India, July 25 -- Bengaluru-based fintech startup Setu, owned by digital payments major Pine Labs, has strengthened its leadership team with a host of appointments from fintech majors, including Razorpay, PhonePe and Wibmo.

As part of its ongoing efforts to scale its API-led financial services, the company has appointed Prashanth Nimmagada as chief technology officer (CTO). Nimmagada previously served as vice president of Engineering at Razorpay and has also held senior roles at global tech giants such as LinkedIn and Microsoft.

Earlier in January, Pine Labs appointed Vijeth Pandit as chief product officer. Pandit brings nearly three years of experience from Razorpay, where he served as senior director of Product Management. Another key...