Chief Financial Officer · Fintech & payments · Mumbai
Fourteen years from Big Four audit and transaction advisory to the CFO seat at Paylio, a Series B payments company — where she led a $45m Series B and grew ARR from $18m to $120m.
Case study
Paylio closed its books on a spreadsheet-based process, and the monthly close took 18 days.
Anika implemented NetSuite ERP across all three entities, replacing the spreadsheet close.
The monthly close came down from 18 days to 6.
Selected work
Programmes led as CFO at Paylio since 2022, and transaction work from her years at Deloitte India.
Led the raise from Sequoia India and Tiger Global — running the investor data room, financial due diligence and term sheet negotiation through to close.
$45m Series B closed
Grew annual recurring revenue while holding the line on unit economics.
ARR $18m to $120m; CAC payback cut from 18 to 11 months
Built finance, FP&A and internal audit, recruiting a VP Finance, a Head of Tax and a Head of Treasury.
Headcount grown from 2 to 18
Completed an IFRS restatement and a Big Four audit for FY2023 and FY2024, preparing the company for a potential IPO or secondary raise in 2027.
Two audited years on IFRS
A monthly CFO pack, a quarterly audit committee and an annual strategy review.
Adopted by the Board and Series B investors
Led financial due diligence on 12 M&A transactions across fintech, SaaS and consumer sectors.
₹8,400 crore aggregate deal value
Deloitte India
A CFO who turns financial complexity into board-level clarity, and pairs operational discipline with high-growth ambition.
Anika has been CFO of Paylio Ltd, a Series B payments infrastructure company in Mumbai, since January 2022. Since 2023 she has also sat on its Board as a Director and Audit Committee member.
Before Paylio she spent her career at Deloitte India, from statutory audit to Director in Transaction Advisory Services, advising PE-backed businesses on financial structuring, M&A transactions and IPO readiness. She is a Fellow of ICAI and holds a PGDM in Finance & Strategy from XLRI Jamshedpur.
Capabilities
Experience
Paylio Ltd, Mumbai
Series B payments infrastructure fintech. Led the $45m Series B, grew ARR from $18m to $120m and built the finance team from 2 to 18.
Deloitte India, Mumbai
Financial due diligence on 12 M&A transactions (₹8,400 crore); CFO-function advice to 3 PE-backed portfolio companies.
Deloitte India, Mumbai
Due diligence on 20+ transactions; QoE models for 8 targets; 18-month secondment to Deloitte London.
Deloitte India, Mumbai
Statutory audits for 5 listed banking and financial services clients; qualified as a Chartered Accountant.
Qualifications
Contact
anika.patel@email.com
Fictional candidate — contact details shown as plain text only.