BankBazaar, India’s leading financial marketplace, announced its plans to increase workforce by 400 to strengthen business growth. The pioneers of India’s paperless financial ecosystem will be hiring across technology, product, and operational roles with more focus on product development and supply chain of financial products. Presently, BankBazaar’s employee strength stands at 1050, which is expected to grow by approx. 30-40% by the end of December 2017.
BankBazaar has been closely working with India’s leading financial institutions to enable seamless integration of customer-focused technologies such as paperless finance and app-based financial services through Aadhaar e-KYC and e-Sign framework. Over the last 9 years, the company has grown in leaps and bounds from 8M visitors in March 2016 to 14M visitors in January 2017, 56% of which comes from the mobile site. To support this growth, BankBazaar is looking to add 400 lateral hires in technology, product, and operational roles. In line with this, BankBazaar will reach out to the enterprises that have been recently involved in downsizing exercise or have stopped business operations to seek right set of talent that will fit the requirement pertaining to operations and technology integration.
Adhil Shetty, Co-founder and CEO, BankBazaar said, “The last one year has been a fantastic time for BankBazaar, and we have seen so many new highs. Today, with over 14M unique visitors in one month, we are the most sought after online financial marketplace in India. This has been possible by our investors who invested such trust in us and our business, and the brilliant Team BB which has pulled out all stops time and again to make innovation and disruption our mantra for success. It is thanks to them that even as so many organizations find sustainability difficult, BankBazaar is talking of profitability. In the coming year, we look forward to growing even more with a stronger team that can keep up the momentum of innovation.”
BankBazaar has recently launched the credit score check feature in association with Experian. The organization has also revamped its Android App to further help users manage their finances by displaying consolidated personal finance information in one single simple interface.
BankBazaar hosts the widest range of financial products from over 75+ of the biggest public and private sector banks, NBFCs, and insurance companies in India. It closed January with 14,000,000 unique visitors. The company raised USD 80M through funding from investors such as Amazon.com, Fidelity Growth Partners, Mousse Partners, Sequoia Capital and Walden International.