Spenmoo appoints Justin Choi as new CEO, Mohandas in advisory role

Singapore-based payables management software platform Spenmo announced that it has appointed Justin Choi as its new CEO. He will succeed Mohandas Kalaichelvan who will hold an advisory position while remaining on the company’s board of directors.

Mohandas said,

“It has been an honor to build a software platform for businesses and their finance teams and there is much more to do. I am committed to supporting Spenmoo as an advisor and board member and look forward to the next phase of my journey with the company.

I’d also like to welcome Justin who is well respected in the tech ecosystem in Asia. His experience will strengthen the company’s foundation to support scalability and innovation.

Choi has a successful 20+ year track record as a senior operations executive in the technology sector at companies such as Gojek and Coinbase, and as a private equity investor at firms including CVC Capital Partners.

Justin Choi

Justin said,

“Over the past few years, Spammo has become a valuable partner for companies looking to gain greater productivity, control and visibility over expenses so they can focus their efforts on growing and running their businesses.

I am grateful for this opportunity and am excited to lead Spemo during this important period for the company. I look forward to working closely with the Board to chart a course for the future and drive the business forward.

In his new role, Choi will lead an executive team that includes Co-Founder and Chief Technology Officer Isaac Ahmed as well as recently appointed Chief Product Officer (CPO) Jo-Ann Chung.

Former CPO Andika Prasetya was rumored to have embezzled S$1.2 million in Indonesia, allegedly leading to an internal investigation by its investors Insight Partners and Alpha JWC Ventures. Prasetya denied these allegations and stepped down from his role in February 2023.