Atlys, an online visa processing system, has selected Ananth Iyer as its new Chief Financial Officer (CFO). Iyer will lead the company’s financial activities and strategy as the company continues to grow its international services.
Having more than a decade of experience in corporate strategy and financial advisory, Iyer comes to Atlys from Ernst & Young, where he held the position of Director in Transaction Advisory Services. In his role, he counseled clients on risk assessment, financial due diligence, and strategic transactions in various industries. Before EY, he was with B S R and SR Batliboi, advising on financial reporting, regulatory compliance, and audit management for businesses in technology, consumer markets, and financial services.
Atlys, established in 2021, has expanded quickly through providing an efficient visa application process for tourists. The growth of the company into new markets has required a more robust financial leadership framework to drive scaling operations, compliance, and investor relations. Iyer’s experience in cross-border financial frameworks, such as IND AS and IFRS transitions, is likely to facilitate Atlys’s expansion in international jurisdictions.
Joining Atlys is a thrilling experience to be a part of a platform that is changing the way individuals experience global travel,” said Iyer. “The mission of the company speaks to my career experience, and I’m excited to assist in establishing a sustainable financial basis for its future growth.
Mohak Nahta, Atlys’ Founder and CEO, highlighted Iyer’s value to the company’s changing structure. “Ananth’s experience in financial strategy and governance will be essential as we expand into new markets and optimize our operations,” Nahta stated. “His analytical mind and background with high-growth companies make him an asset to our leadership team.”
Iyer’s appointment comes against the backdrop of a rise in demand for digital visa solutions, triggered by a rebound in global travel following the pandemic. Atlys has emerged as a substitute to the conventional visa processing channels, relying on automation and human-centered design to expedite the processing. The business has expanded through collaboration with governments and immigration agencies to embed its platform with the official systems.
As CFO, Iyer will oversee financial planning, investor relations, and risk management to ensure Atlys stays compliant while growing its operations. His prior experience working with startups and investors should be instrumental in defining the company’s financial roadmap.
Atlys’s expansion is part of larger trends in the travel tech industry, where online platforms are taking on more documentation and compliance tasks. The company’s emphasis on accessibility for travellers from different passport jurisdictions has been a competitive advantage. With Iyer’s hire, Atlys will look to further build out its financial infrastructure as it continues to grow.