Debite Appoints Fintech Specialist Uma Balachandra as Head of Revenue

  • Cash management
  • 28.06.2022 10:45 am

Debite, the financing platform for early-stage companies, is today announcing the appointment of Uma Balachandra as its first Head of Revenue.

Uma most recently served as General Manager, UK & Europe at Jeeves, an all-in-one credit and expense management platform. During his time at Jeeves, Uma led the expansion of the fintech to new markets and established a local cross-functional team, while at the same time driving revenue growth through business development and partnerships. 

Before this role, Uma worked in a variety of roles across the fintech and payments space, including as VP, Strategic Partnerships at Global Processing Services, a leading card payments processing platform and in a similar position at cross-border payments service, WorldRemit. He also held senior roles at Virgin Money and NatWest Group.

Uma will be responsible for Debite’s sales, customer success, business development and partnerships, as well as identifying and implementing new revenue opportunities.

Commenting on the appointment, Tayga Baltacıoğlu, CEO at Debite said: “We are excited to welcome Uma on board who brings nearly 15 years of experience across fintech, payments and banking.

“As a highly-regarded specialist, Uma has an impressive track record of growing fintechs and rapidly building a customer base. His energy and drive will be important assets as we forge ahead on our mission to maximise the growth potential of early-stage companies.”

Uma Balachandra added: “I am delighted to be joining Debite which is redefining financing for start-ups. Working alongside its talented team of experts, I’m looking forward to contributing to its mission in this new role.”

Tackling one of the main reasons why most start-ups fail, Debite is on a mission to help early-stage companies effectively manage their cash flow through a range of innovative financing solutions. Its corporate card offers up to 20x higher credit limits than traditional banks and provides startups with built-in instalment options for up to 12 months.  

Ahead of its launch, Debite raised £2.5 million in pre-seed funding earlier this year, with backing from leading VCs and angel investors and is preparing for a further investment round in the coming months. Its founder team is led by Tayga Baltacıoğlu and co-founders former J.P. Morgan Vice President Andres Korin and Engin Attar of Bain&Co.. 

Related News