Mitherpal Sidhu has taken on a new role as General Manager, Payments at Funding Societies | Modalku Group.
Based in Singapore, he now leads CardUp’s operations across Singapore and Indonesia, with full profit and loss responsibilities in both markets.
Sidhu joins the regional SME digital financing platform from BigPay, where he previously served as Group Chief Operating Officer.
Prior to that, he held roles at KPMG, the Singapore Economic Development Board (EDB), Lazada, and payments platform Opn.
BigPay, a fintech subsidiary of Capital A, has recently seen a wave of senior leadership departures.
Those who stepped down include Sidhu himself, along with CEO Zubin Rada Krishnan, Chief Growth and Commercial Officer Chris Manguera, and Chief of Staff and Head of Strategy Meirisha Berisdha.
All three co-founders—Salim Dhanani, Chris Davison, and Navin Rajagopalan—had exited the company at different times, with Salim being the most recent in 2023.
Capital A CEO Tan Sri Tony Fernandes had recently announced the sale of a majority stake in its 99.56%-owned fintech arm, BigPay, to an undisclosed “very big” regional bank.
The company, which remains the only loss-making entity among Capital A’s non-aviation businesses, said the divestment was driven by capital requirements.
As of end-2024, BigPay had over 1.6 million cardholders, up from 1.5 million a year earlier, according to Capital A’s latest operating statistics.
Featured image credit: Edited from Freepik
