Nearex is a fast growing Fintech company, providing a breakthrough cashless payment technology that’s revolutionizing mass payments across emerging markets. Founded in December 2012, by professionals from the mobile and fintech industry, Nearex created Xip to take on the challenge of making electronic payments as simple and easy to use as cash, and most importantly, affordable enough to use for the smallest merchant in any country. Nearex has its product development base in Bangalore, India and manufacturing in Shenzhen, China. Xip has grown rapidly, with market research and extensive pilots lasting over a year, from a mere concept to a payment system that’s touching lives in the many countries where it is deployed today. Nearex’s investors include Tata Capital, Beenos Asia and Xinvesco.
Mayank believes the challenge of cashless micropayments can only be solved when a technology competes favourably with the convenience and affordability of cash. He started Nearex to empower consumers & merchants around the world with simple cashless payments leveraging the reach of mobile phones. Mayank is an industry veteran with experience of leading multiple global teams.
Arun's passion is for making society adopt electronic cash and harnessing technology for the greater good of society. He remains an active developer, product manager, tester and field engineer. He has worked in the telecom and IT industries for over 25 years. He was earlier the CTO of Mahindra Comviva and Co-Founder and CTO of Jataayu Software.
With over 25 years experience in the Telecom and IT Industry, Raj has shouldered Sales, Marketing and P&L responsibility across India, Europe & Americas. He loves the challenge of taking new products and ideas to the global markets & is an avid traveler. Prior to Nearex, he was CEO of Integra Micro Software Services, VP of Mahindra Comviva and Co-Founder of Jataayu Software.
Mahesh is one of the founding members and Angel investor of Nearex. He brings with him extensive experience spanning across Singapore, USA, Europe and India with Financial Institutions, Telecom, Consulting and Manufacturing companies. He loves to play squash and practice yoga & meditation.
SANTOSH KUMARVP- DEVELOPMENT
Santosh's mission is to make XIP a world class product getting used by millions of users across the world. He is a soft-spoken geek at heart with strong eye for details and passion for technology. Santosh comes with 17 years of professional experience in Telecom and IT based products-services in various roles.
We are positive that this product (Airtel Tap Tap) will complete the journey of financial inclusion and ultimately offer financial freedom to millions of Tanzanians.
Zimbabwe has played a leading role in financial inclusion through EcoCash mobile money payments. In moving to the next level of the financial inclusion lifecycle, disruptive innovation is necessary to ensure that day to day micro transactions are formalised.
Xip is the future, that unlocks the potential of micro payments and now the future is here with us.
Mobile micro payments offers a large market opportunity. Nearex through its cutting edge technology platform is poised to become a global leader.
Sunil ColasoMD Airtel Tanzania
Douglas MboweniCEO Econet Zimbabwe
Chris GathinguCEO Tangazoletu Ltd.
Akhil AwasthiManaging Partner Tata Capital Growth Fund