Chinese fintech giant WeCash ropes in Daman Soni & Nitin Agarwal to strengthen India team

WeCash has laid down plans to hire more than 50 people by the end of the year to manage its India operations which it is set to start soon
Chinese fintech giant WeCash ropes in Daman Soni & Nitin Agarwal to strengthen India team Chinese financial technology giant WeCash has onboarded two top executives to strengthen its leadership team in India.

While Nitin Agarwal has joined as the chief operating officer, Daman Soni has joined as the chief marketing officer in the Chinese unicorn’s Gurugram office.

Agarwal was previously with digital non-banking finance company InCred Finance. Daman recently quit digital payment entity Mobikwik to join the Beijing-based $3-billion startup to head its marketing team.

WeCash has laid down plans to hire more than 50 people by the end of the year to manage its India operations which it is set to start soon. The company will launch a consumer lending product in partnership with banks and NBFCs.

“We are not looking at the Indian market as helicopter operations. We will be having a full-blown team here. Nitin is joining as COO, Daman has joined us as CMO and the rest of the people are coming together. I am looking at 50 people by the end of this year,” said George Zhengchun Zhi, founder of WeCash.

The company will have Jacob Chan, who is currently heading their Asia Pacific market as its chief executive officer, for India operations as well. Agarwal, who passed out of IIT Delhi, was the founding member at Brainvisa Technologies and Soni was previously heading marketing and growth at Mobikwik.

In a recent interaction with ET, WeCash said they are in advanced stages of discussions with multiple lenders to partner with them while disbursing consumer loans in India.