To strengthen its technology and product domains, the financial services company Razorpay will expand its workforce by more than 65 percent. As per this hiring plan, about 400 jobs will be added by mid 2020.

Commenting on its hiring plans, Harshil Mathur, CEO, Razorpay shared, "As we are scaling up, we need leaders who are domain specialists. These hires will help fuel our growth plans."

Razorpay had recently also announced its plans to go beyond payments and be a neo-banking solution for startups, SMEs, as well as the gig economy.

Further, to boost its enterprise capabilities, the Gurugram based company also announced the acquisition of payroll and HR Management Software company, Opfin, to solve for seamless automation of a business’s payroll process.

With this acquisition the company also moves into the HR tech space and broadens its scope of business.

While on one hand it wants to solve challenges around access to credit, short term credit, reconciliation, expense filing, on the other, it also wants to address the challenges of freelancers.

Razorpay aims to launch payment support for freelancers, consultants, and other unregistered businesses like tutors, gym instructors, and others selling online via Instagram, Facebook, and other platforms.

With a strong business and product expansion plan in place, the financial services company needs more capable workforce. It needs leaders who can drive the many plans company have and a team of experts who can execute the plan and help Razorpay achieve its growth plan. As the focus is on creating new solutions and upgrading the existing ones, the hiring would mostly be in technology and product domains. 

Image souce: Voice&data