FINBOOT APPOINTS FORMER ACCENTURE SUPPLY CHAIN EXECUTIVE TO ITS BOARD OF DIRECTORS

Finboot is a tech company which gives its world class customers a competitive edge through accelerating their digital transformation, realising value, and building trust through blockchain. These include companies such as Repsol, Stahl and Thales.

Mr Ramankutty was previously Managing Director of Accenture, advising portfolio companies on channel and technology strategy. Prior to this, he was the founder and CEO of Intrigo Systems - a world-class supply chain consultancy - which was acquired by Accenture in 2018. Previously he co-founded Bristlecone Inc., a supply chain advisory consultancy which was acquired by Mahindra & Mahindra. He also spent 17 years as a strategic advisor to Nike on strategic IT and supply chain initiatives.

Mr. Ramankutty, who is based in California, joins Finboot as a non-executive director. He is also engaged with Supply Chain Ventures, which announced an investment in Finboot in 2021. The strategic backing from Supply Chain Ventures follows Finboot’s successful $3.6 million fundraise also announced last year, which was led by the Development Bank of Wales, energy company Repsol and New Look Founder, Tom Singh.

“Finboot offers innovative middleware for companies grappling with how to manage increasingly complex supply chains.  As Finboot continues its global expansion, I look forward to driving customers toward the go-to standard of enterprise solutions powered by blockchain,” said Padman Ramankutty.

Finboot has developed MARCO, an ecosystem which brings together blockchain technologies in one place, connecting multiple ledgers simultaneously. It enables companies to incorporate blockchain within their value and supply chains, bring traceability, transparency, and compliance which, in turn, helps them meet sustainability and ESG requirements while also increasing operational efficiency.  

Nish Kotecha, Founder and Chairman of Finboot, said: “It is excellent to have a senior leader of Padman’s calibre on the Board of Finboot. He brings a wealth of supply chain expertise combined with an excellent network and an entrepreneurial mindset, which is great fit for us as we look to scale in 2022 and beyond.”