HomeUpdateIn Hyderabad and Gurugram, British neobank Tide plans to hire 600 techies...

In Hyderabad and Gurugram, British neobank Tide plans to hire 600 techies and business executives.


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Last Updated on 23/12/2021 by Ulka

Tide, a financial and banking services platform located in the United Kingdom, plans to hire 600 IT workers by the end of 2026 for its Hyderabad location, which serves as the company’s tech hub in India.

The neobank, which is partnered with RBL Bank in India, is looking for 300 engineers in various areas, with a special focus on backend developers in Java and Python. It’s also looking for data science and Flutter specialists.

The $650 million fintech, which was founded in 2015 and debuted in 2017, will train and hire fresh graduates from institutes such as the Indian Institutes of Technology (IIT) and National Institutes of Technology (NIT) through an ‘Internship to Hire’ programme.

Interns who complete the programme successfully will be given a full-time position.

The financial services firm also announced ambitions to hire 1,000 individuals in India earlier this year, in June. In an interview with Business Insider, Gurjodhpal Singh, chief executive officer (CEO) of Tide (India), said, “So out of 1,000, 200 have already been hired, and overall, we have a team size of over 350 currently in India.”

British neobank Tide wants to hire 600 techies and business execs in  Hyderabad and Gurugram | Business Insider India

In addition to computer professionals, the company will be employing people from various business backgrounds for its Gurugram office, which serves as the company’s business hub. “Along with techies, we’re actively hiring for business teams and business jobs,” he added. So that’s another facet of the 1,000 employees we’re hoping to bring on board.”

“We raised a nice Series-C earlier this year,” he remarked when asked how the company can afford the expanded recruiting goals. As a result of both of these factors working together, we are now in a position to invest in additional expansion, which is exactly what we aim to do. Growth in terms of revenue and market share will also be a priority for us. All of that will go into expanding the staff and developing a more sophisticated product.”

Singh also emphasised India’s aggressive growth goals in the next five years in an interview with Business Insider but did not provide many details. “We have strong growth plans for the next five years,” he stated. Given that India accounts for 10% of global SMEs, our goal is to have a positive influence on 25% of the worldwide SME base through Tide.”

Singh spoke about his plans to offer new items in the Indian market and open new offices in various states across the country. “Apart from Delhi and Hyderabad, we will be increasing our product footprint across the country with our banking partner” (RBL Bank). We’re a highly open and dynamic company, and we’d be willing to expand into more locations in India if necessary. But for the time being, this is the strategy,” Singh added.

Ulka is a tech enthusiast and business politics, columnist at TheDigitalhacker. She writer about Geo Politics, Business Politics and Country Economics in general.
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