Fairmoney, a leading credit-led neobank offering a range of financial services across Nigeria and India, on Monday announced the addition of Rohan Khara to its senior leadership team as Chief Product Officer (CPO).
Founded in Paris in 2017 and backed by international investors including DST & Flourish Ventures, FairMoney has offered financial services to close to 1 million underbanked people in Nigeria and India, according to company data. The firm aims to maintain its growth pace and reach 5 million users by 2022.
“Rohan brings a wealth of startup development and growth experience to the company, having spent over a decade, leading product innovation in large emerging markets. He brings extensive and diverse expertise to Fairmoney’s leadership team,” the company said in a press statement.
He joins Fairmoney from Gojek, where he developed their PayLater product from scratch, and built cross-cultural and cross-geographical product management, product research, and product design teams. He has also previously held senior roles at Microsoft, Quikr, and MobiKwik and holds an MS in Management Science and Engineering from Stanford University.
“FairMoney is delighted to welcome Rohan on board the rocketship. Rohan comes with a wealth of experience in building mobile consumer products in large emerging markets, and he will help us in achieving our mission to transform the financial services sector in Nigeria,” says Laurin Hainy, Fairmoney CEO.
As CPO, Rohan will work on deepening Fairmoney’s offerings, ensuring that the company continues to build richer, more impactful, and customised mobile-first financial products in Nigeria, India, and beyond. His combination of technical aptitude and product expertise will inform Fairmoney product development, investment, and engagement with users as the company pursues expansion, the company said.
“I am very excited to take on this new challenge to ensure that Fairmoney builds a robust suite of financial services products for those who need it the most in Nigeria, which will be my 3rd emerging market after India and Indonesia,” says Rohan. “The beauty of emerging markets is that there is no cookie-cutter approach to solving problems and each market has its own spirit and nuances. This is important to keep at the back of our minds as we focus on pushing the envelope in Nigeria and India.’’