Spice Money elevates Sanjeev Kumar and Rajneesh Arora as Co-Founders

Rural FinTech Spice Money has elevated Sanjeev Kumar from his earlier role of CEO to Co-founder and CEO. It has also elevated Rajneesh Arora, previously Chief Innovation and Strategy Officer, as Co-founder and Chief Product and Strategy Officer.

Kumar will drive the company’s strategic business plan that spells growth for both Spice Money and Travel Union. While Arora will work closely with the Product and Strategy teams to deliver world-class experiences to Spice Money’s partners and end-users.

The elevation has been done to strengthen its leadership team in order to achieve the goal of becoming the country’s largest rural fintech player. Both of them will be supported by a strong team of next-in-line leaders with expertise in different verticals. This fortified leadership team will fuel the next round of growth for Spice Money by furthering digital and technological innovation.

Dilip Modi, Founder, Spice Money, said, “Spice Money is all set to move to newer heights of digital and technological transformations. This needs high momentum and laser sharp focus, which will be led by our new and thoughtful leadership. I founded Spice Money with a vision to digitally and financially empower rural India. I am grateful to have found partners in our senior leaders at Spice Money, who understand and share this vision. We want to encourage an entrepreneurial culture through this co-founder approach and I am confident that our momentum will be continued and in fact, accelerated. All of Spice Money’s teams will work towards implementing the right strategies, plans, structures and people in place to successfully achieve our aspiration to become the largest rural fintech company in India.”

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