# Raj Kamal

> Raj Kamal is the Dubai-based founder and CEO of TransFi, a cross-border payments infrastructure company founded in 2022. His career spans the Indian Administrative Service, McKinsey’s Asia Pacific payments practice, fintech investment roles at Naspers/PayU and leadership of OYO Vacation Homes. He focuses on connecting stablecoin settlement with usable local payments in emerging markets.

- **Role:** Founder & CEO at TransFi
- **Organizations:** TransFi, McKinsey & Company, Naspers/Prosus, PayU, OYO Vacation Homes, Indian Administrative Service, Life Insurance Corporation of India (former independent director)
- **Nationality:** Indian
- **Education:** Bachelor of Technology in Mechanical Engineering, Indian Institute of Technology Bombay, Postgraduate management qualification, Indian School of Business, Certificate in Corporate Governance (International Directors Programme), INSEAD
- **Known for:** Built TransFi, which reported more than $1 billion in processed transaction volume by August 2026., Led TransFi through a March 2026 financing comprising $14.2 million in Series A equity and a $5 million committed liquidity facility., Previously led McKinsey’s payments practice across Asia Pacific.

## Career timeline

- **1994–2002** — Served in the Indian Administrative Service, including district magistrate and finance-department budget roles.
- **—** — Partner at McKinsey, leading the Asia Pacific payments practice from Singapore.
- **2015** — Worked in payments strategy at PayU; says he was introduced to blockchain while at Naspers/Prosus that year.
- **2020** — Joined OYO Vacation Homes as COO for Europe and the UK; became CEO at the end of June.
- **2022** — Founded TransFi.

## Achievements

- Built TransFi, which reported more than $1 billion in processed transaction volume by August 2026.
- Led TransFi through a March 2026 financing comprising $14.2 million in Series A equity and a $5 million committed liquidity facility.
- Previously led McKinsey’s payments practice across Asia Pacific.

## Latest updates

- **2026-10** — Business Today Middle East published a Money20/20 interview discussing payments, AI and potential Saudi Arabian partnerships.
- **2026-09** — Discussed African payment liquidity and freelancer payouts in a Bird Story Agency interview.
- **2026-08** — TransFi announced JARVIS, its compliance intelligence platform; final decisions remain with the compliance team.
- **2026-03** — TransFi announced $19.2 million in equity financing and a committed liquidity facility led by Turing Financial Group.

## Links

- Website: https://www.transfi.com/
- LinkedIn: https://www.linkedin.com/in/raj-kamal-488a908/
- Twitter/X: https://x.com/OneRajkamal

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Profile page: https://yespress.io/raj-kamal
Published by YesPress — https://yespress.io
Last updated: 2026-10-11