CoinSwitch appoints Ramesh Bafna as CFO

Crypto investing company CoinSwitch has appointed Ramesh Bafna as the chief financial officer, said a statement issued today.

With over 18 years of experience, Bafna has built a sustainable marketplace revenue model in e-commerce companies such as Myntra and Flipkart as well as led the finance workstreams at IT services major Wipro.

“CoinSwitch is fast evolving and growing every day, well on track to be India's one-stop wealth-tech platform. I am delighted Ramesh Bafna is joining us as we take the next big leap in our journey. His experience in solving problems at scale in high-growth companies will help us strengthen and expand the firm to serve the next billion people,” said Ashish Singhal, co-founder and CEO, CoinSwitch.

“I have been following the fintech space for years and am fascinated by the potential it holds for India. I am delighted to join the company and contribute to our mission to ‘make money equal for all’ in a sustainable, profitable way,” said Bafna.

The firm was founded in 2017 by Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari, and is backed by blue-chip investors including Andreessen Horowitz (a16z), Tiger Global, Sequoia Capital, Ribbit Capital, Paradigm, and Coinbase Ventures.

The crypto unicorn has been strengthening its management team with leadership appointments including Ashish Chandra (general counsel), Jayram Krishnan (vice-president, product), Nishant Das (global head of talent acquisition), R. Venkatesh (senior vice-president, public policy), and Zeeshan Ramlan (director and head of HR).