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India’s 100th Unicorn, Open Appoints Vijay Sriram as the VP of Engineering Facilitated by Purple Quarter

By May 31, 2022May 31st, 2023No Comments
tech leaders UAE

BANGALORE, IndiaMay 31, 2022 /PRNewswire/ — Open Financial Technologies Pvt. Ltd. has appointed Ex-Amazon Techie Vijay Sriram as the Vice President of Engineering. Bespoke CTO Search firm Purple Quarter was the preferred partner for Open’s Tech Leadership Search.

Bangalore-headquartered Open Financial Technologies Pvt. Ltd., is committed to delivering a truly seamless business banking experience by focusing on providing neo-banking services to SMEs and startups. With time, the company has become an end-to-end digital FinTech service provider. To further enhance its existing tech vertices, increase scalability and develop new products and offerings, Open sought an ideal tech leader for the team and the organization at large and partnered with Purple Quarter to find the right fit.

“Vijay’s appointment comes at an opportune time. As Open continues to move forward, I am confident that Vijay’s in-depth knowledge, domain expertise and driven ideas will support us in achieving our tech goals and help us scale in the next phase of growth. Purple Quarter has been a great partner in helping us find the right talent,” said Ajeesh Achuthan, Co-founder & CTO, Open Financial Technologies Pvt. Ltd.

“Open’s ambitions to become the go-to neo-banking service provider for startups and SMEs in India is highly commendable. I would like to thank Anish, Ajeesh, and the Open management for trusting Purple Quarter; it has been a pleasure to work together in strengthening Open’s tech team. We recognize the crucial role of a technology leader in a tech-first company like Open. I wish Vijay and the Open team continued success!” shared Roopa Kumar, CEO & Founder, Purple Quarter.

In keeping with Open’s aggressive growth and the need for a suitable tech head to carry on the momentum, Purple Quarter along with team Open devised a custom approach to map for the technology mandate. Vijay with his extensive experience in various domains on the Product and Consumer Business side across FinTech, Machine Learning Systems and Databases fit the bill. Prior to his current role, Vijay was leading the Core Payment Instruments and Processing for Amazon Pay. With over 18+ years of experience, Vijay Sriram has in his previous stints also worked with big companies such as Oracle and HP.

On his appointment, Vijay Sriram shared, “I am thrilled to be a part of the dynamic team at Open. As the VP of Engineering, I will be working towards aligning technologies with Open’s overall business goals and building and scaling up the existing Tech team and infrastructure as Open expands into new product verticals. A big thank you to the Purple Quarter team for their end-to-end assistance throughout the process. I had a great time working with the team.”

Purple Quarters unmatched tech network, extensive talent pool, and comprehensive end-to-end search process have been instrumental in securing multiple key tech heads for the likes of Licious, PharmEasy, Upstox, Urban Company, Vedantu, ACKO, Pratilipi, Rupeek and more.

About Purple Quarter

Purple Quarter is a Bespoke CTO Search firm based out of Bangalore. In just five years, it has mapped out over 10,000+ tech leaders across the globe. With a singular approach, Purple Quarter offers detailed insight into the Tech Leadership hiring space for startups and corporates. The diverse clientele of companies such as Walmart, Swiggy, RBIH, Inmobi, ACKO, PharmEasy, Browserstack, Urban Company, hike, Clari, and many more, reflect Purple Quarter‘s unmatched position.

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About Open Financial Technologies Pvt. Ltd

Founded in 2017, Open offers a neo-banking platform that integrates all the tools used by small businesses and integrates it with the business current account. Today the platform powers more than 2.3 million SMEs and processes over USD 30 billion in annualized transactions. The platform also adds over 100,000 SMEs every month, making it the fastest-growing SME-focused neo-banking platform globally. Open recently launched embedded finance platform Zwitch that enables fintech and non-fintech companies to launch digital banking services, and BankingStack, a financial OS for financial institutions to launch innovative digital banking solutions. In December 2021, Open acquired consumer neo-banking platform Finin. Open raised its Series C funding 5 months back in October 2021 and has doubled its valuation with the current round.

Open is backed by leading global investors like IIFL, Temasek, Google, Visa, Tiger Global, Beenext, Recruit Strategic Partners, 3one4 Capital, Speedinvest, Tanglin Venture Partner Advisors, Angellist, Unicorn India Ventures, to name a few and has raised over USD 190 million in funding to date.