· Plans to add 100more members to its Tech team
· Tech team appraisals for Mar 22 preponed by 8 months
· All new joinees to get BMW Bikes across levels
· Tech team to work out of Dubai during ICC T20 World Cup
Mumbai,July19, 2021: BharatPe, India’s leading fintech company for merchants, today announced aggressive hiring plans to strengthen its talent pool in the Technology team. The company, that is planning to launch a slew of products in the merchant and consumer lending space, will be tripling the strength of its Technology team and hiring 100 more members.BharatPe announced a first-of-its-kind Referral & Joining Policyfor any start-up in India.
First: All new Tech team joinees will have an option to choose between Bike Package or Gadget Package. Bike package has 5 super bikes as options – BMW G310R, Jawa Parek, KTM Duke 390, KTM RC 390 and Royal Enfield Himalayan. The gadget package includes - Apple iPad Pro (with Pencil), Bose Headphone, Harman Kardon Speaker, Samsung Galaxy Watch, WFH desk and chair, and Firefox Typhoon 27.5 D bicycle.
Second: BharatPe will host its entire Tech Team inDubai for the ICC Men’s T20 World Cup from Oct 17- Nov 14, 2021. The Tech teammembers will get a chance to watch the matches of the ICC Men’s T20 World Cup and cheer for their favourite team.
Third: Tech team appraisals for the team have been preponed by 8 months and the team has earned 75% increments split between CTC and incremental ESOPs, effective July 1, 2021.
Fourth: The Bike Package and Gadget Package is available to anyone referring tech talent to company and has been extended to the whole team as well as alumni of BharatPe.
Speaking on the initiative, Ashneer Grover, Co-Founder and CEO, BharatPe said, “BharatPe is a tech-first Fintech. As we build the next generation of banking in India, we want to invite and excite the best Tech talent to work with us on building market leading products at scale. We will, therefore, be taking the lead in Tech talent compensation in India because that’s the only real investment our business needs given the capital efficiency of our model.”
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BharatPe was co-founded by Ashneer Grover and Shashvat Nakrani in 2018 with the vision to make financial inclusion a reality for Indian merchants. In 2018, BharatPe launched India’s first UPI interoperable QR code, the first zero MDR payment acceptance service. In 2020, post-Covid, BharatPe also launched India’s only zero MDR card acceptance terminals – BharatSwipe. Currently serving over 65 lakh merchants across 100+ cities, the company is a leader in UPI offline transactions, processing 10 crores+ UPI transactions per month (annualized Transaction Processed Value of US$ 10+ Bn). The company has already facilitated disbursement of loans totaling to over Rs. 1,800 crores to its merchants, since launch. BharatPe’s POS business processes payments of over Rs. 1,400 crores/ month. BharatPe has raised close to US$ 300 million in equity and debt, till date. The company’s list of marquee investors includes Coatue Management, Ribbit Capital, Insight Partners, Steadview Capital, Beenext, Amplo and Sequoia Capital.In June 2021, the company announced the acquisition of PAYBACK India, the country’s largest multi-brand loyalty program company with 100 million+ members. In June 2021, it was also given an in-principle approval by Reserve Bank of India to establish a Small Finance Bank, in partnership with Centrum Financial Services Limited (Centrum), the established and profitable NBFC arm of the Centrum Group.
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