Manish Khera

Manish Khera is an Indian banker and entrepreneur. He worked at ICICI Bank from 1993 to 2005 before founding FINO Pay-tech in 2006.
Khera invested in YTS Solutions, a company providing financial services for individuals without access to formal banking in India. In 2014, he applied to the Reserve Bank of India (RBI) for a small finance bank license. In 2015, he was appointed CEO of Airtel Money Services Limited, which was later renamed Airtel Money.
In 2011, Khera was named a Young Global Leader by the The World Economic Forum.
Khera is the founder and Chief Executive Officer of the Financial Inclusion Network and Operations (FINO) Pay-tech. The The World Economic Forum awarded FINO a Technology Pioneer Award in 2011.
Education
Khera holds a degree in Electrical Engineer from Delhi College of Engineering (now the Delhi Technological University), a Master's Degree in Business Administration (Finance) from the Faculty of Management Studies, University of Delhi, and an M.Phil. in Environment and Development from the University of Cambridge in the U.K.. He was also a scholar of the Department for International Development (DFID) at the University of Delhi.
Career
Years with ICICI Bank (1993-2006)
In 2004, after gaining experience in corporate and structured lending, transaction banking, and banking technology, Manish established the Alternate Channels Group (ACG) within ICICI Bank to provide banking services to those underserved in India. The objective of ACG was to find unconventional channels to offer banking services to those categorized as .
During this period, he also collaborated with the RBI (RBI) and Khan Committee to develop the Business Correspondent guidelines, which provided recommendations for this financial inclusion initiative in India.
At the Alternate Channels Group, Khera designed a system that utilized biometric, paperless technology, and minimal physical infrastructure to reach the unserved and underbanked population in India. This work contributed to the foundation for Financial Information Network and Operations Ltd. (FINO), later renamed FINO Paytech.
Years with FINO Paytech Limited (2005-2013)
FINO Paytech Ltd. was founded in 2006 by Manish Khera, who served as Chief Executive Officer and Managing Director.
Manish Khera applied for a Small Finance Bank license under RBI guidelines along with 72 other applicants, though his application was unsuccessful.
Years with Happy and ArthImpact (2017 - Present)
After his tenure at Airtel Money, Manish Khera founded ArthImpact in December 2016. This platform was designed to provide digital financial services to underserved communities, focusing on offering microloans and financial products to small businesses, particularly in rural areas.
In 2017, Khera also established Happy, a digital lending platform focused on providing microloans to small businesses. The platform utilized artificial intelligence and data analytics for credit assessment. Happy aimed to improve access to credit for underserved segments through technology-driven lending. Khera’s experience in digital banking contributed to the platform’s approach to alternative credit assessment.
Khera's work through ArthImpact and Happy aimed to address the gap in financial services for individuals and businesses excluded from traditional banking systems.
Awards and recognition
Khera has been cited as a figure in the financial inclusion and micro-finance sector in India.
He was named a "Young Global Leader of 2011" by the World Economic Forum.
Khera was also recognized by E&Y as the "Entrepreneur of the Year 2011" and was awarded the Forbes India Leadership Award 2012 for "Outstanding Start-Up".

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