Flexible Payments Services at where he successfully launched and grew Amazon Web Services’ payments business. While based in the United States, he also held other leadership positions at notable companies including Travelocity, and Wal-Mart Inc.

Based in MatchMove’s Bangalore office, Kumar will play a vital role in accelerating the company’s expansion in India to capitalize on the country’s fast-growing digital payments scene. Kumar will also join the C-Level team in MatchMove’s Headquarters in Singapore and lead the Global Product and Technology Division, as MatchMove transits to a best-in-class product and platform-driven company servicing more than 100 current and potential enterprise customers across India, Southeast Asia, Australia and Latin America.

Shailesh Naik, Founder and CEO MatchMove said, “We are delighted to welcome Kumar on board, as having someone of his caliber further underlines our ambitions to rapidly expand our business and scale up our operations so as to meet the urgent needs of the huge uncarded population that wants access to bank-grade mobile payments, while also addressing the demands of established corporate customers that want a better solution for payroll as well as loan and expense disbursements. We are certain that with his global experience and deep understanding of technologies and payments landscape, Kumar will contribute significantly in positioning MatchMove as the leader in India’s mobile payments scene as well as driving our product development for global markets. He has a proven track record in driving innovations, developing new technologies and managing product developments with the mindset of a businessman and an end user. Exactly who we need at this stage of our evolution into a global fintech leader.”

Commenting on his new role, Kumar Srinivasan, CEO of MatchMove India said, “It is an opportune moment for me to join MatchMove and contribute as a leader in this hot space, especially as we at MatchMove have our own unique, unrivalled and proven positioning in the B2B2C space within the mobile payments ecosystem. I am extremely excited about the immense opportunities where many businesses, particularly those in the e-commerce, retail, microfinancing, online lending, logistics and payout disbursement space, are reaching out to us. They know that our solutions can help them to build brand awareness, monetize their customer database, create additional revenue streams and reduce business costs and risks as they ride this wave of the digital economy.”

About MatchMove

MatchMove enables companies to offer a fully branded secure mobile wallet solution, increasing revenue and user engagement. A member of the Mastercard network, MatchMove proprietary Wallet OS™ is built with the vision of strengthening financial inclusion through enabling its Spend, Send, Lend™ capabilities across developed and developing markets. The MatchMove Wallet OS™ includes services such as Payment Cards, Cross-Border Money Transfers, and Credit Scoring.

MatchMove has been recognized internationally with awards including ‘10 Fastest Growing Banking Solution Provider 2017’ by Insights Success, ‘20 Most Admired Tech Leaders in Business 2017’ by Insights Success, ‘Most Promising Solutions Provider, Banking and Software 2016’ by APAC CIO Outlook, ‘Most Innovative Financial Technology Provider in Singapore’ at Global Business Outlook Awards 2016, ‘Top FinTech Disruptor’ at FST / ASEAN Future of Banking, Singapore in 2015, ‘Top Global Innovator 2014’ in the Global FinTech Competition, ‘Singapore’s Fastest Growing Technology Company 2013’ in the Deloitte Technology Fast 500 Asia Pacific, ‘Global Top Innovator’ at SIBOS Innotribe Boston Award 2014, ‘Company Most Likely to Grow to Represent SE Asia’ at CyberAgent Japan Award 2014, and ‘Top Innovator in European Finals’ at SWIFT Innotribe London Award 2014.

MatchMove is headquartered in Singapore with offices in Vietnam, Indonesia, India, Philippines, and the USA, and opening new offices in South Africa and Dubai to support its global growth.

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Alicia Neo