CapitalXB appoints Pavan Matai as business head to drive MSME finance expansion

MUMBAI: A new face is taking charge as growth comes knocking. CapitalXB Finance Pvt Ltd has appointed Pavan Matai as business head, strengthening its leadership team as it looks to expand its receivables and export finance platform for MSMEs, mid-sized companies and exporters.

The RBI-regulated NBFC-Factor and Authorised Dealer Category III licence holder said the appointment comes as it enters its next phase of growth, with plans to deepen its presence in domestic and cross-border financing while expanding partnerships across corporate ecosystems, digital platforms and institutional capital providers.

In his new role, Matai will oversee business strategy, product development, business origination and strategic partnerships across CapitalXB’s financing businesses. He has also been tasked with scaling the company’s technology-led lending platform, which enables businesses to unlock working capital against commercial receivables and trade transactions.

CapitalXB Finance Pvt Ltd founder and chief executive officer Taranjit Jaswal said the company has already established the regulatory, technology and risk management foundations needed to address what it sees as a large underserved market in receivables-based financing.

He added that Matai’s experience across global banks, NBFCs and fintech-led lending platforms would help the company strengthen client relationships, build strategic partnerships and scale its business in a disciplined manner.

The appointment comes as Indian exporters face mounting pressure from higher freight, insurance and financing costs amid an uncertain global trade environment, increasing demand for faster and more flexible working capital solutions.

Matai brings more than two decades of experience spanning corporate banking, trade finance, supply chain finance and fintech lending. During his career, he has held leadership positions at HSBC, Standard Chartered, RBL Bank and L&T Finance, where he worked across financing businesses catering to large corporates, emerging enterprises and MSMEs.

His industry experience spans sectors including steel, automotive, fast-moving consumer goods, healthcare, renewable energy and agriculture. Before joining CapitalXB, he was involved in building fintech-led credit businesses at Infra.Market and JSW One Platforms Ltd., where he led the NBFC business and also served on the board.

CapitalXB Finance Pvt Ltd business head Pavan Matai said his experience across banks, NBFCs and fintech companies has shown how timely access to working capital can significantly influence business growth, particularly when receivables, supply chain data and trade flows are used to create faster financing solutions.

He said CapitalXB has built a differentiated platform combining domestic business finance with export-led trade flows and expressed confidence that the company can expand receivables-based financing while strengthening partnerships across the broader financial ecosystem.

With the latest leadership appointment, CapitalXB is positioning itself to capture growing demand for technology-driven working capital financing as more Indian businesses seek flexible funding options in an increasingly complex trade environment.