Setu, a leading fintech infrastructure company, has appointed Ramkumar Thirumurthi as its Chief Revenue Officer (CRO). In his new role, Ramkumar will be responsible for driving revenue acceleration, deepening customer relationships, and enhancing go-to-market strategies as Setu strengthens its position in India’s rapidly evolving fintech ecosystem.
Ramkumar joins Setu with a strong legacy of leadership in financial technology and digital banking. Most recently, he served as Business Head – Neo Banking and Source to Pay at Razorpay, where he was instrumental in scaling India-focused financial products such as API payouts, bank account validation, and Source to Pay services.
Prior to Razorpay, Ramkumar co-founded and served as COO at actyv.ai, where he led the company’s expansion across Singapore, India, and the Middle East. He played a pivotal role in building strategic partnerships, launching products like actyvInsure and B2B BNPL offerings, and driving the platform to reach a $1 billion throughput within its first year.
Ramkumar has also held founding leadership positions in multiple ventures including a TechFin platform focused on embedded B2B BNPL and insurance solutions for enterprise clients such as Tata Motors, Dabur, and Britannia. His innovations—such as actyvGo and actyvScore—have helped empower MSMEs and build trust-driven digital finance tools.
Earlier in his career, Ramkumar was Managing Partner at Pinnacle India for over two decades, where he scaled lending, leasing, and insurance services through collaborations with top financial institutions like Kotak, HDFC, and Tata AIG. He also co-founded Aagey.com to bolster MSME finance and led technology initiatives for Tier 2 and Tier 3 cities through Enterprise Marketing Solutions.
Commenting on the appointment, Setu’s leadership expressed strong confidence in Ramkumar’s strategic vision and entrepreneurial drive to shape the next phase of Setu’s growth.
With this appointment, Setu reinforces its commitment to building robust financial infrastructure and enabling seamless digital experiences for India’s fintech future.
