Pine Labs' Setu appoints former SAP India Executive Anand Raisinghani as its CEO

Bengaluru-based API infrastructure company, Setu has announced the appointment of Anand Raisinghani as its new CEO. Anand comes with experience in building high-performance teams.

Before joining Setu, Anand was the VP and Head of professional Services, BFSI, Telecom, and Media, at SAP India. He has more than two decades of experience and has worked for global technology companies like Equifax, IBM, and Wipro.

Anand is expected to steer Setu in its next phase of growth around the promising space of open banking, account aggregation, API platforms, embedded finance, and data gateway.

“I look forward to working closely with our customers and partners, to achieve new milestones together,” said Anand.

Setu was acquired by Pine Labs in 2022 and it has expertise in account aggregation, data gateway, identity verification, embedded finance, Open Network for Digital Commerce (ONDC), WhatsApp Business, and Bharat Bill Payment Service (BBPS). Setu performs an important role in the fintech ecosystem by powering banks, insurance companies, lending firms, AMCs, other financial institutions with cutting-edge API-driven financial architecture integrations.