September 2026: FincFriends, the NBFC behind the RupeeRedee brand, has appointed Ajit Singh as its Chief Risk Officer. Singh joins at a time when the company is growing its lending book and wants experienced risk leadership in place to support that growth responsibly.
Singh has 22 years of risk management experience built across some of India’s most active consumer lending and fintech businesses. He has worked in senior roles at True Balance, Stashfin, and Home Credit India, handling credit underwriting, fraud controls, portfolio analytics, and governance across each. He holds a Master’s degree in Mathematics and Computer Applications and is a qualified Associate of LOMA from the United States.
At FincFriends, he will lead the risk function covering credit risk, operational risk, and fraud risk. He will work with business and technology teams to make sure the company’s risk controls stay current as the business scales. His experience with AI-driven risk tools and advanced analytics will also feed into how FincFriends approaches credit decisions and portfolio management going forward.
Artem Andreev, CEO, FincFriends, said, “Ajit brings exactly the kind of experience we need at this point in our growth. He has spent over two decades building and managing risk functions at organisations that operate at real scale, and he understands the practical challenges that come with lending at volume. Risk management is not just a compliance function for us, it is what allows the business to grow with confidence. We are very glad to have him leading that effort.”
Ajit Singh said, “FincFriends is at an interesting stage in its journey, and I am genuinely looking forward to being part of what comes next. The foundation is already strong, and there is a clear intent to do things the right way. My focus will be on making sure our risk frameworks are sharp, our credit decisions are data-driven, and our controls keep pace as the business grows. When risk works well, it does not slow a company down. It gives it room to move faster with confidence.”
This hire is part of FincFriends’ ongoing effort to strengthen its leadership team as it grows its presence in India’s digital lending market.
About FincFriends
FincFriends Private Limited is a non-deposit taking NBFC founded in 2017 and headquartered in Gurugram, providing unsecured loans to India’s underserved segment through a fully digital, real-time lending process.
