India, Aug. 29 -- Fintech unicorn Raise Financial Services has roped in former Upstox executive Abhishek Singh as the chief executive officer (CEO) of its new insurtech vertical Pluto Insurance.

Singh confirmed the development in a post on LinkedIn. His bio on the networking platform also reflected the new designation.

"Twenty-three years in this industry, and I am as excited as I was on day one. Happy to announce that I am joining Pluto Insurance. I've spent most of my career wanting to build things that solve real problems for real people, not just move numbers on a board. Pluto Insurance gives me that shot, at scale, in a category that badly needs it," said Singh.

In his post, Singh added that Pluto plans to build a platform for "wh...