ftcash, a financial technology company has made an announcement to hire 500 new people within a period of next 18 months. The company plans to hire 15% of the software engineers and the rest will be hired from other verticals such as marketing, sales, finance, and operations.
Deepak Kothari, ftcash co-founder while confirming this news said, “With our geographic expansion plans mapped out for the next few quarters, we will simultaneously strengthen our overall team to support our business growth as well as to scale up our platform’s technological infrastructure”.
ftcash has raised an undisclosed amount in a pre-Series which is a funding round from 500 startups. A silicon-based fund venture with its existing investor IvyCap Ventures to support the geographic expansion plans, increase the merchant base and upgrade its technological framework.
ftcash provide assistance for small businesses and micro-merchants across India with the tools to transact online in a hassle-free manner. It also assists MSMEs, home-based entrepreneurs, and mom-and-pop stores to secure working capital and small-ticket loans for day-to-day operations from financial institutions.
The company is aiming to extend their innovative transactional services to 1 million merchants over the next four years and disburse loans worth ₹ 150 crores.