About Instapay

Instapay Instapay

About Instapay

Instapay, an e-wallet plus pre-paid Mastercard, is specially designed to enhance payroll management of businesses that employ unbanked blue-collar workers. It serves to streamline payroll processing within organisations while promoting financial inclusion of their under-banked/unbanked employees.

The platform is currently available in Malaysia, a country that is a major destination for migrant workers from other south Asian countries. The migrants are usually employed in low-skilled work and face challenges of financial inclusion, among others.

Instapay’s vision is to build the capacities of employer organisations to manage their payroll in a financially inclusive and regulation compliant manner. It also aims to facilitate the entry of the migrant workers into the formal digital economy by securing their earnings and allowing them to make purchases and remit funds online.

Meet The Team

instapay Anand Vardhan
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instapay Anand Vardhan

Anand Varrdhan

Co-founder and Chief Business Officer

Anand is a career investment banker and has worked with Credit Suisse First Boston, Peregrine, Ojas Energy and the boutique investment advisory firm, Tao Capital, heading asset development and M&A practices in various industry verticals in South East Asia and Africa.He is also a Director of Karthavya Technologies, Bengaluru, India which has developed mission critical software applications for the financial securities industry, end-to-end software suite for the broadcasting industry and automation & ERP for plantations. He was also responsible for development of mobile-based financial terminal with technical indicators much before the advent of the present mobile app boom in 2009.Anand is a commerce graduate with specialisation in securitisation and asset-backed securities.

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instapay Anand Vardhan
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instapay Anand Vardhan

Rajnish Kumar, CFA

Co-founder and CEO

Rajnish has extensive experience in transaction banking, liabilities, consumer finance, wealth management and risk/governance within the financial services domain. Apart from being a key founder member of a large financial services start-up, he has worked in senior roles with leading global financial institutions such as HSBC, Standard Chartered Bank and Fullerton Financial Holdings, Singapore. Rajnish is an MBA in Finance & Marketing from the Indian Institute of Management, Lucknow (India) and is also a CFA Charter holder. He is an engineering graduate from the National Institute of Technology, Jamshedpur, India

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Killi Anandraj Somasundram

Co-founder

Anand Soma has more than 21 years of experience in banking, hire purchase & leasing, manufacturing, transportation, food & beverage industry and edible oil industry.He is a prominent Malaysian Indian entrepreneur and was a Council member of Selangor Indian Chamber of Commerce and Industry.Anand Soma has also been the CFOof Premier NalfinBerhad (formerly Premium Nutrients Bhd) since July 2011 as well as a Director at Capital Hive Limited (licensed fund manager in Labuan).He is a graduate of science in business administration from Arkansas State University, USA, and has attended the Harvard Business School Senior Management Program.

instapay Anand Vardhan
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