FinTech Unicorn Razorpay will create job opportunities for over 650 employees to meet the ever-evolving payment and banking needs of SMEs and Freelancers. The fintech giant’s primary focus will be towards expanding the Engineering, Product, Customer Experience, Sales and Marketing teams, across levels.
The global pandemic has been a turning point for offline businesses and consumers. Within a year, the company witnessed an 80% increase in the demand for digital payments and the need for digital financial processes, forcing offline companies to move online.
Of the 650 new positions for both freshers and lateral hires, 350 will be towards expanding the engineering and product teams, and the rest will form the Customer Experience, Sales and Marketing forces.
Razorpay Senior Vice President – People Operations Chitbhanu Nagri said, “Things have been drastically changing at Razorpay in the last few months. With the rising adoption of digital payments during Covid-19 and thousands of businesses going online for the first time, there’s a lot of scope for interesting innovations in business payments now, something that Razorpay employees have been actively working on.”
“This story of innovation and disruption will continue and grow stronger in the next few months and hence our hiring plans are being driven by more investment in product development, customer experience and new additions to the existing product suite so that we cater to the ever-evolving payment and banking needs of SMEs & MSMEs,” he added.
The company is looking forward to onboard 650 more people so as to work towards servicing the next 5 million businesses by 2022.
Razorpay at present has 1300 employees, and in the last year, the company has hired over 550 employees and has also created cross-functional growth opportunities for its existing employees. The employees will continue to work remotely for the next few months.
Recently, Razorpay announced a string of new products to empower the next phase of digital growth for Small Businesses in India. The company launched Vernacular Language Support in 7 languages, India’s first B2B app store, the ‘Razorpay Trusted Badge’ to improve conversions for new businesses, and Group Health Insurance for companies with as less as two employees.
The Fintech unicorn has also been steadily growing its neobanking arm, RazorpayX which serves more than 10,000 businesses today and is the leading B2B neobank in the country. The company was recently crowned one of the leading FinTech Unicorns with the Series-D fundraise of $100 million. Razorpay currently powers payments for over 5 million businesses, including Facebook, Airtel, BookMyShow, Ola, Zomato, Swiggy, Cred, ICICI Prudential among others, and is all set to reach 10 Million businesses by next year.