CardUp, a credit card enablement platform based in Singapore, has appointed Invapay founder Sid Vasili as a board member and Sandeep Krishnamani as Head of Business Development. The company has also created a new advisory committee, responsible for helping drive CardUp’s growth and expansion. These new additions bring extensive experience from the corporate payments industry, strengthening the fast-growing fintech company’s expansion into business payments.
Vasili is the founder and former CEO of Invapay, a global payments technology company recently acquired by Optal, which simplifies payments and procurement processes. Considered an industry visionary, Vasili has developed an enviable thought leadership position in the global finance industry by designing and developing innovative B2B payment and cashflow solutions for the world’s largest corporations and banks. He sits on the board of a number of global technology businesses including Ascent, Saescada and Unity.
Sandeep Krishnamani is an experienced business development and go-to market strategist, with an outstanding record of driving business revenues. He was previously Head of Partnerships at Intuit, a leading financial software company and prior to that, Head of Partnerships at Concur, a SaaS company providing travel and expense management services to businesses. Other previous roles include Head of Business Development Corporate Payments at American Express. Krishnamani holds an MBA from HEC School of Management.
Members of the new advisory committee include Stew Langille, former CMO of Mint.com and the founder of Visual.ly, and David Hirsch, a global payments specialist who previously served as Head of Corporate Development at Swedish bank Klarna.
CardUp is changing the way people manage their large recurring payments with an online service that allows any payment made by bank transfer today to be shifted to a credit card, regardless of whether the recipients accept credit cards.
Earlier in the year CardUp announced it had secured S$2.2 million (US$1.7m) in funding led by Sequoia India and SeedPlus in order to grow its payments and cash flow management offering to the SME segment.
Nicki Ramsay, Founder and CEO of CardUp commented: “We are delighted that Sid has agreed to join our board, he is a true industry veteran and his experience will be invaluable in helping us broaden our offering in the large market corporate space. With the addition of Sid, Sandeep and our advisory committee, we have a really experienced team behind us, some great momentum in the business and are well positioned to take the company to its next stage of growth.”
“I have always admired Nicki and the CardUp Team’s vision of delivering truly innovative and valuable outcomes for its customers and partners, I am honoured to be joining their Board,” said Vasili.