Jitendra Gupta: Pioneering Fintech Entrepreneur and
Visionary Leader
Biography of Jitendra Gupta:
Jitendra is the Founder and CEO of Jupiter.money (formerly
Amica Financial), where his goal is to revolutionize banking for Indian
millennials by offering convenient and affordable mobile banking services. He
is passionate about helping young people better manage their finances.
Mr. Jitendra Gupta is a seasoned entrepreneur, known for his
innovative ventures in the technology sector. Currently serving as the
Co-Founder and Chief Executive Officer at myYogaTeacher, his third startup
endeavor, Jitendra brings a wealth of experience and expertise to the table.
Educational Background
Jitendra holds a degree from Sydenham College, Mumbai, and
is a qualified Chartered Accountant. His academic qualifications, combined with
his extensive industry knowledge and entrepreneurial acumen, have positioned
him as a key figure in the Indian fintech landscape.
Jitendra Gupta's Career Overview
Founder & CEO, Jupiter (Aug 2019 - Present):
Jitendra is the driving force behind Jupiter, a mobile-first
banking platform focused on delivering efficient and cost-effective banking
services to Indian millennials. Under his leadership, Jupiter aims to
revolutionize the banking experience through innovative solutions tailored to
the needs of modern consumers.
Managing Director, PayU (Sep 2016 - Jun 2019):
Jitendra played a
pivotal role as the Managing Director at PayU, a leading financial technology
company. During his tenure, he contributed significantly to the company's
growth and strategic direction, leveraging his extensive experience in the
payments industry.
Founder, Citrus Payment Solutions Pvt. Ltd (Dec 2010 - Oct
2016):
As the founder of Citrus Payment Solutions, Jitendra
spearheaded the development of cutting-edge payment solutions for both
merchants and consumers. His entrepreneurial vision and leadership were
instrumental in establishing Citrus as a prominent player in the digital
payments landscape.
Chief Manager, Investment Banking, ICICI Bank (Mar 2007 -
Dec 2010):
Jitendra Gupta spent seven formative years at ICICI Bank,
where he played a pivotal role in the founding team of the Retail Cross-Sell
and Investment Banking division. His contributions were instrumental in shaping
the bank's strategic direction and laying the groundwork for future
initiatives.
At ICICI Bank, Jitendra played a key role in the investment
banking division, focusing on M&A transactions and fundraising activities.
He was instrumental in setting up the Investment Banking group and forging
strategic partnerships to drive business growth.
Regional Sales Manager, ICICI Bank (Jan 2004 - Feb 2007):
Jitendra held various roles at ICICI Bank, including
Regional Sales Manager, where he was responsible for sales of retail assets and
managing a team of retail loan managers. He successfully set up new business
verticals and implemented processes to enhance operational efficiency.
During his tenure at ICICI Bank, Jitendra Gupta led the
initiative to establish a groundbreaking joint venture between ICICI Bank and
First Data in the Indian market. This pioneering collaboration marked a
significant milestone in the fintech industry, showcasing Gupta's visionary
leadership and ability to drive innovative partnerships.
Staff Accountant, RSM & Co (Jun 2002 - Sep 2003):
Jitendra gained valuable experience as a staff accountant at
RSM & Co, where he led assignments in the Management Assurances Services
Department, demonstrating his proficiency in financial analysis and reporting.
Article Trainee, Lodha & Co (Aug 2000 - May 2002):
Early in his career, Jitendra served as an article trainee
at Lodha & Co, where he honed his skills in accounting and auditing, laying
the foundation for his future success in the financial services industry.
Throughout his career journey, Jitendra Gupta has exhibited
a relentless drive for innovation and a commitment to delivering value to
customers and stakeholders alike. His track record of success in the fintech
sector underscores his exceptional leadership and strategic acumen.
Jitendra Gupta: Pioneering Fintech Entrepreneur and Visionary Leader / Biography of Jitendra Gupta: / Jitendra Gupta:
Founder and Growth of Citrus:
Jitendra Gupta founded Citrus Payment Solutions and led its
growth into a 300+ member team, raising over USD 25 million in funding. With a
diverse investor base including Sequoia Capital, E-context Japan, and Ascent
Capital, Citrus became a leading player in the digital payments space under
Gupta's guidance.
Acquisition by Naspers:
In 2016, Citrus Payment Solutions was acquired by Naspers in
one of the largest fintech exits in India. This successful acquisition
highlighted Gupta's strategic prowess and the value he brought to the company
as its founder and leader.
Creation of LazyPay:
After Citrus, Jitendra Gupta created the pay-later brand
LazyPay, which quickly gained popularity and scaled to more than 1 million
active consumers on a monthly basis. His ability to identify market
opportunities and execute innovative solutions further solidified his
reputation as a fintech visionary.
