Fahim Ahmed becomes MD & CEO of Pathao

Pathao has appointed Fahim Ahmed as Managing Director & Chief Executive Officer effective immediately.

Fahim, who joined Pathao in early 2018 as the chief financial officer, replaces co-founder Hussain Elius, said a media statement on Monday.

Since mid-2020, Fahim, as the President of Pathao, has been overseeing the day-to-day operations and executing the company’s strategy to address the accelerating demand for digital services during the pandemic.

In the past year, Pathao’s key operating and financial metrics hit record highs: it now has more than 8 million users, 300,000 drivers and delivery agents, 30,000 merchants and 10,000 restaurants.

In his reaction, Fahim said, “We are a company that has improved the lives of millions of consumers, small businesses and daily earners. The opportunity ahead for us is exciting, but to capture it, we must move fast, focus and transform. I couldn’t be more thrilled yet humbled to have been chosen to lead the company and our amazing team.”

“Pathao is building the next generation platform for digital commerce — powered by fintech. This will allow consumers to access services and spend responsibly, empower merchants to grow and commerce to thrive, and create earnings opportunities for the rising middle class,” he added.

Prior to Pathao, he was a managing director at SEAF, a global emerging market investment firm, where he co-founded and managed the first mid-market investment fund in Bangladesh.