Bengaluru, 28 September 2024: Propelld, a fintech leader in education lending in India, has appointed Manoj Shetty as Chief Business Officer (CBO) to achieve its business goal in the study abroad market.

With over 25 years of experience across various roles in the financial services industry, Shetty is expected to propel the business forward, particularly in the study abroad segment, which has witnessed a remarkable evolution, particularly among the Indian middle class residing in Tier 2 and Tier 3 cities.

“Shetty’s expertise in financial segment and study abroad market will be invaluable to Propelld as we aim to streamline and enhance our growth initiatives to achieve our fiscal objectives,” said Brijesh Samantaray, Co-Founder, Propelld.

“I am excited to be working with India’s largest and fastest growing digital education provider. Propelld has already made a name for itself in the domestic loan sector by offering value for the students and parents and working with reliable partners across Tier 2 and Tier 3 cities. Now, it is time to look at other growing avenues in the education lending sector,” said Manoj Shetty, CBO, Propelld.

Propelld has already witnessed phenomenal growth over the years. Founded in 2019 by the dynamic trio of Bibhu Prasad Das, Victor Senapaty and Brijesh Samantaray, Propelld was the first to introduce innovative education loan financing solutions such as Study Now and Pay Later products as well as Income Sharing Agreements. The company has a first-mover advantage in the education loan segment and has gone beyond traditional credit assessment techniques to launch collateral-free education financing. With a 2,000+ strong partner network, this Series-B funded fintech company is firmly on an accelerated growth path, one that is focused on organic expansion and building upon positive student testimonials.