Indian FinTech Slice on Tuesday (Dec. 28) said it’s planning to hire almost 800 new employees next year, canvassing its operations, design, product and engineering departments, according to a Business Standard report.
“At Slice, we are constantly looking for young talent, whether that are freshers just out of graduate school or experienced professionals who relate to our product and are equally enthusiastic about creating the future of payments,” said Rajan Bajaj, founder and CEO of Slice, said in the company announcement.
“We plan to hire close to 800 people by the end of next year with a special focus on building and growing our product, operations, design and engineering teams,” he said.
Slice officials say the planned new hires will be brought in to boost the flagship card product and its new UPI product integration. At least 40% of the new Slice employees will join the company’s engineering, product and operations teams.
“Millennials and Gen Z are strong problem-solvers with a steep learning curve,” said Bajaj in the company announcement. “They are not afraid to challenge the status quo, making them the ideal fit for Slice, where we are on the cusp of revolutionizing India’s credit and payments space.”
In November, Slice became a unicorn — a private company with a valuation of at least $1 billion — through a $220 million Series B fundraising round. Slice originally began as a buy now, pay later product but now offers credit cards.
Slice users get a digital “super card,” or a prepaid Visa with a credit line, and then get a physical card sent to their homes. The company ships about 200,000 cards a month and allows users to split bills payments into three monthly installments.
Slice has bolstered its credit card offering with a new limit of 2,000 rupees, or around $27 — a massive decrease from the prior amounts, PYMNTS reported. The new limit adds more eligible customers, as there had been large numbers of customers on its waiting list.