British neobank Tide wants to hire 600 technicians and business leaders in Hyderabad and Gurugram

  • The UK-based fintech company looks forward to hiring 600 tech professionals by the end of 2026.
  • Earlier this year in June, the financial services company also announced plans to hire 1,000 people in India.
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Tide, a UK-based financial and banking services platform, plans to hire 600 tech professionals by the end of 2026 for its office in Hyderabad, which is the company’s technology hub in India. .

The neobank ⁠— which operates in partnership with RBL Bank in India ⁠— needs 300 engineers, with particular emphasis on backend engineers in Java and Python, in various roles. She is also looking for experts in data science and Flutter.

Founded in 2015 and launched in 2017, fintech – valued at $ 650 million ⁠ – will include training and hiring new graduates from institutes like Indian Institutes of Technology (IIT), National Institute of Technology (NIT ) through an “internship to hire”. program.

Interns who successfully complete the program will be offered a full-time opportunity.

What is the tide? What does it do?
A digital financial and banking services platform with its Indian headquarters in Hyderabad and Gurgaon. Provides commercial accounts, related banking services and administrative solutions to small and medium-sized enterprises (SMEs)

Earlier this year in June, the financial services company also announced plans to hire 1,000 people in India. “So out of 1,000, 200 have already been hired and overall we have a team of over 350 today in India,” Gurjodhpal Singh, CEO of Tide (India) told Business Insider.

Along with tech professionals, the company will also hire people of different company profiles for their Gurugram office, which is the business center of the company. He added, “In addition to technicians, we are also actively recruiting sales teams and sales roles. So that’s another aspect of the 1,000 employees we’re looking to hire.

Asked how the company will fund the new hiring plans, he said, “We raised a decent Series C earlier this year. So these two things together put us in a position where we can now invest in new growth and that is what we intend to do. Our growth journey will also be focused on growth in terms of revenue and market share. All of this will be used to invest in a larger team and create a more robust product. “

Total funding raised to date Key investors Key Competitors
$ 195.2 million Source: Crunchbase Augmentum Fintech, Apax Digital, Passion Capital and SBI Group InstantPay, Open, Revolut etc.

In an interview with Business Insider, Singh also mentioned aggressive growth plans in India over the next five years, but didn’t reveal many details. He said: “We have aggressive growth plans for the next 5 years. Considering that India has 10% of global SMEs, our aspiration is to impact 25% of the global SME base through Tide. . “At the same time, we are also going to expand our product presence across the country, outside of Delhi and Hyderabad with our banking partner (RBL Bank). We are a very open and agile organization and we would be willing to relocate to other cities in India if needed. But for now, that’s the plan, ”Singh said.

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