
Pine Lab's Setu Appoints Anand Raisinghani As CEO
CIOTechOutlook Team | Monday, 22 April 2024, 11:16 IST

Raisinghani, who takes over for Sahil Kini, will collaborate closely with co-founder Nikhil Kumar to lead the fintech company into its next growth phase. This phase will focus on open banking, account aggregation, API platforms, embedded finance, and data gateway.
Raisinghani held the positions of vice president (VP) and head—professional services, BFSI, telecom, and media at SAP India prior to joining Setu. With more than two decades of experience, Anand has worked with global technology companies such as Equifax, IBM, and Wipro.
“I am excited for the opportunity to lead Setu into its next growth phase. The incredible team at Setu, led by Nikhil, have built a powerful API fintech focussed on driving successful customer outcomes. Setu’s strong execution ability to offer innovative solutions that keep pace with the rapid evolution within the industry bodes well for us,” Raisinghani said.
Setu is an application programming interface (API) infrastructure provider formed in 2018 by Sahil Kini and Kumar. It provides services for bill payments, savings, credit, and payments. The Bengaluru-based company collaborates closely with banks, insurance companies, lending institutions, AMCs, and other financial institutions for financial architecture integrations. In 2022, Pine Labs, a payments service provider, purchased the company for approximately $70 million.
CIO Viewpoint
Why Foolproof Facial Recognition Is Key Against...
By Joseph Sudheer Thumma, Global CEO & MD, Magellanic Cloud
National Technology Day 2025: Powering Progress...
By CIOTech Outlook Team
Aligning IT Roadmap with Business Objectives: A...