FINTECH Dltledgers Appoints Sanjeev Chatrath As New Chief Revenue Officer

Posted September 27, 2021 by EmerioBanque

Dltledgers has appointed Sanjeev Chatrath as the new Chief Revenue Officer with significant experience in Financial Services across Asia-Pacific. Read the full news.
As per the latest news, Sanjeev Chatrath has been appointed as the new Chief Revenue officer by the leading hyper development Fintech in trade and supply chain finance Dltledgers with more than 25 years of experience in Financial Services, Data, and Information Technology Industries, operating across Asia-Pacific and the MENA areas. Based out of the organization’s Singapore headquarters, the new joining will concentrate on building further product release and GTM across its 5 areas and execute on its arranged geo venture into Europe. 

Sanjeev has experience in handling various senior leadership positions with multi-national organizations including Citigroup, Standard Chartered Bank, Thomson Reuters, and IBM, and also possess a sound track record of building and driving different, high-performing groups while facilitating the latest solutions for many globally-recognized Banks, Corporations and Non-Bank Financial Institutions. He is one of the top experts in the finance industry and this results in increasing numbers adopting leadership responsibilities in Fintechs. 

The Dltledgers blockchain platform is an initiative in trade and supply chain finance digitization with its membership-based “plug-and-play” solution, having executed over S$4 billion worth of trade finance activities, consisting of more than 400+ subscribed clients, 45 banks, and 4500+ ecosystem and network associates. The organization raised its series A at the beginning of 2021 from worldwide VCs and is on its way for a pre-series B raise in Q4 this year. 

Overall, the Fintech organizations in Singapore raised more than $1bn in the initial six months of 2021 across 97 arrangements and the venture is on its target to outperform the funding amount witnessed before the pandemic. Singapore has been on an upward direction with the yearly funding development rate increasing above 47%. For the first half of 2021, the Singapore FinTech organizations witnessed 97 arrangements, in place of 89 arrangements that were raised for the whole year of 2019. In 2021, 62 arrangements were beneath $50m out of the 66 arrangements. The comparison of these arrangements from 2019 and H1 2021 says that there is a perceptible pattern that more investors this year are seeking to invest lower levels of funding contrasted with the hunger for that sort of transaction in 2019. 

This accelerated funding in Singapore fintech startups also highlights the increasing financial incorporation in Southeast Asia, with more participants considering the digital finance system to fulfill the enormous underbanked and unbanked populace. In the first quarter of 2021, the Fintech financial assistance in Asia-Pacific increased up to US$5.56 billion, more than double the similar period last year. The figure puts the year 2021 well on target to outperform pre-COVID-19 levels during which Fintech in APAC raised an aggregate of US$9.3 billion in 2019, as per the new report by S&P Global Market Intelligence. 

Dltledgers had a completely subscribed Series A funding with an aggregate of US$7 M. In the 2021 end, sponsored by 2021 income development on the north of 150% YoY, new product introduction, and volume development, the company is raising its Pre Series B Funding.

Apart from the existing platform, the organization has also developed its platform into Corda, R3’s flagship enterprise blockchain platform, allowing organizations in trade finance to smooth out business activities, keep up with interoperability while decreasing transaction and record-keeping expenses.

In recent months, Dltledgers has developed rapidly with various worldwide and area bankers in senior jobs, who have been recruited to assist with growth engine, client-first system, and advancement. The organization’s longer-term agenda is to use its enormous data to build a more complex structure for overseeing risk and liquidity within global trade & supply chain finance. Sanjeev joins in at the perfect time, where there are many measures across the globe. 

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Commenting on the appointment, he said, “I am amped up for the enormous capability of Dltledgers to resolve long-standing sectoral issues by using its distributed computing platform, and AI-based cognitive solutions to allow digitization of trade & supply chain financing. I am willing to operate with banks and corporations on the global level to accelerate a more feasible future for everyone while boosting their customer experience, financial stability, operational capacity, and risk management. I expect to spearhead the anticipated series B round of venture with the strategies for a global development into Europe and North America and be a part of this hyper development.”

According to Farooq Siddiqi, CEO, “Sanjeev is a valuable addition to our leadership group. The Covid-19 pandemic has compelled digitization in every sector, including global trade, which remains impeded by inefficient paper-intensive processes. In the first quarter of 2021, Dltledgers have introduced SmartFin which provides services to SMEs, aside from its center business in Corporates, banks, ports, carriers, and logistic frameworks. It's an interesting time and we require more senior FSI leaders to join Fintechs in our development phase. I am amped up and with our new CRO, he will aid our plan for 200% YoY in 2022.”

The inter-enterprise blockchain technology of the organization allows firms to catch multi-party transactions in a most secure framework. Clients develop smart contracts on the fly, confirm and share contacts, trade information, and documents associated with physical commodity cargoes, and aids the speedy and correct validation, compromise, and coordination of the data traded between trading parties. This served as an end-to-end one-stop trade finance digitization framework for banks, corporates, carriers, ports, and all of the logistics supply chain.

Farooq Siddiqi, CEO said, “With our forthcoming Dltledgers 2.0 platform release in November 2021, our clients will be able to join their networks effortlessly and run end-to-end trade digitization with networks across our 4500+ business associates. This will be a significant moment for the industry.”

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Issued By Emerio Banque
Country United Kingdom
Categories Banking , Finance , Services
Tags emerio banque , financial services , sanjeev chatrath , supply chain financing
Last Updated September 27, 2021