Hemant Kaul joins Ola Financial Services’ Board of Directors

Hemant Kaul has previously ed financial services teams Axis Bank, Bajaj Allianz General Insurance as well as worked as an independent consultant.

Ola has announced the appointment of Hemant Kaul to the Board of Directors of its Financial Services arm, Ola Financial Services (OlaMoney). A veteran in the Indian financial services space, he was instrumental in setting up the retail banking function at UTI Bank/Axis Bank. Until 2009, he was an Executive Director at Axis Bank. Thereafter, he was the MD & CEO of Bajaj Allianz General Insurance until 2012. Since 2012, he has been an independent management consultant, advising various businesses across banking, financial services and private equity. Speaking on his appointment to the board of Ola Financial Services, Hemant Kaul said, “OlaMoney has made significant strides from pioneering seamless payment solutions for mobility to offering a range of financial services solutions for its consumers and driver-partners, accelerating digital and financial inclusion at large. There is a huge opportunity to create simple yet cutting-edge financial services and products in a young and fast-growing market like India, which is still underserved at many levels.”

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Bhavish Aggarwal, Co-founder & CEO, Ola said, “Financial and Digital Inclusion will prove to be key accelerators for development in a fast-growing economy like India. Hemant’s mentorship and guidance will help us in this journey to build meaningful financial solutions for a billion people.” Ola Financial Services offers financial solutions ranging from the OlaMoney wallet to Postpaid services and Micro-insurance for rides taken on the platform to a one-of-a-kind health insurance solution.  

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