PayU’s global CEO and CFO are likely to leave

According to a report in The Economic Times, PayU’s ownerProsus, has divested its global operations to Israeli fintech firm Rapyd, resulting in significant leadership changes. Chief Executive Laurent Le Moal and Chief Financial Officer Aakash Moondhra are among the senior figures stepping down, following the sale of various markets. This transition comes as PayU India prepares for an upcoming public offering.

Le Moal, who has guided PayU Group since 2016, oversaw its fintech, payments, and credit ventures globally. Moondhra, recognized for his roles at V-Mart and Snapdeal, played a key role in the $610 million sale of PayU’s worldwide business to Rapyd. Moreover, Prashanth Ranganathan, CEO of PayU Credit India, is set to depart to establish his own startup, taking him away from his role in driving PayU’s LazyPay service.

PayU India’s spokesperson quoted as affirming the commitment to bolstering the Indian payments and credit domain, ensuring that Anirban Mukherjee will remain at the helm.