BKN301 names Mahesh Paolini-Subramanya as new CTO
Banking-as-a-Service (BaaS) fintech BKN301 Group has appointed Mahesh Paolini-Subramanya as its new chief technology officer (CTO).
Mahesh Paolini-Subramanya, new CTO at BKN301
Paolini-Subramanya brings more than three decades of experience to his new role, joining BKN301 Group from Klar, a digital bank in Mexico, where he served as CTO for a year.
Prior to that, he was CTO at BlockFi, a platform providing banking products such as payments, wealth management, credit and cryptocurrency accounts to over 500,000 customers and with over $15 billion in assets under management. Over the years, he has also held executive roles at firms including Factom, Ubiquiti Networks and Vocalocity.
At BKN301, Paolini-Subramanya will be responsible for the development of its platform and solutions, as well as ensuring its global process vision and capability, as the company looks to scale.
Stiven Muccioli, founder and CEO of BKN301, says Paolini-Subramanya brings with him “an unparalleled experience as CTO of tech companies that contributed to the evolution of their respective industries”.
With his experience, Muccioli believes the company can accelerate its growth in high-growth markets and bring new solutions “in a faster, more efficient, and more responsive way”.
Expansion efforts
After expanding its presence in Qatar last September, BKN301 opened a new office in Cairo, Egypt, this week.
The move signifies its efforts to build a stronghold in the Middle East and North Africa (MENA) region. The fintech says the country is experiencing “extremely significant growth” in the use of digital financial solutions.
Citing data from Egypt’s central bank, it says between 2016 and 2022, there has been a 147% increase in the number of holders of bank accounts, Egyptian Post accounts, digital wallets and prepaid cards, bringing it to more than 42 million users.
“Our presence in Egypt is a key part of our growth strategy,” Muccioli says.
“It allows us to be directly present in a country that has made financial inclusion a government objective to be achieved by 2030 and a privileged point of contact for the North African economy.”
