CredoLab Boosts Executive Team With New Global Head of Sales, Tarun Kumar Kalra

This key executive hire is part of the alternative credit scoring fintech company's efforts to bring creditworthiness to the global underbanked population

SINGAPORE,Oct. 2,2018 --CredoLab,the leading SaaS-based alternative credit scoring fintech provider based out of Singapore,announced the hiring of Tarun Kumar Kalra to their executive leadership team. Tarun Kumar Kalra joins as senior vice president and head of global sales and will be based at the company's global HQ in Singapore. The former Cisco executive will be responsible for deepening client engagements in the Asia Pacific region and leading CredoLab's global expansion and market reach.

Tarun joins CredoLab from Cisco where he was leading the Software go-to-market for Partners across the Asia Pacific and Japan region. Tarun has previously held sales leadership roles in leading IT organisations,including Infosys,HCL Technologies,Mphasis,and Nucleus Software. The London School of Economics alumnus has over 19 years of experience in expanding businesses and helping enterprises innovate and disrupt in the digital marketplace.

On his latest appointment,Kalra said,"I am excited to be part of CredoLab,a fintech company with solutions that are uniquely positioned at the intersection of data analytics,artificial intelligence,and digitisation. The opportunities ahead of us are tremendous as we look to digitise the financial services lending marketplace and strengthen the risk and credit framework for banks and financial institutions while driving greater financial inclusion for the underbanked and unbanked."

"My immediate focus would be on expanding our direct sales and channel reach to India,China,the Middle East,Latin America,and Africa,with a deep emphasis on profitable customer acquisition as we execute our market expansion strategy," Kalra added.

CredoLab,the fintech company that aims at empowering the underbanked and unbanked with creditworthiness,is investing hugely in expanding its team and business after its latest funding from established global venture capital firm Walden International.

Peter Barcak,CredoLab co-founder and chief executive officer,commented,"We are immensely delighted to have Tarun onboard. He brings with him not only years of experience in scaling businesses but also a strategic mindset on how the rapidly evolving technology landscape can help banks and other financial institutions improve their services."

Commenting on CredoLab's plans for the rest of the year,Barcak said,"CredoLab is at a great momentum with all our numbers; we have provided over half a million scorecards to more than 40 lenders across 12 countries worldwide. We are optimistic that we can reach more clients as we continue to scale our presence internationally."

Established in 2016,CredoLab is backed by regional fintech venture capital firm Fintonia Group,and FORUM,the largest fintech venture builder in Emerging Asia,in addition to Walden International.

About CredoLab

CredoLab is the pay-per-use digital credit scoring solution aimed at enabling financial institutions to reach the financially underserved. CredoLab's proprietary technology,CredoScore,turns customers' smartphone footprints into highly predictive scorecards through an AI-backed algorithm,decreasing the time-to-yes and simplifying the credit application process for financial institutions. Headquartered in Singapore,CredLab has helped over 40 lenders across 12 markets across Southeast Asia,Africa,Latin America and the Commonwealth of Independent States issue more than half a million scorecards based on over 3.4 million datasets. Established in 2016,FORUM,the largest fintech venture builder focused on Asian emerging markets,and Walden International.

About FORUM

FORUM is the largest fintech venture builder in the Asian emerging markets. FORUM identifies unique opportunities and builds market-leading fintech companies with seasoned CEOs/co-founders. FORUM's deep expertise in retail financial services enables a hands-on approach,providing its ventures not only seed capital but also ideation,strategic & financial planning,fundraising,recruitment,and communications. FORUM and its companies currently provide employment to over 600 people and serve more than 4 million B2C and 70 B2B clients across 18 countries. Founded in 2015,FORUM is headquartered in Singapore.

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