The Future Focused CXOs Podcast | Episode 20 | Naseer Chanda, CEO Paymerang

The Future Focused CXOs Podcast

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HIGHLIGHTS:

Company Overview: Paymerang, a finance automation solution, aims to automate accounts payable processes, offering software and processes to help CFOs save time, be more efficient, and create new revenue streams. The company has experienced significant growth, now with 300 employees and serving midmarket corporations across various industries.

Career Journey: Nasser's career journey began in investment banking, followed by a corporate development role at Brink’s, where he led the startup and launch of their payments business. His transition from a consultant to a corporate role was driven by a desire to build and create value rather than merely advise.

Leadership Style and Values: Nasser highlighted the importance of serving others and cultivating a values-driven organization. He emphasized creating a culture where employees feel safe, connected to the company’s mission, and have growth opportunities. He draws inspiration from "Good to Great" and focuses on embodying humility and competitiveness as a leader.

Adopting AI and Technology: Nasser stressed the significance of focusing on specific tasks that can be improved using AI, advocating for an iterative and deliberate approach rather than broad AI implementation. He also highlighted the importance of the human element in integrating AI, acknowledging potential risks and biases.

Maintaining Company Culture: Nasser emphasized the necessity of being deliberate about company culture and being proactive in maintaining it during periods of rapid growth and mergers. He emphasized the importance of open communication, regular feedback, and being willing to make necessary cultural adjustments.

Navigating Economic Challenges in Fintech: As a seasoned finance executive, Nasser shared insights into navigating economic challenges within the fintech industry, emphasizing the need to balance efficiency, operational scaling, and remaining adaptable in a changing market.

Personal Journey: Nasser shared a deeply personal narrative of his upbringing, highlighting the struggles his family faced after immigrating, and how these experiences shaped his work ethic and values. He underscored the importance of hard work and humility.

Mentorship and Relationships: Nasser stressed the importance of mentors in his life, emphasizing the value of being open to feedback and embracing challenges. He also provided insights into leveraging the mentor-mentee relationship for personal and professional growth.