Past Ventures:
Before Jupiter,
Jitendra founded Lazypay and served as the Managing Director of PayU India. He
is also the brain behind Citrus Pay, a prominent digital payments company in
India. Under his leadership, Citrus Pay achieved a remarkable success, being
acquired by Naspers in September 2016 for US$130 million, marking one of the
most successful exits in the fintech industry.
Entrepreneurial Journey:
Prior to founding myYogaTeacher, Jitendra made significant
contributions to the startup ecosystem. He co-founded Punchh, a company that
has made substantial strides toward achieving unicorn status. As the CEO and
Head of Product & Strategy at Punchh, Jitendra played a pivotal role in
shaping the company's growth and success.
Previous Ventures:
Before Punchh, Jitendra founded SezWho, a widely recognized
consumer and social media ratings platform. Notably, he successfully sold
SezWho in 2007, demonstrating his acumen in building and exiting startups.
Throughout his career, Jitendra has held key positions at renowned tech
companies like Siebel Systems, Synopsys, and Inquira, where he gained valuable
insights into product development, marketing, and engineering.
Diverse Skill Set:
With a blend of
technical prowess, business acumen, and entrepreneurial drive, Jitendra Gupta
continues to make significant strides in the world of technology startups,
leaving an indelible mark on the industry.
Extensive Experience:
With over 16 years of
experience in banking and financial services, Jitendra is widely recognized as
an expert in the payments sector. Prior to founding Citrus Pay, he spent 7
years at ICICI Bank, where he played a pivotal role in establishing the bank's
retail cross-sell and investment banking division. During his tenure, he spearheaded
the formation of a groundbreaking joint venture between ICICI and First Data,
marking a unique collaboration between a bank and an independent payments firm.
Some companies where Jitendra Gupta invested
- Nimbbl - Financial Software
- Neufin – Media and Information Services (B2B)
- Stable Money – Financial Software
- Volopay – Financial Software
- Pay Glocal – Financial Services
- Dash - Financial Software
- Unswing Financial technologies - Financial Software
- Docsumo - Business/Productivity Software
- LearnTube by CareerNinja - Educational Software
- ThreeDots - Entertainment Software
- Hash – platform for decision-making
- Voxweb – messaging and social networking application
- Spoyl - online influencer e-commerce platform
- Joe Hukum – automated chat solution
A Timeline of Jitendra Gupta's career:
2000 - 2002:
- Early Career Development
Aug 2000 - May 2002:
- Article Trainee at Lodha & Co, honing skills in accounting and auditing.
2002 - 2003:
- Entry into Corporate Accounting
Jun 2002 - Sep 2003:
- Staff Accountant at RSM & Co, gaining valuable experience in financial analysis and reporting.
2004 - 2007:
- Transition into Banking
Jan 2004 - Feb 2007:
- Regional Sales Manager at ICICI Bank, responsible for sales of retail assets and managing a team of retail loan managers.
2007 - 2010:
- Venture into Investment Banking
Mar 2007 - Dec 2010:
- Chief Manager, Investment Banking at ICICI Bank, focusing on M&A transactions and fundraising activities.
2010 - 2016:
- Entrepreneurial Ventures in Fintech
Dec 2010 - Oct 2016:
- Founder of Citrus Payment Solutions Pvt. Ltd., leading the development of cutting-edge payment solutions.
- During this period, he also led the initiative to establish a joint venture between ICICI Bank and First Data in the Indian market.
2016 - 2019:
- Managing Director at PayU
Sep 2016 - Jun 2019:
- Managing Director at PayU, contributing significantly to the company's growth and strategic direction.
2019 - Present:
- Focus on Fintech Innovation
Aug 2019 - Present:
- Founder & CEO of Jupiter.money (formerly Amica Financial), revolutionizing banking for Indian millennials.
- Currently serving as the Co-Founder and CEO at myYogaTeacher, his third startup endeavor, focusing on providing innovative solutions in the technology sector.
Investment Ventures:
- Jitendra Gupta has invested in various companies, including Nimbbl, Neufin, Stable Money, Volopay, Pay Glocal, Dash, Unswing Financial Technologies, Docsumo, LearnTube by CareerNinja, ThreeDots, Hash, Voxweb, Spoyl, and Joe Hukum.
This timeline showcases Jitendra Gupta's journey from his early
career in accounting to his current status as a pioneering entrepreneur in the
fintech industry.
Jitendra Gupta: Pioneering Fintech Entrepreneur and Visionary Leader / Biography of Jitendra Gupta: / Jitendra Gupta:
