Mayank Somani
Gurugram, Haryana,India
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Mayank Somani is a seasoned entrepreneur and product leader with extensive experience in the fintech industry. He co-founded Upstox (formerly RKSV Securities), a leading Indian discount brokerage, and played a pivotal role in its growth, product development, and scaling, democratizing equity investing for millions. Later, he served as the Head of Product at CRED, contributing significantly to its product strategy, innovation, and user experience in building a high-trust community for creditworthy individuals. Mayank is known for his deep understanding of financial technology, his ability to build and scale innovative products from the ground up, and his passion for leveraging technology to solve complex problems for consumers. He is often recognized for his contributions to the Indian startup ecosystem, particularly in the fintech space, and is passionate about financial inclusion.
Professional Summary
Mayank Somani's work history includes a series of influential roles in various companies. Here is a detailed list of his professional journey:
Notable Achievements
Co-founder of Upstox
Co-founded Upstox (formerly RKSV Securities) in 2009 and was instrumental in building it into one of India's largest and fastest-growing discount brokerage firms, revolutionizing online trading for retail investors in India.
Head of Product at CRED
Led product vision, strategy, and execution at CRED, a members-only platform rewarding individuals for timely credit card bill payments, contributing to its rapid growth and innovative product offerings from 2020 to early 2023.
Scaling Fintech Platforms
Successfully scaled two major fintech platforms (Upstox and CRED), managing product development for millions of users and handling significant transaction volumes, focusing on robust architecture and superior user experience.
Innovation in Financial Technology
Pioneered several innovative features and products in the Indian fintech landscape, making financial services more accessible, affordable, and user-friendly for a broad audience.
Thought Leadership in Fintech
Recognized as a key figure and thought leader in the Indian fintech ecosystem, often sharing insights on product development, financial inclusion, and the future of finance in India.
Educational Background
Master of Business Administration (MBA), Finance
ICFAI Business School, Kolkata - Year 2008
Bachelor of Commerce (BCom), Accounts and Finance
University Commerce College,Jaipur - Year 2005
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Company Overview
Bank of AmericaBank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management, and other financial and risk management products and services. Headquartered in Charlotte, North Carolina, the company serves clients in more than 35 countries and is a component of the S&P 500 and Dow Jones Industrial Average. It is considered one of the 'Big Four' banking institutions in the United States.
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