MonetaGo appoints leading finance and trade receivables practitioner Kalyan Basu to Managing Director position, steering India strategy and operations

Mr. Kalyan Basu joins MonetaGo as Managing Director, India.

Mumbai, 29 January 2025 - MonetaGo, the global leader in fraud prevention technology for financial institutions, is pleased to announce that Mr. Kalyan Basu has been appointed Managing Director, India, effective immediately. He will lead the execution of MonetaGo’s strategy and operations across the subcontinent.  

Basu’s veritable wealth of experience and expertise is built on 5 decades with various senior leadership and C-suite roles in banking, trade and technology, including Invoicemart, Axis Bank, ICICI, and Central Bank of India. In his most recent role as MD and CEO of Vayana TradeXchange, India's leading digital marketplace for cross-border trade finance, Basu led all aspects of the business including regulatory licencing, IT platform design, capital raising and team growth.    

Basu will work closely with MonetaGo’s executive team, leveraging his expertise to expand the company’s local presence, with an emphasis on establishing new channels of growth.  This appointment comes at a key period ahead of planned enhancements and innovative new solutions MonetaGo is bringing to the financial technology market in 2025.  

“MonetaGo has long been known in the Indian financial market due to their technological innovation powering the TReDS operation, which brings critical safeguarding from the ever-present threat of fraud,” said Kalyan Basu, Managing Director, MonetaGo. “I am delighted to join their team and eager to contribute to their mission of combatting fraud in trade and finance.” 

Neil Shonhard, CEO of MonetaGo said, “We are thrilled to welcome Kalyan to MonetaGo as a core part of our senior team. His vast experience in financial, trade and technology will see an opportunity for us to strengthen our well-established presence in India and prepare for new, world-leading innovations to come to market this year.” 

MonetaGo has been active in the Indian trade and receivables finance market since the RBI’s TReDS was launched in 2017, with MonetaGo’s technology underpinning the TReDS service to provide duplicate financing checks in a privacy-preserving manner, safeguarding data and ensuring confidentiality for all parties involved.  

TReDS underwent a substantial upgrade in 2024, with the invoice fingerprinting solution migrating from DLT to confidential cloud computing. The new solution, referred to as “Secure Financing” is standards-based and can handle many millions of documents and multiple document types.  

MonetaGo’s Secure Financing system is available to all trade and finance lenders, accessible via Swift, API, and partners.