Bengaluru-based credit management platform CheQ has elevated Bipin Toro and Vished Banger as co-founders, recognising their role in building and scaling the company since 2022.

The announcement comes as CheQ closes FY26 with full-year profitability and annual recurring revenue of more than $40 million.

Toro, who has led engineering at CheQ, has been named Co-founder and Chief Technology Officer. He has overseen the company’s technology platform, product infrastructure and engineering team, helping build systems that serve millions of users.

Banger has been named Co-founder and Chief Business Officer. He has led business strategy, financial management, operations, partnerships and organisational development.

“Building a company is never the work of one individual. It is the result of leaders who take ownership, make difficult decisions, and remain deeply committed to the mission through every stage of the journey. Bipin and Vished have been an integral part of CheQ’s story from the very beginning, helping build the foundation of the company, shape its culture, and contribute meaningfully to every major milestone we have achieved. Their elevation to Co-Founder recognizes the impact they have already created and the important role they will continue to play as we build CheQ for the long term,” said, Aditya Soni, Founder and CEO, CheQ.

Bipin Toro, Co-Founder & CTO, CheQ, said, “Technology has always been at the heart of creating meaningful consumer experiences. Over the last few years, we have built a robust and scalable platform capable of serving millions of users while continuously introducing products that simplify credit management. What excites me most is the opportunity ahead, leveraging technology, AI, and data to make credit more transparent, accessible, and rewarding for every Indian consumer. I am grateful for the trust placed in me and look forward to building the next generation of credit experiences at CheQ.”

“Building a sustainable business requires a balance of innovation, operational excellence, and long-term thinking. Over the years, we have focused on creating strong foundations that allow CheQ to scale responsibly while delivering meaningful value to consumers. As we enter the next phase of growth, I am excited to continue driving strategic expansion, strengthening partnerships, and building a category-defining company that consumers trust with every aspect of their credit journey,” added, Vished Banger, Co-Founder & CBO, CheQ.

Founded by Aditya Soni, CheQ began as a credit card bill payment and rewards platform. It has since expanded into credit card management, credit health insights, utility bill payments, rewards and redemption, AI-powered credit assistance through Wisor, personal loans, loans against mutual funds, UPI payments and the CheQ AU Credit Card.

The company said the expanded founding team will support its next phase of growth across innovation, scale and product expansion.