Samant Jain
About Samant Jain
Samant Jain serves as the Head of Strategy & Planning, Strategic Partnerships, and Finance (Interim) at Spenmo, where he has implemented data-driven decisions to optimize operations and reduce costs. He has a strong educational background with multiple MBAs and extensive experience in finance and strategy across various prestigious organizations.
Work at Spenmo
Samant Jain serves as the Head of Strategy & Planning, Strategic Partnerships, and Finance (interim) at Spenmo since 2021. In this role, he has developed a granular view of unit economics, leading to data-driven commercial decisions that resulted in lower transaction costs. He has overseen group restructuring to optimize transfer pricing, tax, and risk. Jain has also significantly reduced operational cash burn by optimizing both headcount and non-headcount spending. His initiatives include implementing a new pricing model that increased net revenue per customer and revamping treasury operations, which doubled the yield on cash.
Education and Expertise
Samant Jain has a strong educational background in management and finance. He earned his Master of Business Administration (MBA) from the Indian Institute of Management, Lucknow, from 2008 to 2010. He also studied at Nyenrode Business University, where he achieved another MBA in Management, Finance, and Strategy from 2010 to 2011. Jain holds a Bachelor of Financial and Investment Analysis from Shaheed Sukhdev College of Business Studies, completed from 2001 to 2004. His foundational education includes high school studies at Guru Harkrishan Public School.
Previous Work Experience
Before joining Spenmo, Samant Jain held various significant roles in the finance and consulting sectors. He worked at Visa as Engagement Manager for Asia-Pacific Client Consulting from 2014 to 2015, and later as Head of Product in Ireland from 2020 to 2021. Prior to Visa, he spent three years at Barclays as Chief of Staff and AVP, focusing on credit cards, payments acquiring, and strategy. Jain also held positions at Mastercard as Director of Product Management and at Deloitte & Touche USA LLP as an Analyst in the Strategy, Financial Services Practice.
Achievements in Financial Management
At Spenmo, Samant Jain has led several initiatives that have improved financial management and operational efficiency. He cleared the pending FY21 audit within two months, enhancing board and investor reporting accuracy. Jain has also transformed the finance team, including controllership, treasury, investor reporting, and financial planning and analysis (FP&A). His negotiation of strategic partnerships has improved the cost of goods sold by securing higher card interchange shares and better foreign exchange margins.
Career Development and Skills
Samant Jain's career development reflects a strong focus on strategy, financial analysis, and operational efficiency. His experience spans multiple high-visibility roles in product management, consulting, and finance. Jain has developed skills in optimizing financial operations, managing strategic partnerships, and implementing data-driven decision-making processes. His background in both consulting and corporate environments has equipped him with a comprehensive understanding of financial services and strategic planning.