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    Crypto startup CoinSwitch Kuber appoints Sarmad Nazki as CFO, to expand hiring

    Synopsis

    Nazki, the new CFO, was previously with mobility startup Bounce. He has also worked at Ola, Ernst & Young (EY) and KPMG earlier.

    nazkiETtech
    Sarmad Nazki, CFO, CoinSwitch Kuber (Picture: LinkedIn)
    Cryptocurrency startup CoinSwitch Kuber has appointed Sarmad Nazki as its chief financial officer (CFO). The company's chief executive officer (CEO) Ashish Singhal said that the company planned to add about a hundred and fifty new staff to its rolls in another six months' time.

    Nazki, the new CFO, was previously with mobility startup Bounce. He has also worked at Ola, Ernst & Young (EY) and KPMG earlier.

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    CoinSwitch Kuber is a cryptocurrency investment platform that lets users buy, sell and trade crypto-coins like Bitcoin, Ethereum and Litecoin. The company claims to have 7.5 million users.

    Singhal said that the company was also looking to fill in key senior leadership roles such as chief information security officer, chief legal officer and vice-presidents in data science, product and tech.

    Singhal said that he would want staff to come to work for at least six months once things normalise, so that they could build a better rapport with each other. "We have grown from a team of 20 to 120 in the pandemic," he said. Once the team got to know each other, Singhal said that the employees could work remotely.

    CoinSwitch Kuber in April this year raised $25mn from Tiger Global Management at a valuation of over $500mn, according to reports.

    The company in May this year had hired Zeeshan Ramlan as director and head of human resources.

    Singhal said that the company has grown at a rapid clip during the pandemic as more people, especially millennials and Gen Z, are now interested in investing in cryptocurrencies.
    The Economic Times

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