Ride hailing major Ola on Thursday said it has appointed industry veteran Hemant Kaul to the board of directors of its financial services arm -- OlaMoney.
Kaul has served as the MD & CEO of Bajaj Allianz General Insurance and was also an executive director at Axis Bank, Ola said in a release.
The company said there is a huge opportunity to create a simple, yet cutting-edge financial services and products in a young and fast-growing market like India, which is still underserved at many levels.
"Ola, as a platform... is in a very unique position to fill this gap," the release added.
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