Sources close to the matter have revealed that BigPay, a fintech subsidiary of Capital A, is undergoing a mass exodus as several top executives have reportedly tendered their resignations.
Among those stepping down are CEO Zubin Rada Krishnan, COO Mitherpal Sidhu, Chief Growth and Commercial Officer Chris Manguera, and Chief of Staff and Head of Strategy Meirisha Berisdha. CTO Siddharth Ravichandran’s departure is also rumoured but remains unconfirmed.
All three co-founders—Salim Dhanani, Chris Davison, and Navin Rajagopalan—had left the company at different times, with Salim being the latest in 2023.
The fintech had once been lauded for its ambitious digital banking aspirations. Its ability to secure substantial MYR RM450 million in investment funding from partners like South Korea’s SK Group positioned it as a promising player. Now, however, it finds itself at a critical juncture.
Zubin, who took over the CEO role in early 2023, had expressed confidence in driving BigPay’s growth. He aimed to align the company’s trajectory more closely with Capital A’s ecosystem, but something might’ve gone wrong somewhere.
Amid these leadership changes, rumours have surfaced about Aireen Omar, President (Investments & Ventures) at Capital A, potentially stepping in to lead BigPay. Her involvement could signify a stronger alignment with Capital A’s overarching goals. However, this speculation remains unverified at this time.
This wave of resignations raises pressing questions about the company’s future direction.
Stay tuned for further updates as we continue to monitor developments at BigPay and their leadership restructure. We will update this once we get an official statement from them.
Author’s Note: All figures are in MYR and based on an exchange rate of USD $1.00 to MYR RM4.50. Please note that exchange rates fluctuate, and it is advisable to refer to current market data for precise conversions.
Featured image credit: Edited from Freepik
