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Our Story

It is well known that Financial Institutions (FI) find financing SME's profitable, but tough to scale. SME's, in turn, find institutional financing very efficient, but the toughest to access. Not surprising that research shows there are over 100 mn micro and SME's requiring over US $ 3.1 trillion in financing, not accessible from the banking channels.

Our two founders (a banker and a technologist) quickly realized FI''s could not solve the problem and scale the business either with a pure relationship driven model (employed in wealth management or corporate banking) or a technology driven process (used for retail). What the SME market needed was a strong service focus backed by an exceptionally simple technology.

As data integration was a key requirement to provide an "easy to use" service, we acquired SolutionNet, a company specializing in integrating enterprise systems deployed by corporates into the core processing systems used by FI's. We also acquired a very powerful suite of tools and products that act as a channel of communication between FI's and corporates.

We now have a rich portfolio of services and products to offer to the SME's, corporates and FI's who join our network. We not only facilitate the commercial part of the process that requires financing, but also provide the tools for paying, collecting and monitoring the financial transactions that a corporate needed to do with help of the FI. We also now can offer rich and meaningful tools to retail customers that enable financial services to be much more than account balances and transfers.

This is the genesis of Vayana and we welcome you to be part of this journey. Vayana ("weaving" in Sanskrit) is the place where enterprises and consumers connect to each other and to FI's.

Our mission will always be to create products and services that offer the simplest and quickest way for customers to access financial services from their FI's.

Board of Directors

R.N Iyer

R N Iyer was the co-founder and CEO of Cashtech solutions, which started in 1994. Cashtech has been recognized as the leading cash management vendor in Asia and is in operation with more than 30 banks and over 15 countries. Cashtech was acquired by Fundtech (a leader in global payments and US cash management) in 2004, resulting in substantial gains for all stakeholders. Prior to CashTech, Iyer worked with Accenture in their management consulting division and worked in the financial services and logistics space. Iyer has an MBA degree from IIM (Indian Institute of Management) Ahmedabad and a Bachelors degree in Engineering from Mumbai University. Iyer provides leadership in Business & Technology Strategy and Global Product Development Processes.

Kannan Ramasamy

Kannan Ramasamy is Senior Management Partner, US Operations and Global Sales and Marketing Leader for Vayana. Kannan is also CEO of the two operating subsidiaries in India and Dubai. Kannan has been in Management Roles with Unilever, American Express, Bank of America and GE Capital prior to spending his energies as an entrepreneur building and turning around businesses. He is an Engineer from IIT Madras and an MBA from IIM Calcutta. He is a resident of the US and lives in Andover, Massachusetts

G. Subramanian

G. Subramanian brings to the Board over 37 years of experience in the banking industry. His expertise is in the area of Controls & Compliance Risk. During his banking career, Subramanian has been involved in setting up the audit, compliance and vigilance functions with responsibility for establishing internal controls, adherence to regulatory prescriptions and fraud detection, prevention and investigation activities. He has been a member of the founding management team of HDFC Bank, one of the largest private sector banks in India. Prior to HDFC Bank, he was employed with India's Central Bank, The Reserve Bank of India in senior management cadre for over 22 years. He is also a member of the Board of Directors of HDB Financial Services Ltd. and Computer Age Management Services Pvt. Ltd. G.Subramanian is a graduate from the Madras University and is a Certified Associate of the Indian Institute of Bankers (CAIIB). He is a nominee director from HDB Financial Services Limited.



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Business Advisory Committee

The company has set up a Business Advisory Committee (BAC) reporting into the Board. The BAC comprises Global Leaders from the Academia and Business who consult and counsel the Senior Management . This committee reviews business strategy, adoption of best practices and scaling of the business by efficiently alignment of people, intellectual and capital resources.

Dr.Marti G Subrahmanyam

Dr.Marti G Subrahmanyam is Charles E Merrill Professor of Economics and Finance at the Leonard N Stern School of Business, New York University. His detailed CV is available on http://pages.stern.nyu.edu/~msubrahm/. Dr. Marti G Subrahmanyam is currently on the boards of LIC Nomura Mutual Fund AMC, ICICI Prudential Life Insurance and a few other renowned companies as Independent Director. He is highly respected for his knowledge about Global Business with specific focus on finance and technology.

Dr. Claude R. Begle

Dr. Claude R. Begle is the Director General in SymbioSwiss. He is a very senior industry spokesperson in Europe with wide connections in the Banking and corporate world and well regarded by the Government. He holds Masters' degrees in Law and International Studies (Graduate Institute of International Studies, HEI). Prior to SymbioSwiss, he was Chairman of Swiss Post. Claude was part of Senior Management at Nestlé (Switzerland, Mexico, Egypt, Spain, Nigeria, Ecuador, Colombia, Czech Republic) with roles in Marketing, M&A and General Management. He also served as MD of Philip Morris in Poland, CEO for French Post, Deutsche Post & GeoPost International. He is on the Boards of some leading companies in Europe and Member at Swiss Technical Co-operation (Nepal), International Committee of the Red Cross (Lebanon, Zimbabwe).

Kannan Ramasamy

Kannan Ramasamy is a member of the BAC in his capacity as an Investor, Senior Management Partner, US Operations and Global Sales and Marketing Leader for Vayana. Kannan is also CEO of the two operating subsidiaries in India and Dubai. Kannan has been in Management Roles with Unilever, American Express, Bank of America and GE Capital prior to spending his energies as an entrepreneur building and turning around businesses. He is an Engineer from IIT Madras and an MBA from IIM Calcutta. He is a resident of the US and lives in Andover, Massachusetts

Anirban Mukherjee

"Anirban Mukherjee is currently employed as Business Head, Jio Money. Anirban has nearly 17 years of experience in Payments and Retail Banking across US, Mexico, India and broader Asia-Pacific region. He has experience in building, scaling-up and leading consumer financial services franchises by leveraging Technology, Data driven customer behavior insights, Alliances and Marketing to deliver disruptive customer propositions and frictionless processes. He has managed portfolios of 20 mm+ customers; $10B+ of assets and $ 600mm+ P&L across a wide variety of business models (Digitally led direct to consumer, distributor led, branch led) in various stages of evolution. He joined Jio from Standard Chartered bank, Singapore, where he was Group Head, Payments and Digital and was responsible for overall Payments and Digital products strategy and delivery for the retail segment globally, leveraging the rapid growth in digital technologies that have the potential to change banking industry landscape. Prior to that he was with Capital One Financial Corporation based out of USA, where he was Member of the Executive Management and played a key role in its Credit Card and National lending business. Anirban is MBA from IIM Ahmedabad and B.S. in Chemical Engineering from IIT Kharagpur. He has also done Executive leadership development program at UVA, Darden Business School, US."