Mitherpal Sidhu has been appointed General Manager of Payments at Funding Societies Modalku Group. In his new role, he is responsible for leading CardUp’s operations across Singapore and Indonesia, overseeing full profit and loss management in both markets.
Sidhu brings a wealth of experience to the role, having previously served as Group Chief Operating Officer at BigPay, the fintech arm of Capital A. His career also includes notable stints at KPMG, the Singapore Economic Development Board (EDB), Lazada, and payments platform Opn.
His appointment comes amid a period of leadership transition at BigPay. In recent months, the company has seen the departure of several top executives, including CEO Zubin Rada Krishnan, Chief Growth and Commercial Officer Chris Manguera, and Chief of Staff and Head of Strategy Meirisha Berisdha. All three co-founders—Salim Dhanani, Chris Davison, and Navin Rajagopalan—had also exited at various points, with Salim’s departure being the most recent in 2023.
Capital A CEO Tan Sri Tony Fernandes recently revealed plans to divest a majority stake in BigPay to a major regional bank. The move comes as the company seeks to meet capital requirements. As of the end of 2024, BigPay reported over 1.6 million cardholders, up from 1.5 million the previous year, although it remains the only loss-making entity among Capital A’s non-aviation businesses.
