Razorpay, an online payments platform, has brought on board MasterCard’s Arif Khan as its Chief Innovation Officer. In his new role, Arif Khan will be responsible for managing the innovation process within the organisation.
He will be responsible for building strategies and identifying new business opportunities. He is also expected to work closely with various banking and financial institutions to develop new technical capabilities.
Commenting on this new hire, Harshil Mathur, co-founder of the company, said,
Fintech in India has shown how disruptive innovation can spearhead the market towards efficiency and growth. We will work with Arif to towards creating valuable and differentiated products in the payments space.
Before joining the Bengaluru-based fintech company, Arif Khan was a senior business leader at Master-Card. Prior to MasterCard, he was a senior vice president at HDFC.
This marks the company’s second major appointment in just one month. Earlier this month, Razorpay had appointed former Ola executive Amit Saini as VP of Engineering. He now oversees the technology growth at the company.
Razorpay was founded in 2013 by Shashank Kumar and Harshil Mathur. It provides an easy to integrate payment gateway solution that blends seamlessly with a website, avoiding visitors from ever leaving the website throughout the process.
Till now, the company has raised over $11.6 million in over three rounds of funding from 23 investors, including Matrix Partners India, GMO Venture Partners, MasterCard, and a group of angel investors.