CRED appoints B Sriram as independent director

CRED has appointed B Sriram as an independent director to its board of directors as the company scales its financial services.

As part of the board, Sriram will provide guidance and counsel for the company’s long-term strategy, growth plans, and execution roadmap, said CRED in a press release.

With over 40 years of industry experience, Sriram has worked across categories, including banking, finance, and technology.

He’s currently an independent director on the boards of ICICI Bank, National Bank for Financing Infrastructure and Development, TVS Credit Services, TVS Motor Company Ltd., TVS SCS Singapore Pte Ltd., TVS Supply Chain Solutions, Nippon Life India Asset Management and IndiaIdeas.com.

CRED’s current board member includes Kunal Shah and Sandeep Tandon.

Appointing industry veterans for mentorship has been in play for fintech startups for quite some time. In 2021, Rajnish Kumar, former State Bank of India (SBI) chairman, joined the board of fintech firm BharatPe as its Chairman.

Earlier this year, Razorpay roped in former RBI deputy governor N S Vishwanathan and ex-SBI managing director Arijit Basu to lead its newly-formed advisory board.