API infrastructure company Setu, a part of merchant-focused digital payments company Pine Labs, announced that it appointed Anand Raisinghani as its new chief executive.

• Raisinghani was vice president and head of professional services, BFSI, telecom and media verticals at SAP India.
• He has more than two decades of experience and has also worked for technology companies like Equifax, IBM and Wipro. 
• Raisinghani will work closely with cofounder Nikhil Kumar, Setu said in a news release.