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ftcash to strengthen its talent pool by hiring 500 new employees over the next 18 months

In a bid to ramp up operations and drive its expansion plans, ftcash, India’s fastest growing financial technology and mobile payments company, has announced its plans to hire around 500 new team members over the next 18 months. Software engineers for its tech team will comprise 15% of the fresh hires, while others will be hired across verticals such as marketing, sales, finance, and operations.

The announcement from ftcash comes at a time when many Indian start-ups have been struggling to sustain their operations and underlines its position as one of leading players in the country’s fintech domain. With robust unit economics at the core of its operation, the platform has also recently raised an undisclosed amount in a pre-Series A funding round from 500 Startups, a Silicon Valley-based early-stage venture fund, as well as its existing investor, IvyCap Ventures. The funds will be used to support its geographic expansion plans, increase the merchant base, and upgrade its technological framework.

Commenting on the launch, Deepak Kothari, co-founder, ftcash said, “With our geographic expansion plans mapped out for the next few quarters, we will simultaneously strengthen our overall team to support our business growth as well as to scale up our platform’s technological infrastructure. A less capital-intensive business model has helped us in optimizing our operational expenditures and building technology-driven solutions for offline merchants. Our aim is to extend our innovative transactional services to one million merchants over the next four years and disburse loans worth INR 150 crores.”

By facilitating swift and seamless financial transactions over a digital medium, ftcash has been empowering small businesses and micro-merchants across India with the tools to transact online in a hassle-free manner. The platform also assists MSMEs, home-based entrepreneurs, and mom-and-pop stores to secure working capital and small-ticket loans for day-to-day operations from financial institutions with its unique and proprietary transactional data.

About ftcash:

One of India’s fastest growing financial technology ventures, ftcash has been established with a singular aim – to empower micro-merchants and small businesses with the tools required for convenient digital payments and loans. Founded in June 2015 in Mumbai by Vaibhav Lodha, Sanjeev Chandak, and Deepak Kothari, ftcash has been working towards extending the benefits of financial inclusion to the underserved MSME sector in India through technology. The team at ftcash comprises senior executives with a pedigree from prestigious institutes such as Wharton, Harvard, IITs, and SRCC etc, holding work experience with leading global institutions like Deutsche Bank, KPMG, Capital One, and World Bank.

 

Backed by PayPal and recognized by Forbes, ftcash was adjudged the winner at the UK Trade and Investment – Great Tech Initiative, receiving the award from Prince William, the Duke of Cambridge, and Catherine, the Duchess of Cambridge. The company has also won several other accolades that include IBM Fintech Smart Camp, Red Herring Asia 50, IIM Ahmedabad CIIE-IIFL Fellowship, KPMG Hot 100 Startups, NASSCOM Emerge 50, and Village Capital Program amongst other accolades. ftcash is funded by IvyCap Ventures, Singapore Angels, Tracxn Labs and several other marquee angel investors. Currently present in Mumbai, Pune, Surat, and Jaipur with a team of 100+ employees, ftcash plans to expand to 5 additional cities over the next 6 months. Its vision is simple – to leverage technology to enable differentiated MSME-centric offerings and become the No.1 financial services company for micro-merchants in India.

An android fan and A Computer Engineer who fell in love with the world of Internet Marketing. Worked on different SEO techniques for small to large Internet properties at Initial days of my Career. I am in love with my passion for Blogging and running several blogs in variety of category.

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