Ankur Pal: Leading Innovation in AI and Fintech, Empowering Financial Access through Aplazo’s AI-First BNPL Platform

Ankur Pal, a globally recognized expert in Artificial Intelligence (AI) and Machine Learning (ML), has over 13 years of experience at the intersection of technology, data science, and fintech. His expertise lies in implementing AI-driven solutions that transform businesses by leveraging data to drive growth, enhance customer experiences, and streamline operations.

Currently, Ankur is the Chief Data Scientist at Aplazo, a leading Buy Now, Pay Later (BNPL) fintech in Latin America. In this role, he has been instrumental in advancing Aplazo’s mission to offer financial access and freedom to millions of consumers. Aplazo’s platform enables purchases in installments without a credit card, promoting financial inclusion and helping consumers avoid debt. Ankur’s leadership has positioned Aplazo as a leader in the BNPL space, with a focus on making financial solutions fair, simple, and transparent.

One of Ankur’s significant achievements at Aplazo is enhancing its credit decision-making process through AI-powered risk management models. By doubling its efficiency in mitigating risks, the company has successfully provided financial access to millions of first-time customers. In May 2024, Aplazo secured $45 million in Series B funding from QED Investors, a testament to the company’s success and growth potential across Latin America, with Ankur playing a pivotal role in scaling the platform.

Prior to Aplazo, Ankur was the Vice President of Data Science and Engineering at Niyo Solutions, an innovative fintech company in India. At Niyo, he led AI and ML initiatives that revolutionized the company’s offerings, making financial management more accessible to over 15 million users. His AI-driven personalization frameworks and optimization strategies improved customer engagement, enabling Niyo’s expansion into lending and insurance services. His efforts also contributed to Niyo securing $100 million in funding, strengthening its position in India’s fintech ecosystem.

Beyond his corporate roles, Ankur is an active angel investor, supporting over 40 startups across fintech, edtech, and consumer tech sectors. His investments in companies like Spenmo, Otipy, Rupifi, and TeachMint reflect his commitment to fostering innovation. Ankur also serves as an advisor to several of these companies, offering insights into AI, ML, and business strategy to drive their success.

Ankur is a sought-after speaker, regularly sharing his expertise at industry conferences. In 2024, he was recognized as one of the 10 Best Tech Leaders in India and one of the Most Admired Global Indians. As a member of the Forbes Technology Council, he actively participates in discussions on ethical AI practices, data privacy, and the democratization of AI. His speaking engagements, including the YourStory Tech Conclave and AI Summit 2024, highlight his thought leadership in these critical areas.

His leadership approach is distinguished by empathy, adaptability, and a strong focus on ethical AI. Ankur emphasizes a human-centric strategy, navigating challenges such as regulatory hurdles and data privacy concerns. He fosters a culture of collaboration and continuous learning, encouraging his teams to innovate and address the evolving needs of the fintech landscape.

Outside his professional life, Ankur is passionate about endurance sports. He regularly participates in marathons, cycling events, and trekking expeditions. His goal of conquering the Seven Summits—the highest mountains on each continent—mirrors his professional drive for excellence. This pursuit of personal challenges fuels his creativity and strengthens his leadership.

Ankur Pal’s journey is marked by continuous growth and a dedication to innovation. Whether at Aplazo, Niyo, or as an angel investor, his contributions are shaping the future of AI and fintech, making a lasting impact on financial accessibility and technological advancement.